PROTECTED SOURCE SCRIPT
{INDYAN} GO WITH TREND V2
מעודכן
This indicator has almost everything for intraday trading . There are two supertrends one with higher time frame and one at lower time frame, Due to which we can recognize reversal. If higher time frame supertrend is showing uptrend and minor is showing downtrend then better to avoid taking any trade in between. Both trend should be in same direction.
Tenkan and kijun is there to verify the trend authencity, check where the tenkan and kijun crossover is there or not at the time of reversal signal given by supertrends. It will boost trading chances.
Also VWAP is placed to know the current situation, If price is below VWAP go for sort if all other things match as above said.
HEMA LEMA is a EMA band and i found that it act as support and resistance, If price breaks channel with volume and sustain above/below for 2 candle close (TIMEFRAME AS SYMBOL).
Also placed FAST EMA to recognize the fast moving trend.
Pivot with CPR is there to trade on basis of CPR and Pivot.
For demand and supply traders, they can use blue and black candle for marking up zones. Blue is boring/base candle and Black is explosive candle.
I hope it will help my trader friends to recognize the trend and reversal.
Let me know if anything more we need to include or remove to make it better for everyone.
Happy Trading... Love INDYAN
#intraday
#hema-lema
#pivot
#cpr
#supertrend_reversal
#demandzone
#supplyzone
#tenkansen
#kijunsen
Tenkan and kijun is there to verify the trend authencity, check where the tenkan and kijun crossover is there or not at the time of reversal signal given by supertrends. It will boost trading chances.
Also VWAP is placed to know the current situation, If price is below VWAP go for sort if all other things match as above said.
HEMA LEMA is a EMA band and i found that it act as support and resistance, If price breaks channel with volume and sustain above/below for 2 candle close (TIMEFRAME AS SYMBOL).
Also placed FAST EMA to recognize the fast moving trend.
Pivot with CPR is there to trade on basis of CPR and Pivot.
For demand and supply traders, they can use blue and black candle for marking up zones. Blue is boring/base candle and Black is explosive candle.
I hope it will help my trader friends to recognize the trend and reversal.
Let me know if anything more we need to include or remove to make it better for everyone.
Happy Trading... Love INDYAN
#intraday
#hema-lema
#pivot
#cpr
#supertrend_reversal
#demandzone
#supplyzone
#tenkansen
#kijunsen
הערות שחרור
Minor Changes in default "Factor" ,Now value can be changed in decimal previously it was add by 1 now 0.1 can be added in factor.הערות שחרור
Minor changes in color codes and Changed fast ema to slow ema of 200 by defaultהערות שחרור
Minor changes in color codingהערות שחרור
Added Aurto Support & Resistancceהערות שחרור
Now it will recognize candle stick and its patternהערות שחרור
Color Code Changed for better view of candle pattern interpretation.הערות שחרור
Color of candle pattern and position of level can be changed from setting.הערות שחרור
Added R4 and S4 Pivotsהערות שחרור
MInor Bug Fixedהערות שחרור
Added auto mark of supply and demand zone (Buying and selling pressure). zone marked in green are demand zone and it act as support and red zones are supply zone which act as resistance.Price action traders will find it usefull.
הערות שחרור
Added RSI= If rsi line above prce it reflect bearishness.Harami and Engulfing are most powerfull candlestick... It show reversal as well as booster to trend. Keep eyes on it.
#Find engulfing in 15 min TF with major trend ... and go with that.
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