Traffic Light Signal (TLS) is simple and most easy setup to trade.
How The Traffic Light Signal Works ?
First You have to find a Green and red candle pair or red and green candle pair then mark there highest high and lowest low with the help of line tool. if High breaks go for Buy and when low breaks go Sell. Avoid Doji candle Pair to get better result....
The traffic light indicator is designed to be as simple as possible to avoid the steep learning curve that comes with many other indicators.
- A Green Circle indicated the price is likely to go up.
- A Red Circle indicates to price is likely to go down.
- A Yellow Circle means there's some indecision and you should consider tightening stops or taking profits if...