Here is one more very simple to use LongBuyLongSellIndicator for trading. Details are given above in the chart.Happy trading.
This indicator can be used for very long term trading in any time frame. This is designed to avoid many noise in between the trade.
This indicator does not require any additional indicator setup ;as like traders do in price action trading ,just need to follow the colors for trading .
Always remember Black to Blue transition BUY (or cover the short position)
Blue to Black transition SELL(or cover the buy position)
Do not trade in the middle and ignore other colors if appear in the chart
Other Indicator that may be useful:
Access is through invite only
Only two rules and very simple to use
BUY or short cover When ?
if the Blue BAR appears and line cross from above to below in the current candle
SHORT or SELL cover when ?
If the Black BAR appears and line crosses below to above in the current candle
Can be applied in any time frame. Back-tested accuracy is 90%
The advantage of this indicator ,This will avoid all noise and provide best entry and exit for both BUY /SELL or short/short cover orders. This is the magical indicator can be used in any script and in any market.
BUY ENTRY and SELL ENTRY BAR backround color added
ALERT notification code for BUY and SELL is added as two individual alert
Video explaining How to use this indicator ,link is below
Video explaining How to use this indicator,alert setting,link is below;
No need of adding any confirmation indicator VersionRevised(V124) .One indicator is sufficient for all trade in all markets
1. Rulese and Strategy are same
2. Strengthmeter enhances the Entry and Exit to greater winning ratio
3. Watch the video added so far ,Go through the release notes and comments for more clarity
4. It wont repaint
5. Greater than 1hr it works good ,D ,W time frame is really great
Do not use for lesser timeframe still it might work though .
Like the indicator if you wish ,Feedback and provide the update in the comment section.
Dn Chance for FALL ,Up Chance for Raise text in the candles are very key in the strength indicator ;this will maximize the profit
Use this indicator with PnF(PointandFigure ) and Renko chart for great winning ratio.
Declaimer : Trading Involves Risking the money any Profit/Loss is of Traders Responsibility.
Use the Strength meter numbers displayed in the chart to take right entry of Long and short calls.This is very very important to be successful.
Google "LongBuyLongSell" 6min video explaining everything in 1080p format there.
Like ,Comment the idea and support us.
1.Alert Set by user for Candle Color change (Transition Color) Red to Green or Blue to Black vice versa
2.Alert Set by user for Background color change Red to Green or Green to Red
3.Alert set by user for StrengthMeters if the 1 2 3 (P+ D+ / P- D-) and Up/Dn Likely combination is greater than 4 and lined up within two candles.
4. User-friendly Format/Setting changes and Color change option in "Style" area.
5. Single Setup for all Candle,OHLC,Point and Figure,Line-break,Renko,Range,Heikin Ashi chart,Parameter customization for Background Setting
Note : User can use this for Manual Trading /Not automated for BOT trading. Results are Manually testable only. Back-test only Manual.
If you like the script and if this useful like comment share.