fhenry0331

Trade Crusher: Swing and Day Trade Indicator

How to use the indicator

Add to favorites/apply to chart.

The indicator can be used for both Swing trade and Intra-day trading.

Swing trading:

--Use with background colors
--Input: 30 or 36
--Time frame: Daily or Weekly
--Buy only when background is aqua
--Sell only when background is red
--Use with bars or candles (use candles without borders to avoid confusion). I suggest to just use bars.
--Place buy orders above the 1st or 2nd blue bar after black bars. The background must be aqua.
--Ignore yellow bars with aqua background. They are shake out bars at the beginning or a trend and warnings of reversal
towards the end of trend.
--Place sell orders bellow the 1st or 2nd yellow bar after black bars. The background must be red.
--Ignore blue bars with red background (same as above).
--Black bars are nothing: Pullbacks/Chop

Day Trading:

--DO NOT use background colors. Un-click.
--Input: 10
--Time frame: 5 minutes
--Use with bars or candles (use candles without borders to avoid confusion). I suggest to just use bars.
--Place buy orders above the 1st or 2nd blue bar after black bars.
--Place sell orders bellow the 1st or 2nd yellow bar after black bars.
--Utilize some sort of scanner that can identify stocks with heavy pre-market volume (news, earnings , etc)

***

Use stop losses however you normally do. Take profits however you normally do.

I do not suggest using with other indicators as you may just paralyze your brain, however, if you find something that works, drop a comment.

Best of luck


הסר מסקריפטים מועדפים הוסף לסקריפטים מועדפים
nice indicator I wonder how well this would work with chop and explode
השב
fhenry0331 bitcoinillumminated
@bitcoinillumminated, Thank you.

Personally, I would use them separately: Chop and Explode is more geared towards the end of a move, the exhausted up or down move of a trend. I use it for short in and out trades. Trade Crusher, you can get in a trade a little earlier and hold a little longer. Just my opinion.
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