Hello traders, here is a [NON REPAINT ] indicator which is based on a strategy I found on a forum. I hope you will find it useful.
Rules to Follow:
1) Wait for signal . Signal appears at 9:30. (New York time)
2) Wait for price to mitigate the zone
3) Sell anywhere in this range after or during zone mitigation.
4) Keep stop Wide to avoid getting stopped out.
5) Target the previous liquidity with minimum 3RR.
6) Look for opposite trade if zone fails to hold , with proper analysis
Note :
1) This Indicator is made specifically for US30 and US100 (Indices) but can be used with other pairs as well (need back testing)
2) I would not recommend to place the trade right away as soon as signal appears , wait for liquidity to be taken out and place a trade after confirmation.
3) Trades can be placed below the zone as well but the probability of entry may decrease ,while increasing the accuracy.
4) Use timeframe <= 5 min to take entries.
Trade scenarios
Perfect trade :
Price failed to hold, you got stopped out and market changes direction :
Price respect zone in future:
リリースノート
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Added rules windows to make it easy to understand.
リリースノート
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Added color changing candles .
You might not see the changes when turning the settings on Because the default chart overlays over the indicator. Follow the guide to make it visible:
リリースノート
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Made some major changes. The problem with last version was that it wasn't compatible with all tickers because of time difference and session timing. So in this version there is a dedicated option provided so that you can change the timing and check which timing fits the best to a particular ticker. Now it support almost every pair, stocks, index and commodity. If it don't show anything you just have to adjust the timing in the zone settings.
@hiimannshu, yes, i saw it on Friday for SUSHIUSDT, on 5min timeframe - after candle close signal was BUY, two candles later it was sell.
a_guy_from_wall_street
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@bazuxtrade, this happens rarely that's why I have mentioned in rules that don't take trades immediately because it take time to calculate things in case of crypto. The signals are just representation, the real thing is the zone. To eliminate this problem I have added color changing candles in the new update. I would suggest you to backrest and forward test it properly, don't go with just one or two signals.
bazuxtrade
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@hiimannshu, sure, will do, but if signal is changing from one side to opposite that is means that indicator is repainting