PROTECTED SOURCE SCRIPT
Trend Wave
This indicator is used to filter the trend of stock.
2 period moving average is used to filter the unstable market.
Retracement only max 3 days,to avoid big retrace cause profit burn.
Background color is based on candle color.
Green Candle = Bull Momentum
Yellow Candle = Possible Retrace / Bear Momentum ( to avoid miss the bull wave)
Red Candle = Bear Momentum
❗ = Danger signal - based on volume,candlestick,support
Have a look to the wick to determine the momentum power of bull/bear
Strategy To Trade:
**PLEASE TRADE USING SEVERAL INDICATOR (NOT ONLY ONE)!!!
Kindly Comment Below For your opinion to this indicator.
This is permanently share to public.
2 period moving average is used to filter the unstable market.
Retracement only max 3 days,to avoid big retrace cause profit burn.
Background color is based on candle color.
Green Candle = Bull Momentum
Yellow Candle = Possible Retrace / Bear Momentum ( to avoid miss the bull wave)
Red Candle = Bear Momentum
❗ = Danger signal - based on volume,candlestick,support
Have a look to the wick to determine the momentum power of bull/bear
Strategy To Trade:
- Long when candle turn RED to GREEN
- Long when retrace end and BULL momentum appear
- Short when candle turn GREEN/YELLOW to RED
- Wait for Red Candle to Exit if your cost is low
- Not suggest to catch high for day changes% > 15
**PLEASE TRADE USING SEVERAL INDICATOR (NOT ONLY ONE)!!!
Kindly Comment Below For your opinion to this indicator.
This is permanently share to public.
Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
¿Quiere utilizar este script en un gráfico?
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