INVITE-ONLY SCRIPT
MA Cloud with Fill
MA Cloud with Fill
This is a powerful custom indicator that uses 3 Moving Averages with a 4th Constant 200 MA (can be customized)
This tells you what the market is doing, and what the overall trend of the market is. A good Swing trade or Day trade indicator.
This indicator works on all markets, it was made and based off of normal candles but heiken ashi works fine, it does not repaint and the recommendations for the indicator is as follows..
Best timeframes to use: 5min, 15min, and 1hr. But any timeframe can be used.
Best settings: the preset settings are what I recommend, depending on trading strategy (I swing trade) you can remove the Buy and Sell labels and just use the strong signal and trend confirmations to make the best trades.
Alternate recommended settings are in the settings tab of the indicator. The slashes represent different settings you can adjust to..
(Example:)
Fast MA: 10/20/30
Mid MA: 12/25/35
Slow MA: 50/60/70
Use 10,12,50 together... use 20,25,60 together... use 30,35,70 together.. etc...
There are multiple labels and reading them correctly takes an experienced eye. This will be updated continuously to filter bad signals or to add strong signals!
Buy and Sell signals are good entry or exit points depending on the overall trend.
These occur when the Fast MA crosses over(BUY) or under(SELL) the Mid MA
They can alert when a trend may reverse or a good take profit point or a good place for a new stop loss if trend continues.
The BEST Buy and Sell Signals are when the...
BUY is in the fill (between fast ma and slow ma) or above fast MA
SELL is in the fill (between fast ma and slow ma) or below the slow MA
Strong Buy and Strong Sell signals are even better but more swing trading entry points
These occur when the Fast MA(lime) crosses over(BUY) and the close is over the Fast MA or under(SELL) the Slow MA and close is under the Slow MA
These Strong labels are showing a trend change in the market for the timeframe you are looking at.
The General Bullish and Bearish signals are some of the best signals and show a confirmed trend in the market. These can be effective to trade on alone, otherwise good for confirming a position.
These occur when the Fast MA crosses over (BULLISH) the constant MA (200) or under (BEARISH) the constant MA (200)
The Strong Bullish and Bearish signals are the strongest signals for this indicator.
These occur when the Fast MA crosses over (BULLISH) the constant MA (200) and the close is over the Fast MA or under (BEARISH) the constant MA (200) and the close is under the Slow MA.
Background colors of aqua and red are showing the same general bullish or bearish signals, and can be effective if you want to see that trend change without having the labels showing up.
There are settings available to color the bars depending on the trend.
Green if Fast MA is over the Slow MA and the close is above the Fast MA
Red if the Slow MA is over the FAST MA and the close is under the Slow MA
Gray is when the close is opposite of the trend and between the fill
Purple is when the close is opposite of the trend and is Below the opposite corresponding MA (Above Fast MA when bearish, Below Slow MA when Bullish)
You can also change the fill color between the Fast and Slow MA which colors the fill the same as bar colors but the purple will be a light shade of black in the fill.
There are also Pivot Labels and Alternative Tops and Bottoms signals which are betting opposite of the indicators and can be useful for daytrades to see potential reversals. These are very risky and not recommended to trade on.
These are more for seeing if your trend is holding strong or if there could be a potential reversal in the next few bars if you are looking to exit.
Updates are always being made and I'm betting some of you will be able to find even better stronger settings to put in. The recommended settings are just what I personally have noticed that works best, but all inputs can be customized!
Safe Trading Strategy:
Go to settings and uncheck the buy and sell signals.
(up to you) uncheck the strong buy and strong sell signals.
You will be left with the bullish and bearish signals of both general and strong and these have proven to be some of the strongest trades to take.
If you keep the strong buy and strong sell, these can be good to enter a new position or exit a previous position, depending if bullish or bearish trend confirms but some of these can be false overall trend signals and I do recommend using a different indicator to confirm the reversal or confirmation (RSI, MacD, etc..)
Want to use this indicator or wondering how to add to your chart? DM me or join the link in my profile to get a glimpse at what is all available!
