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PNA_Range - Idetify the Entry and Exit Range

774

Hello Everyone,

This indicator indicates the Range moving to the direction of the trend.. This is a unique combination of Moving Average, EMA and Trend.

The levels are major marked as "Cross" and for minor levels - the chart indicates Red and Green lines.

HOW IT WORKS

It basically uses Trend to make its buy and sell decisions.
- Best time is suited with 25Mins Timeframe; however one can also view in 30 Mins Timeframes well
- Once the line cross the Range(Cross); and the minor levels are broken - One can enter the trade

TRAILING SL

- One can follow the 8-EMA and 13EMA as Trailing SL
- Ideally the closing has to be done on the line above or below to exit; else one can follow 21MA Moving average

EXTRA ADVICE
It's advised that you use this strategy in addition to MACD and ADX as well...

My TradingView Page:
tradingview.com/u/nirajsaror...

To obtain the access to this scrip - you can personal message me on "nirajsarora"

All the Best!
Sürüm Notları
Few Edits done on the Trend
Sürüm Notları
Hi Everyone - Pivot Points have been added..
Sürüm Notları
Hi Everyone - Few Color Changed. Thanks!

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.