PNA_Range - Idetify the Entry and Exit Range
Hello Everyone,
This indicator indicates the Range moving to the direction of the trend.. This is a unique combination of Moving Average, EMA and Trend.
The levels are major marked as "Cross" and for minor levels - the chart indicates Red and Green lines.
HOW IT WORKS
It basically uses Trend to make its buy and sell decisions.
- Best time is suited with 25Mins Timeframe; however one can also view in 30 Mins Timeframes well
- Once the line cross the Range(Cross); and the minor levels are broken - One can enter the trade
TRAILING SL
- One can follow the 8-EMA and 13EMA as Trailing SL
- Ideally the closing has to be done on the line above or below to exit; else one can follow 21MA Moving average
EXTRA ADVICE
It's advised that you use this strategy in addition to MACD and ADX as well...
My TradingView Page:
tradingview.com/u/nirajsaror...
To obtain the access to this scrip - you can personal message me on "nirajsarora"
All the Best!
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact pna_indicator directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact pna_indicator directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.