HOW TO USE:-
FORSELLENTRY:-
- 1. First made Red 100% Non-Repaint Red Line Bar Indicator on the top.
- 2. Second made Red Arrow on the top. Two Confirmations made after take Instant Sell Entry.
- 3. Always remember, Trend is your friend so don’t violate these Indicator Rules. This Indicator provides red/green arrows alerts. When Red Line Bar Indicator made then follow only red arrows for confirming entries.
- 4. This Indicator is Best for Manual Scalping or Long term trade Indicator working in all time frames (M1 to D1).
- 5. Trend according, you can take TP/SL(1:2 or 1:3 or 1:4 will be TP/SL). If Trend according to this indicator provides the first red arrow then you can go easily 1:3 ratio for a Sell trade.
FOR BUY ENTRY:-
- 1. First made Green 100% Non-Repaint Green Line Bar Indicator on the bottom.
- 2. Second made Green Arrow on the bottom. Two Confirmations made after take Instant Buy Entry.
- 3. Always remember, Trend is your friend so don’t violate these Indicator Rules. This Indicator provides red/green arrows alerts. When Green Line Bar Indicator made then follow only green arrows for confirming entries.
- 4. This Indicator is Best for Manual Scalping or Long term trade Indicator working in all time frames (M1 to D1).
- 5. Trend according, you can take TP/SL(1:2 or 1:3 will be TP/SL). If Trend according to this indicator provides the first green arrow then you can go easily 1:3 ratio for Buy trade.
Choosing the ideal indicator for entry and exit points in trading is dependent on your trading style, preferences, and market conditions. There is no one-size-fits-all answer, and effective trading often necessitates the use of many indicators and analytical tools. Here are some examples of frequent indicators for entry and exit points:
1. MA (Moving Averages):
- MAs such as Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) may aid in the identification of trends and potential reversal points. For entry and exit signals, crossovers between distinct MAs might be employed.
2. Bands of Bollinger:
- The Bollinger Bands indicator visualizes volatility. Price hitting or crossing the outer bands may indicate overbought or oversold conditions, signaling potential entry or exit locations.
3. RSI (Relative Strength Index):
- The RSI indicator aids in identifying overbought and oversold conditions. An RSI of 70 or above may indicate overbought conditions and a potential exit, while an RSI of 30 or below may indicate oversold conditions and a potential entry.
4. MACD (Moving Average Convergence Divergence):
- MACD is a momentum indicator that follows trends. For entry and exit signals, signal line crossings and histogram patterns might be employed.
5. Oscillator Stochastic:
- The stochastic oscillator, like the RSI, can detect overbought and oversold conditions, which may be utilized for entry and exit signals.
6. Levels of Fibonacci Retracement:
- Fibonacci retracement levels may be used to identify potential levels of support and resistance, assisting in entry and exit choices.
7. Cloud Ichimoku:
- The Ichimoku Cloud gives information on support and resistance, trend direction, and momentum, which may be used to make entry and exit choices.
8. Levels of Support and Resistance:
- Manually identifying significant support and resistance levels on price charts may be critical for making sound entry and exit choices.
9. Analysis of Volume:
- To confirm price fluctuations, volume analysis might be performed. A spike in volume during a price shift may reflect the trend's strength.
Remember that the usefulness of any indicator is affected by a variety of variables, including market conditions and the period on which you are trading. It is often advantageous to utilize indicators in combination with other types of analysis and to adjust your approach in response to changing market conditions. Furthermore, before using your method in real trading, always practice risk management and properly test it on a sample account.
