This indicator is a package of well-documented indicators with modifications and improvements. This indicator will help you time entries, find tops and bottoms, measure momentum strength, and determine general trend direction. It's a one-stop shop for trading and the only indicator I personally use.
I'm publishing this to share with close friends of mine, anyone else is welcome to use it as well. I will add that you can find the indicators outlined in this post individually on TradingView and I encourage you to do so and read up on how each of them works. Each is well documented.
Please note that, as with all indicators, the higher the timeframe you use the more reliable the indicator becomes. I prefer using this on 5 minute time frame and above. However I sometimes use it for scalps on shorter timeframes.
- WaveTrend by LazyBear
- For all of you that don't know, the yellow "vwap" is really just the delta between the light green and dark green waves. It's a histogram.
- Dual Stochs based on Stochastics (I use completely different period readings than as well as use three instead of two Stochs)
- Divergences Finder and alert
Since I do not trust the backtest results, I entered the test and tested it, and I achieved 8 successes in 10 processes currently opened tv alert sended my telegram channel
NO REPAINT GUARENTEE...