Made up of:
- The 21 and 55 , but these are customisable to be any length and either the: , , , or
- The TD sequential
- zones which are indicated by red and green shaded horizontal areas
The TD numbers 8 and 9 signal a possible turning point, especially if these are coloured yellow.
The green and red areas indicate potential stop loss positions.
This indicator can be used on its own; but for best timed entries I recommend combining it with an oscillator such Stochastics.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.