Here I break down the trading process, and how to trade around the Penta-FRAMA Indicator that I wrote.
There are a total of 5 FRAMA's at work under the hood, 3 of which turn into high and low on slower timeframes. (RED and GREEN)
The ORANGE is on the slower time frame but is much faster at reacting to rapid price movements.
The BLUE is a Tracking FRAMA which is set to a time frame where it should find a medium value along price.
Explore the screenshot and try out the indicator for your trading ideas.
There are a total of 5 FRAMA's at work under the hood, 3 of which turn into high and low on slower timeframes. (RED and GREEN)
The ORANGE is on the slower time frame but is much faster at reacting to rapid price movements.
The BLUE is a Tracking FRAMA which is set to a time frame where it should find a medium value along price.
Explore the screenshot and try out the indicator for your trading ideas.
SNOW_CITY public chat room - Indicator Q&A
www.tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R
www.tradingview.com/chat/
Indicator access information
pastebin.com/v8sp6Y3R