Kody uses a suite of indicators known as the Trend Precision bundle. These are only available in TradingView. The bundle consists of the following:
ST_ATR_Cloud
ST_HTF_EMACloud (Higher time frame EMA cloud)
ST_Trend_Precision_Candles
Kody also uses the Squeeze indicator. If you have Squeeze Pro, use that. The regular Squeeze indicator can be used as well.
First you must request access to the indicators by sending your TradingView username to support@simplertrading.com. If you need help finding your username for Tradingview, please follow the link below:
Once you have access you will find the indicators in your "Invite-Only scripts" section of the platform.
Chart setup:
Go to the Chart menu in the browser or click the + for a new tab in the desktop app. Select "Create a new Layout". This will create a new blank chart.
Click on Indicators, then Invite-Only and find the indicators noted above.
Click TWICE to add the ATR Cloud -- you will need 2 of these
Click ONCE to add HTF_EMACloud - you only need one of these
Click ONCE to add TrendPrecisionCandles - you only need one of these
If you have access to the Squeeze or Squeeze Pro - click ONCE to add this as well. NOTE: there are many fake versions of the squeeze on TradingView. If the creator isn't SimplerTrading, then it is not the correct one and your results will not be the same
Once you have all the listed indicators on your chart, click the Object Tree Icon and verify you have:
2 ATR Clouds
1 HTF EMA Cloud
1 Trend Precision Candles
and 1 Squeeze
Save your chart setup. Then save the indicators as a single template:
click the 4-square icon at the top of the screen
Choose "Save Indicator Template"
Give it a name, such as "Kody's Setup", "Funded setup" or whatever makes sense to you. You can choose to save the symbol but it isn't necessary. Do not save the time interval because we will be using these on multiple time frames to setup Multi-Timeframe analysis
Once you have the chart setup and the template saved, Configure the individual indicators. To change any settings for the indicators (such as colors or input settings) right-click the indicator in the Object tree and select "Settings".
ATR Cloud setup -- it is added twice so that each instance can show different ATR bands
Instance 1 - show bands 1->2
Instance 2 - show bands 2->3
It is recommended to adjust the colors in the STYLE tab of the indicator to to GRAY for the inner zone. Change the "Plots Background" or all of the settings as preferred.
Higher TimeFrame Ema Cloud
Use EMAs: 8, 21, 34
Set colors:
Bullish (stacked up): Blue
Bearish (stacked down): Red
Unclear trend (neutral): White
Set the Time frame Input to match your desired ema (e.g. on a 5 minute chart, use the 15minute higher time frame)
Trend Precision Candles
EMAs: 8, 21, 34
Timeframe for EMAs and Momentum: match the higher time frame recommendation (e.g. for a 5m minute chart, use 15m for the Timeframe and momentum)
It is recommended to modify the colors of the candle bodies for Up (neutral) to White and Down( neutral) to Dark Gray. This helps remove the red/green emotional bias
The Trend Precision Candles show blue dots which indicator volume spikes. These appear:
When volume is greater than 50% of its last 20-bar average
This is used to confirm break outs or break downs
Multi-Timeframe Analysis
Multi-Timeframe Analysis
Use a 3-chart layout:
Top-left: 1-minute or 2-minute chart using 5-minute data for the HTF EMA's and Trend Precision candles
Top-right: 5-minute chart using 15 minute data for the HTF EMA's and Trend Precision Candles
Bottom: 15-minute chart using 30-minute data for the HTF EMA's and Trend Precision Candles
Save your chart in the upper-right and you are ready to go!