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Collar Color Indicator

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The collar color ribbon indicator uses 4 different colors to help you deciding what to do with your position.
It uses a combination of MACD , RSI , SMA5 and SMA20 indicators to predict possible changes stock movement.

Green color
The indicator displays green when the RSI > 50, the MACD > 0 and the SMA5 > SMA20
Green indicates an upward ( bullish ) trend
When your long position is protected by a PUT option, the first green signal (after a series of 'non' green signals) indicates you could sell your PUT option as the trend becomes bullish .
In case of a short position, you should be protected by a CALL option

Yellow color
The indicator displays yellow when 1 of 3 the 'green' conditions aren't met
Yellow indicates that an upwards ( bullish ) trend is weakening or that a downwards ( bearish ) trend is strongly transitioning towards an upward ( bullish ) trend
If going short then you should consider buying a CALL option to protect your position

Orange color
The indicator displays orange when 2 of the 3 'green' conditions aren't met
Orange indicates that an upwards bullish trend is strongly transitioning towards a downwards bearish trend or that a downwards ( bearish ) trend is weakening
If going long then this you should considering buying a PUT option to protect your position

Red color
The indicator displays red when none of the 'green' conditions are met
Red indicates an downwards ( bearish ) trend
When your short position is protected by a CALL option, the first red signal (after a series of 'non' red signals) indicates you could sell your CALL option as the trend becomes bearish .
In case of a long position, you should be protected by a PUT option
Release Notes: The Collar signal ribbon uses 4 different color signals to help you deciding what to do with your position.
It uses a combination of MACD , RSI , EMA5 and EMA20 indicators to predict possible changes stock movement.

Green signal
The indicator displays green when the RSI > 50, the MACD > 0 and the EMA5 > EMA20
Green indicates an upward ( bullish ) trend
If your long position is protected by a PUT option, the first green signal (after a series of 'non' green signals) indicates you could sell your PUT option as the trend becomes bullish .
In case of a short position, you should be protected by a CALL option

Yellow signal
The indicator displays yellow when 1 of 3 'green' conditions aren't met
Yellow indicates that an upwards (bullish) trend is weakening or that a downwards ( bearish ) trend is strongly transitioning towards an upward (bullish) trend
In case of a short position you should consider buying a CALL option to protect your short position

Orange signal
The indicator displays orange when 2 of 3 'green' conditions aren't met
Orange indicates that an upwards (bullish) trend is strongly transitioning towards a downwards (bearish) trend or that a downwards (bearish) trend is weakening
In case of a long position you should considering buying a PUT option to protect your long position

Red signal
The indicator displays red when none of the 'green' conditions are met
Red indicates a downwards (bearish) trend
If your short position is protected by a CALL option, the first red signal (after a series of 'non' red signals) indicates you could sell your CALL option as the trend becomes bearish .
In case of a long position, you should be protected by a PUT option
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