The moving averages change color becoming green or red if there is a in green or a in red.
There are few ways to use this indicator.These two is what I found easier, please back test it and share your thoughts.
1. When the cloud is red and the candle is outside the cloud and the candle become red it s a sell entry.
When the cloud is green and the candle is outside the cloud and become green it s a buy entry.
2.The moving averages can be used as dynamic .In a red cloud if a candle stop exactly where there is a moving averages and the next candle is a candle it s a sell entry.
In a green cloud if a candle stop exactly where there is a moving averages and the next candle is a candle it s a buy entry.
The exit is when the bar is not colored anymore or if the bar close below/above the second moving average from the top/from the bottom
Please look as well the blue moving averages that could work as dynamic support/resistance
VERY IMPORTANT WHEN YOU TRY A NEW STRATEGY TEST IT IN A DEMO ACCOUNT FOR AT LEAST 3 MONTHS
Every donations will be devolved to cancer research and you ll have one month free trial.
If you want to purchase this indicator 30% will be devolved to cancer research.
Please leave a comment or message me if you want you have two weeks trial.
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Itakepips for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.
Warning: please read before requesting access.
As well you can have access in our website https://itakepips.com/