1. Red Candle - Indicate that the market share is in a bearish trend and sell signal is triggered. It is when the price breaks certain support(referring to channel indicator) then the candle will turn to red.
2. Green Candle - Indicate that the market share is in a bullish trend and buy signal is triggered but still needs another confirmation indicator. It is when the price breaks certain resistance(referring to the channel indicator) then the candle will turn to green.
3. Purple Line - It is a moving average that indicates the lifeline of the market shares. Traders also can use the line as support.
4. Black Line - It is a moving average that indicates the long term trend for the market shares.
5. Red Fill - The fill will turn red when two moving average crossunder each other. It is customized to fill and the colors also can be changed to make the indicator more interesting to users.
6. Green Fill - The fill will turn green when two moving average crossovers each other. It is customized to fill and the colors also can be changed to make the indicator more interesting to users.
How to use the indicators?
There are two lines that need to be focused on this indicator which is the Purple Line and Black Line. When the Purple Line crossover Black Line, the momentum of the market share will start and usually the price will move upwards. Users can try to use this indicator and wait for volume in when the Purple Line is nearing the Black Line or both lines crossover each other. However, this indicator still needs other indicators for confirmation before clicking buy.
This indicators best to be used in timeframe 5minutes(tf5m), timeframe 30minutes(tf30m), and timeframe 1hour(tf60m).