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Dragon and Trend
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This Dragon Band and trend line indicators are based off Sonic R System using the Exponential moving average indicator with a period of 34 and 89 respectively.
Using this indicator along with Price Volume Support Resistance Analysis (PVSRA) can help in identifying a classic or scout setup to time your entry into a trade.
Using this indicator along with Price Volume Support Resistance Analysis (PVSRA) can help in identifying a classic or scout setup to time your entry into a trade.
Release Notes
This Dragon Band and trend line indicators are based off Sonic R System. The Sonic R Dragon is based upon 34 EMA averaging of close prices with with high/low prices defining outer edges. The Sonic R Trend is based upon 89 EMA averaging of close prices. This indicator is highly recommended to be used with the Sonic R PVA Candles and Volume indicators, along with Price Volume Support Resistance Analysis (PVSRA) to help identify a classic or scout setup to time your entry into a trade.
Credits to traderathome and Fish for the indicator in MT4
Release Notes
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