[FrizLabz] FVGFVG indicator --
Allows your Charts to stay CLEAN for your T.A. by plotting the FVGs on top of the Candles inside of its Borders
FVGs can also be turned off and you can Remove the Bar Color only
Each FVG has a tooltip that you can hover your mouse over to get the (Type of FVG, Size, Top, Middle, Bottom, Time)
FVGs Using Plots so that they go all the way back in history you can have more than 500 on the chart
Uses 4 Plots to achieve this 4 are used to prevent the fill() from carrying over to the next bar if there are 2 FVGs
Can remove Bar Color - Theres no option to change Bar Color because it will cover up the FVG
Hope you guys Enjoy,
Smartmoney
FXC Order Block Finder █ OVERVIEW
The FXC Order Bock Finder finds and draws institutional order blocks according to the Smart Money Concept. Order blocks are zones where institutions have most likely left some orders that need to be filled at a later point in time. In These order blocks or POIs can be used to either place limit orders or to look for instant entries as price comes to retest the zone. It works on all time frames but higher time frames tend to be more precise.
█ HOW DOES IT WORK?
The indicator waits for a break of structure (BOS) and then prints a zone if there's an engulfing pattern and an open imbalance. Basically it draws zones where a fake move followed by aggressive buying or selling happened and Imbalances were left open.
█ WHAT MAKES IT UNIQUE?
Apart from the fact that I haven’t found any indicator that is able to properly draw order blocks most indicators do re-paint which doesn’t make any sense in the case of the Smart Money Concept.
Furthermore does this indicator have settings that let’s you adjust how the order blocks are drawn. From wick to end of the imbalance or candle close to imbalance. Also you can set how many candles it takes into consideration for the imbalance in case the imbalance starts after the engulfing pattern has formed. And you can set how many candles have to checked to determine a BOS or an internal BOS by using fractal breaks.
█ HOW TO USE IT?
Either place sell limits at the lower end of the order block with SL slightly above the OB and buy limits at the upper end of the OB with SL slightly below the OB. Target a fixed Risk Reward Ratio or trade it to the next order block. By using multi time frame analysis you can determine the overall direction of the market and prevent low probability trades. Also worth mentioning is that order blocks that have been created during high volume sessions tend to result in way better trades than with order blocks that have been printed during the Asia session.
█ ADDITIONAL INFO
As soon as price retested an order block the order block is mitigated and therefore not valid anymore. Also order blocks that are too far back in time are less probable to deliver good trades. In general the win rate tends not to be too high using this method but more often than not there's a reaction as price taps into an order block and trades with high RRR are quite often. As always in trading, proper money management and risk management is key.
█ DISCLAIMER
This is not financial advice. The Indicator spots these zones according to the smart money concept . However there's absolutely no guarantee that a nice order blocks results in a good trade.
█ Examples
Smart Money Concepts Premium (Expo)Are you a professional Smart Money Concept Trader?
█ This premium version of our SMC indicator includes all advanced Smart Money Concept Trading techniques. The indicator includes all the important concepts such as Market Structure, Change of Character, Current Trading Range, Premium & Discount , Fractals, and Swing Structure. The indicator includes the popular SMC Market Structure Trend to help traders analyze the trend.
In addition to these features, this version adds the following:
Multitimeframe option
Predicted Structure and Range
Backtesting option
External Range Liquidity
Internal Range Liquidity
Liquidity Grab
Fair Value Gap (FVG)
True Fair Value Gap
Imbalance
Order block
Orderflow
Supply & Demand
Equal Highs and Equal Lows
Point of Interest
An alert function that allows you to set any combination of alerts.
This indicator aims to be an all-in-one SMC indicator that helps Smart Money Traders automate their analyzes.
█ HOW TO USE
Use the indicator to trade advanced SMC Trading techniques.
█ Settings
The indicator is fully customized and can be adjusted to fit Swing Trading, Trend Trading, Day Trading, or Scalping.
The indicator works in any market and timeframe.
-----------------
Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Smart Money - Oscillator and Volume StrategyOverview
This is a no-repaint strategy that is highly optimized for BINANCE:ETHUSDTPERP 30m, normal candles. It is a long/short strategy that is based on CMF, ADX/DMI, Keltner Channels, and other oscillators to identify smart money.
