Blue Sky Day No Repaint
This indicator is a trend following indicator. It is plotted on price chart and the current trend can simply be determined by the background color.
It indicates the direction of the price movement in a market that is trending, that is following any particular path. It is plotted in stock price charts for traders & investor to see marked current trend which is shown in red background when prices have dipped and green background and when prices have risen.
It offers levels for traders to enter and exit trades.
For example when the background color is in green, when prices dip towards the indicator, you can enter or go long at this level, which doubles up as . Similarly, when the background color is in red, price points nearing or touching the indicator can act as levels of resistance.
This indicator can be used on any market. You can use standard or Heikin Ashi Candles (recommended) for getting better accuracy.
How to use
When the background is blue "buy", when the background is red "sell".
Does this indicator repaint?
No, it doesn't.
Can we set up alerts?
Yes, we can.
Can this be used for algo trading?
How to get access to this indicator?
To gain access to the script, send us a direct message.