We are all in this together and the more one gains, the more we all succeed!
This is a powerful custom indicator that uses 3 Moving Averages with a 4th Constant 200 MA (can be customized)
This tells you what the market is doing, and what the overall trend of the market is. A good Swing trade or Day trade indicator.
This indicator works on all markets, it was made and based off of normal candles but heiken ashi works fine, it does not repaint and the recommendations for the indicator is as follows..
Best timeframes to use: 5min, 15min, and 1hr. But any timeframe can be used.
Best settings: the preset settings are what I recommend, depending on trading strategy (I swing trade) you can remove the Buy and Sell labels and just use the strong signal and trend confirmations to make the best trades.
Alternate recommended settings are in the settings tab of the indicator. The slashes represent different settings you can adjust to..
(Example:)
Fast MA: 10/20/30
Mid MA: 12/25/35
Slow MA: 50/60/70
Use 10,12,50 together... use 20,25,60 together... use 30,35,70 together.. etc...
There are multiple labels and reading them correctly takes an experienced eye. This will be updated continuously to filter bad signals or to add strong signals!
Buy and Sell signals are good entry or exit points depending on the overall trend.
These occur when the Fast MA crosses over(BUY) or under(SELL) the Mid MA
They can alert when a trend may reverse or a good take profit point or a good place for a new stop loss if trend continues.
The BEST Buy and Sell Signals are when the...
BUY is in the fill (between fast ma and slow ma) or above fast MA
SELL is in the fill (between fast ma and slow ma) or below the slow MA
Strong Buy and Strong Sell signals are even better but more swing trading entry points
These occur when the Fast MA(lime) crosses over(BUY) and the close is over the Fast MA or under(SELL) the Slow MA and close is under the Slow MA
These Strong labels are showing a trend change in the market for the timeframe you are looking at.
The General Bullish and Bearish signals are some of the best signals and show a confirmed trend in the market. These can be effective to trade on alone, otherwise good for confirming a position.
These occur when the Fast MA crosses over (BULLISH) the constant MA (200) or under (BEARISH) the constant MA (200)
The Strong Bullish and Bearish signals are the strongest signals for this indicator.
These occur when the Fast MA crosses over (BULLISH) the constant MA (200) and the close is over the Fast MA or under (BEARISH) the constant MA (200) and the close is under the Slow MA.
Background colors of aqua and red are showing the same general bullish or bearish signals, and can be effective if you want to see that trend change without having the labels showing up.
There are settings available to color the bars depending on the trend.
Green if Fast MA is over the Slow MA and the close is above the Fast MA
Red if the Slow MA is over the FAST MA and the close is under the Slow MA
Gray is when the close is opposite of the trend and between the fill
Purple is when the close is opposite of the trend and is Below the opposite corresponding MA (Above Fast MA when bearish, Below Slow MA when Bullish)
You can also change the fill color between the Fast and Slow MA which colors the fill the same as bar colors but the purple will be a light shade of black in the fill.
There are also Pivot Labels and Alternative Tops and Bottoms signals which are betting opposite of the indicators and can be useful for daytrades to see potential reversals. These are very risky and not recommended to trade on.
These are more for seeing if your trend is holding strong or if there could be a potential reversal in the next few bars if you are looking to exit.
Updates are always being made and I'm betting some of you will be able to find even better stronger settings to put in. The recommended settings are just what I personally have noticed that works best, but all inputs can be customized!
Safe Trading Strategy:
Go to settings and uncheck the buy and sell signals.
(up to you) uncheck the strong buy and strong sell signals.
You will be left with the bullish and bearish signals of both general and strong and these have proven to be some of the strongest trades to take.
If you keep the strong buy and strong sell, these can be good to enter a new position or exit a previous position, depending if bullish or bearish trend confirms but some of these can be false overall trend signals and I do recommend using a different indicator to confirm the reversal or confirmation (RSI, MacD, etc..)
Want to use this indicator or wondering how to add to your chart? DM me or join the link in my profile to get a glimpse at what is all available!
We are all in this together and the more one gains, the more we all succeed!
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