here is my first script.
This is the normal 14 period ,
but with a color twist, to make it extremely easy on eyes.
easily spot the strength.
, as you know, shows the strength of the trend.
As short term traders, we need price movement and a strong trend.
How to use this script ?
1. We don't trade when is in the red zone (0-20)
2. We get ready for trading when it enters the blue zone (20-30)
3. We trade when the enters the green zone (>30)
Simple, right !
Now, in the green zone,
in which direction you should trade?
Here are a few links, to help you use as a strategy ,
Other than this, you can combine this with your own strategies.
Personally, I like to use it on stocks on 1H timeframe.
Would love to hear from you.
Please like it to support the project,
and help spread it.