*Presenting a perfect setup for Positional and Swing traders.
1) Slow and Fast Bands
# 3 fast and 3 slow, in total of 6 EMA bands are added to the indicator in order to make accurate decisions and helping find out in which trend the price is.
Enter when price gives a breakout above or below all of the 6 bands.
2) Trend Indicators
# Total of 3 trend indicators are also included:
Trend Indicator 1 ---> It is a SMA(20) and its color changes based upon Trend Indicator 2 ---> will be plotted at the bottom of the screen. Based upon RSI Trend Indicator 3 ----> EHMA
Their color will be yellow whenever the market is sideways which will act as a cautionary sign that in about next phase the price will be rangebound.
Use them as a helping hand, and check whether they show the same trend or not while you enter.
3) Support/Resistance lines
# On charts, this indicator is used to locate levels of support and resistance. As a function, Targets and SL can be planned. When a candle closes above the support/resistance line, the lines change color automatically. It'll turn green. If the price is below the sup, it will also change color to red.
4) High/Low
# Will mark the high/low of a particular swing so that, one can place the SL over there and enter.