This is a Simple Indicator which shows buy and sell signals based on MACD and SSL channel. It is not a Holy Grail Indicator. It shows a lot of false signals when the market is Consolidation Zone. So don't use this indicator to place trades based on signals given by the indicator. Use this as a confluence along with your technical analysis On lower timeframes there are a lot of signals so to eliminate false signals , get a signal on higher timeframe and place a trade in the direction of the trend on lower timeframe.
indicators lie. If the indicator was right all of the time like that everyone would be a rich. the indicator auto corrects itself after it was wrong.
a_guy_from_wall_street
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@dylanbeard206, I completely agree with you bro. I my self don't use indicators . This indicator is not meant for placing trades. Price tells indicators what to do . so it is not good idea to trust them. This indicator is just made for adding a little confluence. The signals given by the indicator are too late to place a trade on but they are good for topping up your existing trade. I have also mentioned this in description.