This indicator works off of the RSI levels as a guide to buy and sell. 70-100 is sell zone and 30 - 0 is buy zone. You make every part of the RSI the same colour as your back ground except the 70 and 30 lines and then you push it to the back (unless you use RSI for divergence then you can keep it up if it doesn't confuse you).
When wondering the trend the cloud will move under price for uptrend and over price for down trend.
When the green line crosses and sits on top of the red line the chart is possibly going to start rising.
When the red line crosses and sits on top of the green line the chart is possibly going to start falling.
The white moving average can be set to all different levels so the tighter it is the tighter the crosses will be but the wider it is then this tells a good story. See when the white MA goes under the chart then it means the overall trend is rising. When the white MA goes over price then the overall trend is down. when it is going through price then price is in consolidation and you will need to find support and resistance in that zone for scalping or break out.
This indicator setup works on every time frame including on MT4 and MT5 on pc and on your mobile. The settings are a little different so you might have to message me for help. No problem. But otherwise play about with it and back test using replay.
I hope it makes you many pips.
When wondering the trend the cloud will move under price for uptrend and over price for down trend.
When the green line crosses and sits on top of the red line the chart is possibly going to start rising.
When the red line crosses and sits on top of the green line the chart is possibly going to start falling.
The white moving average can be set to all different levels so the tighter it is the tighter the crosses will be but the wider it is then this tells a good story. See when the white MA goes under the chart then it means the overall trend is rising. When the white MA goes over price then the overall trend is down. when it is going through price then price is in consolidation and you will need to find support and resistance in that zone for scalping or break out.
This indicator setup works on every time frame including on MT4 and MT5 on pc and on your mobile. The settings are a little different so you might have to message me for help. No problem. But otherwise play about with it and back test using replay.
I hope it makes you many pips.