This is an advanced Indicator comprising of 21 Fuzzy and Quantitative logics running at once, which takes care of a lot of things for a trader, such as: 1> The current Dominant Trend 2> A Good Entry Point 3> A Way to Recover 4> A point to Stop 5> A Method to Book and Trail Profits
The Logics Includes Likes of : > DonchainChannels, Supertrend, Bollinger Bands, ATR, Volume, RSI, Stoch etc....
The main Aim of this Indicator is to help traders trade with Rules, and make money if they follow it correctly. Because One of the most important learnings which I have learnt in my professional trading career is creating a solid trading rule, which takes care of you even if the market is against you!
Another Problem the indicator tries to Solve Is What Securities to Trade for Tomorrow, Traders can plan before day trading and make the strategy towards the instrument in an effective way by just following a few rules, which are Easy to learn!
So Getting into how to Use this Indicator, (U can read the text and see the Video, shared below )
The indicator Comprises of 3 Basic UI Parts 1> Trading Signal 2> Recovery Signal 3> Dominant Trend
Trading Signal This is represented by a triangle (both buy and sell) in (blue and Orange Colors) There are two types of trading signals a> Normal Trading Signal b> Requiring Confirmation Trading Signal (“c” on top/ below of the Candle where signal Came)
The way to trade them is, one can straight away trade a normal Trading Signal, on the High of the Candle, A “Requiring Confirmation Trading Signal” must be traded on the high of the Closing candle above the respective Signal candle, that is a trader must wait for the confirmation candle closing above the high of the Requiring Confirmation Trading Signal Candle.
Recovery Signal A Recovery signal is a sign of recovery the system presents to a trader, when he/she have taken position/ trade as per the trading signal, A recovery Signal helps to identify the time when its good to look for a recovery at breakeven cost or profit, if the recovery is broken,
There are two types of Recovery in the System, 1> Green Recovery Which should be considered as a recovery when a Short Trade is active, it shows the intent of the market to change direction, so a trader while in short trade if he sees a green recovery anytime after his order is filled, he may plan to recover, if the recovery candle is broken, so he can wait to recover at breakeven cost or plan for a stop or book profit if market permits
2> Red Recovery Which should be considered as a recovery when a Long Trade is active, it shows the intent of the market to change direction, so a trader while in long trade if he sees a red recovery anytime after his order is filled, he may plan to recover, if the recovery candle is broken, so he can wait to recover at breakeven cost or plan for a stop or book profit if market permits
Stopping Point and Dominant Trend
So Dominant Trend of the market is represented by a trend Following Line and Area So if Area on Trend Following Line is Red, market’s dominant trend is Bear And if Area on Trend Following Line is Green, market’s dominant trend is Bull
If a trader is in Trade the dominant trend line is considered as a stopping point, if market closes below it, in Long position, one can straight away take a Stop and May reverse trade according to thought process
Provision For Alerts All Trading Signals Bull Trading Signals Bear Trading Signals Green Recovery Signals Red Recovery Signals
Video Examples
What Instruments and Time Frames It Works Works on Every Liquid Instrument and Standard Timeframe (1m to 1month)
How Can u Get Access Only do Private Message to me, use Comment Box for Constructive Comments
What If you Want To learn the Trading Setups of Profitability Only do Private Message to me, use Comment Box for Constructive Comments
Hi Ankit ,reading through the description, I am amazed by the amount careful thought behind this.
It may be a bit early, but I believe this could be your best work yet.
It may be a bit early, but I believe this could be your best work yet.