The overall idea of the strategy is to effectively capture the beginnings and ends of trends in price action, and go long/short accordingly. To achieve this, potential entry points are identified with various oscillators and these are then filtered using a variety of moving averages and strength/momentum indicators.
Short and sell inflections are found when ADX, DMI, and/or CMF oscillate below a specified threshold, and Keltner Channels are also used to indicate potential trades.
The indicator will continue to be updated and optimized for current and future market conditions.
If purchased, access to the indicator will be available within 24 hours.
Backtest Results
Parameters:
- 2021-01-01 to present (19 months)
- 100% equity order size
- 0.04% commission fees
- No leverage
17,089% net profit through 296 trades with 60.47% of trades being profitable.
Profit factor of 2.862, Sharpe Ratio of 1.158
Parameters:
- 2021-01-01 to present (19 months)
- $1,000 initial capital
- $1,000 order size
- 0.04% commission fees
- No leverage
584% net profit through 296 trades with 60.47% of trades being profitable.
Parameters:
- 2021-01-01 to present (19 months)
- 500% equity order size
- 0.04% commission fees
- 5x leverage
8,587,557% net profit through 299 trades with 59.87% of trades being profitable.
Smart Money ConceptSmart Money Concept is being used to understand the Market Structure, Demand/Supply, and Risk Management.
- Lines represent BoS and CHoCH.
- X-cross and Diamond shapes represent Peak and Trough.
- Numbers represent the Spread Percentages.
SMC RulesThis script allowes you to have a plan always shown on the chart.
You know how it is, sometimes you miss things and if you dont see your plan then you miss maybe an important part... so for this i wrote that simple script here.
So far it has 5 Sections you can edit in the settings to your liking.
On top you can also edit the swing structure you are seeing, so you dont have to always swap timeframes.
Also implemented are the Session times for Frankfurt, London, New York and Asia.
Its not enabled on default, but i find it quiet handy to have..
(including alerts)
I will update it from time to time, if you wish for something just let me know.
Smart Money BusterAfter daytrading for a while i came into conclusion that price action trading is the most successful way to trade for me and this project was for me to simplify my way of trading at the beginning. Eventually it got big and turned into a very useful helper indicator for me to setup on different pairs for alerts and only look at the charts to decide for entry when the alerts come from 120 different pairs that i set it up. Since i always looked at indicators for a way to make my job simpler and give me more time to do more important things for me rather than drawing lines on different pairs eveyday i think it got to a point where it works to my liking and making me gain time, thus more money.
This indicator uses smart money concepts like Market Structure, Order Blocks, Quassimodo Levels, Structure Breaks, Pumps and Dumps, Imbalances(In the works will be added in first update) to help trader catch what the whales are thinking and how to enter in the right time for swing trading, catching bottoms and tops.
Here are some of the features as of release:
Detects Market Structure and draws zig-zag lines and keeps note of pivot points.
Detects Order blocks and draws boxes when the conditions met
Detects the quassimodo levels and changes the color of the box to signal double confluence meaning stronger signal
Draws structure break lines
Setting to set structure break percentage before drawing boxes to get the boxes drawn if you want to be more 'sure' about the Order Block Levels.
Setting to change depth and backstep values for zigzags to be able to let you fit the system for different time frames.
Setting to set MSB trigger point between High and Low, Close and Open or hl2 values.
Setting to set Signal Triggering Range between Start, Middle and End meaning eg. if you set it to Middle it will wait for MSB trigger point to hit the middle of the box before giving you a signal.
Setting for changing HH-LL pivot points lookback count, 5 as default. Increasing this value will make you compare your pivot points with more data, really useful in lower time frames where will be a lot of zig-zags and highs and lows giving you a method to avoid false signals. Recommended to keep it lower values on 30 min and higher and increase it in lower Timeframes according to market volatility.
Setting to add a Box limit where the box of order block will be set invalid after certain candles and it still didn't trigger. Default value of 0 means it's disabled.
