This script is an implementation of a well known Bollinger band + ADX retracement strategy for 1min to 15min charts. This variation uses my own settings, a market direction filter and has an alert that can be added to your trading alarms.
I have a doubt on this indicator could you please explain about black transparent vertical area. Is it retracement zone or no trade zone also will it repaint once formed.
Thanks in advance.
Allen
JustUncleL
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@aaru0404, The Black area represents the no-trade zone. This indicator does not use any forward references, so once the candles are closed there is no repainting.
UtterOnceOlufayo
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JUSTUNCLE DO U ACTUALLY GET YOUR ALERT TO SOUND?
JustUncleL
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@UtterOnceOlufayo, Yes, but you have to enable it when add the Alert to your alarms in "Manage Alerts" panel in Tradingview.
emmanueldesk
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I use several indicators depending on what im trading, this is great for binary options on the Nadex platform, work very well for me
I have a doubt on this indicator could you please explain about black transparent vertical area. Is it retracement zone or no trade zone also will it repaint once formed.
Thanks in advance.
Allen