This is a great analysis and scalping tool for day trading on low timeframes (5-15 minutes) or to plan swing trades on hourly timeframes. It can be used also on high timeframes just for analysis current market trend.
The indicator plots a series of levels which create a nice bands flow. The slope of levels make you easily understand when price is in consolidation, in uptrend or in downtrend.
The golden rule is always the same: buy low and sell high. This indicator plots:
3 "price is low here" levels (from dark green to light green)
3 "price is average here" levels
3 "price is high here" levels (from purple to orange)
You can find more details on how to use the indicator in the description of V1. Please, always remember that:
when bands are flat, price is in consolidation and this is best condition to trade with nova bands
when bands get nearer and nearer is called "Bands Squeeze": price is next to a main breakout move, volatility is coming!
The basic improvement in V2 is a different way to calculate the bands based on different timeframe resolution, default is setup to daily timeframe for example.
A trader who wants to be a winner must understand that money and risk management are very important, so manage your position size and always have a stop loss in your trades.
This is a premium indicator, so send me a private message in order to get access to this script.
I would love a trial of this too please. You seem to have similar strategies you like to consider so I may just end up using your scripts instead of wasting time on my own!
astropark
⋅
Hi @Spehmann,
please check private DM chat
cryptofutures2021
⋅
hello, can you please provide trail access to my id : cryptofutures2021
AMAN42252
⋅
pls provide this script.. eager to learn ..thanks and regards
hamiddindar12661330
⋅
Hello, I am Hamid from Iran I am a poor and penniless person and I can hardly afford to live and study It is possible for you to give me this indicator for free for a month Thank you for your help