input – default 14
Colour – Aroon up – green – Aroon down red
So when the aroon up intersects with the aroon down from below this is a signal to buy
So when the around down intersects with the aroon up this is a signal to sell
Bollinger bands default 20 – works like an elastic band
Remember in a up trend the middle band becomes the new line...
Cmo + fisher transform + Bollinger bands
The fisher transform is a sentiment indicator
Lets get the settings up:
our fisher line is blue our trigger line is orange
1.5 is red
0.75 is orange
0 is yellow
0.75 is mint green
1.5 is dark green
So were looking to use this in a trending market so we are looking for a sell if
it hits the yellow line 3 min sell...
What we are looking for ? (4 & 1 hour time frame combined )
sharp shifts in momentum
Supply = Selling - Located around resistance.
Demand = Buying - Located around support.