MRC Trend Trader one of the best indicator by VK. Usable for Trend, Swing, positional Trading. Works on all types of markets and symbols, Best To use in Time Frame Higher Than 30m
About The Indicator :
This indicator uses MACD to scan the Trend Based on Higher TF and RSI+CCI for entries . It also has the ability to plot MACD crossing signal line in higher TF, plotted on the bottom of the chart and ATR is used for Stop Loss, plotted below Signals. One of the best function of this indicator is support/resistance levels, dot lines plotted on the chart, Which can be used to Take Profit as targets.
How To Use :
The main strategy behind this indicator is to only Long When Background Trend is green and only Short when Background trend is red . Enter on B/S Signal close.
Functions :
- MACD to scan Trend and MACD cross on Multi Time Frame. - RSI to find lower Buy entry and Higher Sell entry (MTF - Only use current TF or Lower). - CCI to find continuation entries (More Signals). - Stop Loss. - Support and Resistance Levels (Take Profit Targets).
This indicator is set up keeping Money management as one of the main priority, Keep taking profits on targets and always move Stop Loss to Breakeven Once in Profit.
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Notas de prensa
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Better Trend Filter Added Donchain as primary trend (BGcolor) and MACD as secondary trend(Triangles plotted on The Bottom/Top of the chart). Added function to color candles when RSI Above/Below Overbought/Oversold levels.
Notas de prensa
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Reverted back from Donchain to MACD for Trend detection and minor corrections.
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Removed CCI as secondary entry signal and added Chop as secondary Entry signals to find price continuation entries . RSI is still The main entry signal (Bigger Triangles) and Chop (small Triangles). Also added medium Chop entries for more signals to scalp.
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