Simply put, You will get a red light/circle to stop your long trades, and you will get a green light/circle to go for your long trades.
If you'd like to complicate things, you can also look for breakouts of downtrends after seeing the red light. (Channel breakout tool would be helpful here)
This indicator can make & save you a lot of money. Take a look at the example I posted ( ANPC on June 18th, 2021 ). A lot of people were just hoping for it to reverse as it fell, but it continued to fall and fall. And if you had my indicator, you would have known to stop your long trades during that downtrend in the middle of the day. Short sellers banked on it. This is just one example. The opposite is true for many stocks that have a very day. BTBT on July 26th, 2021 had a green light/circle the entire day.
Note: If a sideways trend occurs, you might see consecutive different signals. Also feel free to the signals in addition or in substitute of the slow signals.
This indicator comes with :
- Background color to give overall trend (fuschia - strong downtrend, red - weak downtrend, green - weak uptrend, lime - strong uptrend)
- (3 different appearances)
- Price-Volume Divergence
- Parabolic Stop & Reverse
- Information Panel (Useful information here - 3 different variations simple/complex/ ratio)
- Candle Colors (for the location in the bands)
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 photoshopking for more information, or follow the author's instructions below.
Please note that this is a private, invite-only script that was not analyzed by script moderators. Its compliance to House Rules is undetermined. TradingView does not suggest paying for a script and using it unless 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 Community Scripts.
If you'd like access to my indicators, feel free to contact me using the info below: e-mail: email@example.com snapchat: lecrosel discord: CroSel#5103 instagram: crosel1 tradingview: photoshopking
Warning: please read before requesting access.