Master is a trend indicator that uses Bollinger Band (BB) and Exponential Moving Average ( EMA ) as its main components.
1️⃣ Two EMA lines are used to create the band, which are EMA 8 and EMA 21 When EMA 8 value > EMA21 value, the band color is filled with green and when EMA 8 < EMA21, band is grey Green means uptrend mode and grey downtrend mode.
2️⃣ EMA50 (purple color) EMA50 act as a trend indicator, which indicates whether the chart is uptrend or downtrend
3️⃣ Simple Moving Average (SMA200), red line act as a long-term trend guide. Chart is in strong uptrend when candles are above EMA50 and SMA200
4️⃣ There are 5 signals generated that act as signals to help traders (Bursa Malaysia) in making decisions for Long position.
🔸BUY Signal (B) and SELL (S) - generated using ATR with default setting set to, ATR Length = 20 , and ATR Multification = 1.7 - trader can make Buy position from that candle or monitor and enter enter after few candle after BUY Signal - SELL (S) signal is exit signal = red candle, when it break ATR Trailing stop
🔸PB Signal - signal generated using Stochastic and when candle rebound from EMA10, EMA20 and EMA50 - this is the most safest Entry since it nearest to support area
🔸BO5 ( Light Green Candle ) - When candle breakout the highest previous five candles with significant volume - Indicates that there's a sign of interest in buying power in the market - Another opportunity to enter the market either at the current candle or wait for the right time when it retraces
🔸BO20 ( Green Candle ) - When candle breakout the highest previous twenty candles with significant volume - In daily chart this candle is consider very important as it is the highest monthly candle.
v. ATOM ( Yellow Candle ) - when candle able to break the LineAtom - LineAtom = sma (close, 20) + (1 * stdev(close, 20)) - ATOM candle indicates there is momentum for candle to move forward towards Top BB
5️⃣ Other Features from Indicator : 🔹Built-in Gann Lines - Gann Lines is generated from the calculation and reference of Gann Square 9 Table - It act as a guide for support and resistance . - Exit position when it breaks the support or as Take Profit (TP) when it reaches the desired resistance.
🔹Tables - showing the value of All Time High and 52-Week-High - show the estimation value of current trade ( volume * close price ) - show the value of volume relative
🔹Golden Cross and Death Cross - act as guide when there's a crossing between short EMA and long EMA lines - Below are pair of EMAs used : 🔘EMA5 and EMA20 🔘EMA20 and EMA50 🔘EMA50 and SMA200
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- Minor Update and Updated to V5
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Gann Lines Adjustment : Solid Line = Stronger Resistance/Support Dashed Line = Resistance/Support
Would it be possible to have access to in indicator please ?