Setting to set Candle volatility percentage value to avoid big candles getting opposite signals on fast pump or dump schemes and bust those market makers schemes. Gotta say this came out really handy in crypto markets :)
As an end you can set alerts for 'Buy' , ' Sell ', ' Buy and Sell' together or if you wish you can connect it to bots via webhook as an entry. Although haven't connected to any bots myself as i think the best method of trading is human and machine working together. Since we have the creativity and out of the box thinking and machines have the ability to brute force calculation and huge bandwith that we don't currently have. At least until Elon Musk turns is into a cyborg, which i am not very eager about.
Planned Features:
- Add ability to detect imbalances(fair value gaps) to add third confluence to detect dragon fruit entries. This will make the system work with triple confluence.
- Add more settings so humans can command the ai better.
- Maybe a strategy version after i write my own dynamic take profit algorithm to give system ability make quantitative decisions based on current position profit levels.
- Although i think i fixed almost all the important bugs if there ever comes up one bugs will take priority for updates.
- And some things i may decide to add later. I will keep working on this project since it works well for me.
And like always, happy trading.
Whale Momentum Wave Oscillator//Credits: @Noldo - Whale Trading System @rumpypumpydumpy - ALMA Ribbons @QuantNomad - Elastic Volume Weighted Moving Average
Composite Indicator, created by taking QuantNomad's EVWMA and using that as input for a variation of rumpypumpydumpy's ALMA Ribbons. Each Ribbon had its sub ribbons summed up and then averaged. The averages were then fed through the ta.rsi and the ta.mom functions giving us our momentum waves. Signal line created from the close value being fed through the ta. ema into the ta.rsi then ta.wma then ta.mom function. Why those in that order? No reason in particular just what I stumbled upon after many variations. I then overlayed Noldo's Whale Trading System to view what "whales" were doing, giving us a good view of when capital is flowing into and out the asset which often contradicts the momentum waves prior to trend changes. Provides a nice visual for how capital is moving along with momentum. Can see when smart money is buying up a big dip or of they seem to still be waiting on the sidelines.
[VC] Cumulative Delta Histogram V1.0The V.C Cumulative Delta Histogram shows the market's ongoing Buying/Selling pressure. It helps to determine whether Supply or Demand is dominating and in control.
➤If the Cumulative Delta Increases, the buyers are in control.➚
➤If the Cumulative Delta Decreases, the sellers are in control.➘
The use cases for this Indicator are vast and correlated with our other Delta Indicators. The following examples will explain how to use this Indicator.
Example 1 EUR / USD
In the above example, Negative Cumulative Delta Decreased & Turned into Positive Cumulative Delta. That indicates that sellers are losing control & buyers are getting power.
As a confirmation on the ' 'Box Chart Histogram'' it is evident that Demand is also increasing.
And on ''Wave Chart Index'' as a 3rd confirmation, you can see that the Delta has also increased compared to previous waves.
Example 2
Positive Delta on Cumulative Delta Histogram is decreasing & Negative Delta started increasing.
On the Box Chart Histogram , Demand is decreasing & Supply is increasing.
Additionally, on the Wave Chart Index , the Delta of the wave is also decreasing.
(in short, besides ''Cumulative Delta Histogram," Box chart Histogram & Wave Chart Index is also adding additional confirmation)
Note: Two types of Delta sources are included in this Cumulative Delta Indicator.
Type A: Simple Delta
Type B: Delta %
Simple Delta is the difference between Net Buying - Selling pressure.
Delta % also works in the same calculation, but a Volume weighted algorithm is applied on it.
You may use any of them that suits your analysis.
VC Cumulative Delta Histogram Settings & Inputs
Source:
Allows you to choose the source, Between Simple Delta & Delta %.
Cumulative Length:
Allows you to Change the cumulative length.
Positive & Negative Color:
It allows you to change the colors.
Style Menue
Allows you to change the style & color of the histogram.
Disclaimer Note:
V.C Cumulative Delta Histogram It is purely Volume , Delta, Demand & Supply imbalance and comparative analysis-based tool. Before applying this Indicator to your study, you should know about Volume , Delta & Spread, Demand & Supply, and Aggressive & Passive behaviour of buyers/sellers.
Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Order Blocks Finder By DrewAn Order Block is a technical analysis technique that tracks the accumulation of orders (when bullish) and distribution of orders (when bearish) of banks and institutional traders. In other words, it is an area or an indication of where big institutions would pile up their orders to enter the market – their order blocks.
If you know how order blocks works and know how to trade via order blocks, then this indicator will help you in finding order blocks by itself which you don't need to worry about finding any.
For settings, I personally use Box Length as 10 and Box Transparency 80. Hope this helps! Feel free to drop a comment for any questions :)
Would appreciate you all if you can LIKE and FAVOURITE this indicator.
LOKEN (v4) BULLISH SMART MONEYThis indicator is based on Smart Money MCDX
(Pine editor @v4)
Indicator built for cryptocurrencies.
Best for day trading.
The coin seems overbought but still pump? Check this indicator
This indicator help you see when institutional buyer enter/exit trade and is a good combination with RSI + Stochastic RSI .
This indicator focus on buying activity by big players and is built for LONG or SPOT, shorter can still use it to determine when to exit short (if smart money appear on a significant TF you may not enter/stay in a short).
Banker plot show strong buyer activities (appear generally when RSI already overbought but still increasing).
It appear as a Histogram with a color code to better see the fading strength of the institutional activity :
Light Blue Bar = Institutional presence ( bullish )
Green Bar = Pump candle (very bullish ), (Banker > Banker MA)
Orange Bar = Retest candle = natural decline after a growth (Banker < Banker MA)
Black Bar = Down candle = progressive exit of institutional leads to this candle, you must have TP before.
Red Bar = Dump candle = steep decline, the institutional take profit hard. You better be out before that one.
Hot-Money plot show momentum and react fast to price action.
It appear as a filled zone (red or green) depending on the plot position compared to its average.
In a downtrend you may only see this one.
Key-Signals:
"Bullish signal 𓃓" = open a long
"Sell signal 💲" = close the long
I recommend you don't keep all the signals enabled at first.
(feel free to ask me the use of the other signals)
It seemed to me that SMART MONEY MCDX was counter-intuitive and archaic,
So i made this one for personal use,
I'm happy if this indicator helps you,
Have a good trade
Super OrderBlock / FVG / BoS Tools by makuchaku & eFeThis super indicator is a Swiss army knife for Smart Money traders for OrderBlocks / FVG / BoS
It provides many options for drawing (non-repainting) boxes for OrderBlocks, Fair Value Gaps (FVG) and Break of Structures. The boxes are extended into the future, until the first retest/mitigation.
Some of the additional options (not explained in the diagrams above)
PPDD OB : An order block which is formed after interacting with Liquidity (old low/high, fractal low/high, etc). Since these OB's are in the most premium or most discount, they are Premium Premium Discount Discount OB's (PPDD OB)
HVB Bars : When the volume of any bar is higher than the average volume of last N bars, it could mean something important (in the right context). Hence, the indicator allows for coloring them differently.
This indicator was built as a collaboration between @makuchaku & eFe
Pro tip : This indicator is a simply a tool to visualize trading concepts on the candle stick chart. It is the job of the trader to sequence these effectively into a profitable trade.
If you come across any bug or have a question on how to effectively use the indicator, please don't hesitate to ask questions.
Good luck & good trading!
Liquidity_Zone by SebasVentuLiquidity_Zone by SebasVentu It is a strategy that shows the liquidity zones and also has a simulator
Es una estrategia que muestra las zonas de liquidez y ademas cuenta con un simulador
Combo Backtest 123 Reversal & Smart Money Index (SMI) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors sentiment.
The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.
The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day
because of the overnight news and economic data. There is also a lot of buying on market orders and short covering at the opening.
Smart, experienced investors start trading closer to the end of the day having the opportunity to evaluate market performance.
Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated
for many markets and market indices (S&P 500, DJIA, etc.)
The SMI sends no clear signal whether the market is bullish or bearish. There are also no fixed absolute or relative readings signaling
about the trend. Traders need to look at the SMI dynamics relative to that of the market. If, for example, SMI rises sharply when the
market falls, this fact would mean that smart money is buying, and the market is to revert to an uptrend soon. The opposite situation
is also true. A rapidly falling SMI during a bullish market means that smart money is selling and that market is to revert to a downtrend
soon. The SMI is, therefore, a trend-based indicator.
