Buy on Green and Sell On Red

Hello Guys,

This indicator is developed based on the confluence of other indicators and also price action movement.

There in this script we have used Supports and Resistance and works for Multi Time frame. While you can see it very carefully We have provided all the levels such as support levels one, two, and also Resistance levels one and two. Apart from this, we have also used daily and weekly and monthly pivot for better performance.

A large part of the script has been developed self is not open-source therefore I would like to publish the script privately.

The script makes use of Central Pivot Level and the previous day, High Low. Which gives us a better insight into price action
This is a Support Resistance script that uses the Multi Time Frame. While getting Close/Open/High/Low values of Higher Time Frames the script does use the Security function.

The script works in a multi time frame as mentioned earlier, But it works great on a smaller time frame such as 5 min,3 min, and 1 min.
Though I have tested it for logo term as well and found it to be impressive you need to be cautious while applying it on higher time frames.

Different colors have been used for every level which makes it easier to identifies the correct levels.

Based on the confluence of indicators the buy or sell arrows are formed which gives confirmation on taking the trade.

How to Trade using the indicator

Buy: Whenever the candles are green and at the same time green an arrow is formed.
Sell: Whenever the candles are red and at the same time red arrows are formed.

the green and red pyramids/ triangles forming when the trend is in our direction give us a better chance of making bigger profits.

Disclaimer:

Before making any trade contact the author and do check with the past performance. We won't be responsible for any of your losses or profits you have to trade based on your rise to the reward ratio.