This indicator uses modified Bollinger Bands & Ichimoku Clouds to generate the best opportunities to buy & sell
Works best on lower timeframes, so if you're a day trader or scalper, this indicator is for you
I recommend using anywhere from 5 minute, 15 minute, 1 hour, to 2 hour timeframe to give you the best opportunities on entry & exit price
Obviously mix in your own technical analysis such as support, resistance, and trendlines in addition to using this indicator to make a decision on whether to buy or sell.
This chart here looking at the 1H chart of S&P500 (SPX), you can clearly see that the indicator called the top as well as these miniature swing highs and lows.
To add this indicator to your chart, simply press the 'like' button and it will be added to your favorites under the 'Indicators' tab at the top of your chart.
Please let me know if you have any questions or concerns regarding this indicator, as well as feedback on using it whilst trading.
careful with the long / short signals, they trigger the wrong way round compared to the buy/sell labels on the chart!! seems a very silly mistake and should be fixed
zakoraio
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Incorrect alerts, they are fired in opposite direction, but a great indicator otherwise.
EugenBee
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Can't actually understand why the color of indicator changes when I reload the page. This happens even if the candle with the signal has already closed. Help please.
egwenealvere
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What a cool script! Is there any way to add alerts when the buy/sell gets triggered?