Some analysts use the smart money index to claim that precious metals such as gold will continually maintain value in the future.
WARNING:
- For purpose educate only
- This script to change bars colors.
AMD-ImbalanceThis script looks at three consecutive candles and if there is an area between the wicks of the first and third candle, it will paint a box to mark the area.
The marked area is considered an imbalance or inefficiency in the market. Price usually finds its way back to that area of imbalance to clear it.
As price clears part of the area of imbalance, the box turns from a solid border to a dashed border.
DOP - Load-Level Identification & Setup Assistant (L.I.S.A)This toolkit is made up of more than 3+ innovative indicators that have been designed to assist people in trading smart-money concepts. Get access to a variety of trading tools & relevant data all within one indicator to create your own, smart-money trading strategy.
Catering To SMART-Money Trading Styles
Our toolkit works in any market & allows users to:
• Detect the trend of the market by displaying real-time changes in market structure.
• Detect institutional activity in the market by highlighting structural changes.
• Get automatic order block support and resistance levels in real-time to assist with order entry placement and target take profit levels.
• Timely removal of order blocks that have been run through to give a clear picture of current market structure.
How Does It Work?
The algorithm tracks key pivot points within market data and when these are broken by price movements it provides key information to the user such as when it broke structure, where it broke structure and what levels are now considered support and resistance.
Trend Bar Colouring
The trend bar colouring feature provides a clear visual indication of the market trend by colouring candles red or green depending on the last break in market structure.
Market Structure Breaks
Breaks in market structure are displayed with a single line between two candles, this indicates that there may have been a shift in market trend.
Order Block Levels
Once structure breaks it creates support and resistance levels which can help in trade entries and deciding on take profit targets; these are displayed in real-time with colour coded boxes at either the support or resistance levels. If a level has been broken it is automatically removed from the chart to give a clear representation of the current market state.
If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
You can see the Author's instructions below to get instant-access to this indicator.
Smart Money OscillatorSmart Money Oscillator
Class : oscillator
Purpose : intraday
Period : 15 min – 1 hour
Idea of the Indicator
Smart Money Oscillator is the next step in evolution of oscillators. It uses regression analysis technics to calculate the theoretical price of the asset and compare it with the actual price. This price difference is used to define whether current prices are overbought or oversold.
“Smart Money Oscillator” is very volatile and provide much more signals than traditional oscillators like RSI or Stochastic. It can be used for active trading in volatile assets like Nasdaq index.
Structure of the Indicator
Indicator consists of two oscillatory lines: main (blue colored) and signal (red colored). Overbought and oversold zones are indicated with black dotted horizontal lines.
Rules of trading
Rules of trading are typical for oscillators.
• When the oscillatory line enters the overbought zone – long positions should be closed and after line reversal short position should be opened.
• When the oscillatory line enters the oversold zone – short positions should be closed and after line reversal long position should be opened.
Signal line is used to reduce the level of noise in the oscillatory line dynamics.
Access to the indicator
Please address all questions about this indicator (including access to it) in private messages.
Orderblocks (Nephew_Sam_)Highlights orderblocks based on fractal market structure.
Whenever a new fractal high/low is created, it will search for the Orderblock and plot lines and labels
Note: this indicator does not have an option to delete once filled.
Options:
1. Select 3/5 bar fractal
2. Plot lines and labels on OB's
- Ability to filter OB only when a candle is fully engulfed
3. Change bar color of engulfed candles
FVG (Nephew_Sam_)Plots fair value gaps or imbalances on the chart.
Imbalances are a skip in liquidity, zones where prices move quickly away from, which causes orders to not be fully filled in there. Think of it as weekend gaps, but during trading hours.
Settings:
1. Line Length - length of plotted lines
2. Delete Lines - Delete lines after FVG is filled
3. Fill Option - is fill candle close above/below fvg or if candle wick touches end of fvg.
4. Color - change color of FVG bull and bear lines
Smart Money Oscillator [Nic]Smart money index (SMI) or smart money flow index is a technical analysis indicator demonstrating investors' sentiment. The index was invented and popularized by money manager Don Hays. The indicator is based on intra-day price patterns.
