New indicator I've been playing around with.
Basically, if the candles are above the band, than you should be in a long position (daily) and if your candles are below the band, your should be in a short position...
The width of the band changes based projected highs and lows.
If its transparency is based off volume but I need to rework it somehow :-/
Right now, transparency shows you should close your position.
light green = beginning of bullrun
Yellow is ema strong up
What do you all think?
Basically, if the candles are above the band, than you should be in a long position (daily) and if your candles are below the band, your should be in a short position...
The width of the band changes based projected highs and lows.
If its transparency is based off volume but I need to rework it somehow :-/
Right now, transparency shows you should close your position.
light green = beginning of bullrun
Yellow is ema strong up
What do you all think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.