Tenkan and kijun is there to verify the trend authencity, check where the tenkan and kijun crossover is there or not at the time of reversal signal given by supertrends. It will boost trading chances.
Also is placed to know the current situation, If price is below go for sort if all other things match as above said.
HEMA LEMA is a band and i found that it act as , If price breaks channel with and sustain above/below for 2 candle close (TIMEFRAME AS SYMBOL).
Also placed FAST to recognize the fast moving trend.
with CPR is there to trade on basis of CPR and .
For demand and supply traders, they can use blue and black candle for marking up zones. Blue is boring/base candle and Black is explosive candle.
I hope it will help my trader friends to recognize the trend and reversal.
Let me know if anything more we need to include or remove to make it better for everyone.
Happy Trading... Love INDYAN
Price action traders will find it usefull.
Harami and Engulfing are most powerfull candlestick... It show reversal as well as booster to trend. Keep eyes on it.
#Find engulfing in 15 min TF with major trend ... and go with that.
This script has option to enable/disable the things as per your need. For update you can choose version from pine script. and for updated version simply reinstall the script, it will be replaced with latest updated one,
Hope it helps you...
Have a small request for you. Can you add 3 SMA and 3 EMA with standard setting as 20/50/200 and allow the user to change its value as per his/her need/strategy.
Also along with pivots, can you add Previous day High / Low. Pls reply when free.
Overall you have done a WONDERFUL JOB.