The main idea is that the majority of traders (emotional, news-driven) overreact at the beginning of the trading day because of the overnight news and economic data. There is also much buying on market orders and short covering at the opening. Therefore, the basic strategy is to bet against the morning price trend and bet with the evening price trend. The SMI may be calculated for many markets and market indices (S&P 500, Dow Jones, etc.)
This script turns the smart money index into an oscillator so you can determine the relative strength of the smart money.
COT Net Positions Index - Currencies Only (Legacy Report)This indicator is based on the Commitment of Traders legacy report and compares the combined net noncommercial positions of the base and quote currency to the combined commercial positions of the base and quote currency.
The indicator currently works on aal the major and minor currency pairs including the inversed charts, and I will be adding exotic currencies and metals shortly. Please request any other instruments in the comments below.
Something to be aware of is that for any pair containing the U.S. Dollar, the U.S. Dollar is represented by the U.S. Dollar Index. For example, if we take the EURUSD the script combines the Euro FX futures contracts and combines the U.S. Dollar Index futures contracts, where as with for example the NZDCAD, the New Zealand Dollar is indexed against the Canadian Dollar. You should keep this in mind, because the Euro positions are 125,000 Euro FX futures contracts, while the U.S. Dollar Index futures contracts are only 1,000 U.S. Dollars.
By default the total open interest and net total of all the positions are showing as well, however, these can be turned off in the indicator settings along with the noncommercial and commercial positions.
You can also turn on the indicator lables on the scale, and it will show the name label for the open interest, noncomercials, commercials, and net total.
Smart Money ChecklistJust a basic info panel I made to remind me of my trading strategy.
I couldn't find a script close enough to what I wanted so I made this.
Be free to tweak it to your needs.
Zeta BreakoutIf I ask you what moves the price, most of you will say the same old answer: Demand & Supply
But who creates Demand & Supply? You or Me, the retailers? No. It is Big Institutions and Mutual Funds and Big Banks which create this demand and supply because the
share of retailers in Stock Market is so little it does not affect the price in a big way.
The Big Institutions, Mutual Funds, Big Banks or in some cases Governments, are collectively called Smart Money.
When Smart Money steps in, the previous levels of Support or Resistance are broken and then the up or down move starts which most probably goes a certain distance.
Now the Support or Resistance levels are not static, they are dynamic in nature and keep changing with the time.
How does this indicator work?
Zeta Breakout dynamically and automatically detects and marks these levels and when the price break-outs or break-downs or bounces up or down from these levels, the Buy or Sell Signals are generated for you to follow.
The indicator keeps watching previous or newly created levels of Support or Resistance and as soon as price crosses these levels or bounces from these levels, the user is alerted in the form of 'Buy' or 'Sell' Signals.
How to use this indicator?
1. When you see a Buy Signal, take Buy Position and hold it till either (a) You see opposite signal or (b) Your Stop Loss is hit which is ideally the low of candle preceding the signal candle or any other user defined SL. If your stop loss is hit and then price again starts moving in the same direction as indicated by the last Buy signal, take a fresh position as soon as the price crosses the level where previous signal is sitting.
2. When you see a Sell Signal, close your Buy Position, take a Sell position and hold it till either (a) You see opposite signal or (b) Your Stop Loss is hit which is ideally the high of candle preceding the signal candle or any user defined SL. If your stop loss is hit and then price again starts moving in the same direction as indicated by the last Sell signal, take a fresh position as soon as the price crosses the level where previous signal is sitting.
What are the target instruments/markets for this indicator?
This indicator can be used on Stocks, Indices, Gold , Silver , Currency Pairs, Crude Oil or anything being trades on any exchange in the world.
This indicator is not limited to any specific time-frame. You may select any time-frame which suits your trading style.
How can you get this indicator?
This is an invite-only paid indicator but we can give you FREE TRIAL for 05 days if you are interested.
For Free Trial, send a message to @jellygill