TREND MASTER
Trend Master is designed for perfect trade entries using EMA Cloud, SAR Support Resistance.
One can make exact trade entry and continue trend trading using this indicator using the MA crossover and Support Resistance lines.
False Signals can be easily be eliminated by using proper back testing.
About Indicator.
1.MA Cloud with EMA 12 and 50
2.PSAR support resistance line
3.MACD Crossovers plotted as Red/Green Triangles
4.Background color is same as MA cloud for extra confirmation.
5.Buy/Sell signals are Parabolic SAR reversal signals.
How to use?
1.Switch to HA candles
2.Look for EMA Crossover
3.Price must be above MA cloud
4.Enter Buy/Sell only after MACD signal is formed
5.Price must be above or below the S/R line for
Buy-Above SR Line
Sell- Below SR line
this SR line is generated using the reversal points of Parabolic SAR
Easy Targets of 1:1.5 can be achieved.
False Signals can be easily be eliminated.
Background Trend color Gives additional confirmation of Trades.
One can make exact trade entry and continue trend trading using this indicator using the MA crossover and Support Resistance lines.
False Signals can be easily be eliminated by using proper back testing.
About Indicator.
1.MA Cloud with EMA 12 and 50
2.PSAR support resistance line
3.MACD Crossovers plotted as Red/Green Triangles
4.Background color is same as MA cloud for extra confirmation.
5.Buy/Sell signals are Parabolic SAR reversal signals.
How to use?
1.Switch to HA candles
2.Look for EMA Crossover
3.Price must be above MA cloud
4.Enter Buy/Sell only after MACD signal is formed
5.Price must be above or below the S/R line for
Buy-Above SR Line
Sell- Below SR line
this SR line is generated using the reversal points of Parabolic SAR
Easy Targets of 1:1.5 can be achieved.
False Signals can be easily be eliminated.
Background Trend color Gives additional confirmation of Trades.