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The 11 moving averages with bar color

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anlık görüntüIt is made by 11 moving averages and an indicator that color the candles when there is a strong trend.

The moving averages change color becoming green or red if there is a bullish trend in green or a bearish trend in red.

There are few ways to use this indicator.These two is what I found easier, please back test it and share your thoughts.

1. When the cloud is red and the candle is outside the cloud and the candle become red it s a sell entry.
When the cloud is green and the candle is outside the cloud and become green it s a buy entry.

2.The moving averages can be used as dynamic support and resistance.In a red cloud if a candle stop exactly where there is a moving averages and the next candle is a bearish engulfing candle it s a sell entry.
In a green cloud if a candle stop exactly where there is a moving averages and the next candle is a bullish engulfing candle it s a buy entry.

The exit is when the bar is not colored anymore or if the bar close below/above the second moving average from the top/from the bottom

Please look as well the blue moving averages that could work as dynamic support/resistanceanlık görüntü

VERY IMPORTANT WHEN YOU TRY A NEW STRATEGY TEST IT IN A DEMO ACCOUNT FOR AT LEAST 3 MONTHS

Every donations will be devolved to cancer research and you ll have one month free trial.

If you want to purchase this indicator 30% will be devolved to cancer research.

Please leave a comment or message me if you want you have two weeks trial.


Enjoy!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.