PROTECTED SOURCE SCRIPT
WaveMaster
מעודכן
This indicator created with combination of 2 different indicator, momentum and Inchimoku Kinko Hyo.
It replicates the result of Moving Average(5) added to RSI indicator window to identify the end of a trend and reversal,
under strict condition and unique application on mobile phone.
But with more accuracy and reduced false signals.
Tested markets: DOWJONES/US30, S&P500, CURRENCY, Commodities: GOLD, BRENT & WTI.
For Intraday & Swing Trader.
How to use:
Two key signal levels, Overbought / Oversold level.
1. When the line touch Overbought level, go Short.
2. When the line touch Oversold level, go Long.
Timeframe: M5, H1 & H4
**After the line cross the signal level. You can wait for more confirmation such
ABC pattern, engulfing or additional MA crossing.
When to execute entry?
For example: So when line touch the signal level lets say it a Long signal, wait for ABC pattern, when you saw a complete wave of A and it making wave B,
use Fibonacci Retracement from the first point (B)(High) to second point (A)(Low), set BUY LIMIT at 50% of Fibonacci Retracement level for smaller risk, or wait for
wave C to break above the HIGH of wave B at 100% of Fibonacci Retracement level to instantly BUY at current price to confirm the ABC pattern.
When to exit your position?
1) Exit your trade when the line touch Overbought level, indicates the bullish is weakens.
2) Exit your trade when the price touch Fibonacci Retracement level of point B to A,
at these 3 level 161.8% / 261.8% / 423.6% (Take Profit level)
It replicates the result of Moving Average(5) added to RSI indicator window to identify the end of a trend and reversal,
under strict condition and unique application on mobile phone.
But with more accuracy and reduced false signals.
Tested markets: DOWJONES/US30, S&P500, CURRENCY, Commodities: GOLD, BRENT & WTI.
For Intraday & Swing Trader.
How to use:
Two key signal levels, Overbought / Oversold level.
1. When the line touch Overbought level, go Short.
2. When the line touch Oversold level, go Long.
Timeframe: M5, H1 & H4
**After the line cross the signal level. You can wait for more confirmation such
ABC pattern, engulfing or additional MA crossing.
When to execute entry?
For example: So when line touch the signal level lets say it a Long signal, wait for ABC pattern, when you saw a complete wave of A and it making wave B,
use Fibonacci Retracement from the first point (B)(High) to second point (A)(Low), set BUY LIMIT at 50% of Fibonacci Retracement level for smaller risk, or wait for
wave C to break above the HIGH of wave B at 100% of Fibonacci Retracement level to instantly BUY at current price to confirm the ABC pattern.
When to exit your position?
1) Exit your trade when the line touch Overbought level, indicates the bullish is weakens.
2) Exit your trade when the price touch Fibonacci Retracement level of point B to A,
at these 3 level 161.8% / 261.8% / 423.6% (Take Profit level)
הערות שחרור
This indicator created with combination of 2 different indicator, momentum and Inchimoku Kinko Hyo.It replicates the result of Moving Average(5) added to RSI indicator window to identify the end of a trend and reversal,
under strict condition and unique application on mobile phone.
But with more accuracy and reduced false signals.
Tested markets: DOWJONES/US30, S&P500 , CURRENCY, Commodities: GOLD , BRENT & WTI.
For Intraday & Scalper.
How to use:
Two key signal levels, Overbought / Oversold level.
1. When the line touch Overbought level, go Short.
2. When the line touch Oversold level, go Long.
Timeframe: M5 & H1
**After the line cross the signal level. You can wait for more confirmation such
ABC pattern, engulfing or additional MA crossing.
When to execute entry?
For example: So when line touch the signal level lets say it a Long signal, wait for ABC pattern, when you saw a complete wave of A and it making wave B,
use Fibonacci Retracement from the first point (B)(High) to second point (A)(Low), set BUY LIMIT at 50% of Fibonacci Retracement level for smaller risk, or wait for
wave C to break above the HIGH of wave B at 100% of Fibonacci Retracement level to instantly BUY at current price to confirm the ABC pattern.
When to exit your position?
1) Exit your trade when the line touch Overbought level, indicates the bullish is weakens.
2) Exit your trade when the price touch Fibonacci Retracement level of point B to A,
at these 3 level 161.8% / 261.8% / 423.6% (Take Profit level)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.