This is a multi indicator trade entry indicator pack based on multiple "if conditions" that signals good entry points when price has a direction/trend confirmed by multiple technical indicators and detects fake signals on choppy days with yellow candles.
The Bull and Bear entry signals are more reliable when all 4 lines (Hidden by default) are the same color (and little triangles are either green or red)
These indicators capture the movement power of the market (price and volume and whether bulls or bears are taking over) and provide good entry points on retracement.
However, the market is not all the time in trend mode. So we have to detect choppy days to control false signals. When price direction is confused or the market is choppy MACD and ADX can help us detect that. So when choppiness is detected the candles automatically turn into yellow which invalidate the buy or sell signal. often a movement above and below follows so once the yellow candles are gone you can enter a trade. Here is an example of a choppy day. This kills option premiums. So OPTION players should pay attention to this:
The Bull and Bear entry signals are more reliable when all 4 lines (Hidden by default) are the same color (and little triangles are either green or red)
These indicators capture the movement power of the market (price and volume and whether bulls or bears are taking over) and provide good entry points on retracement.
However, the market is not all the time in trend mode. So we have to detect choppy days to control false signals. When price direction is confused or the market is choppy MACD and ADX can help us detect that. So when choppiness is detected the candles automatically turn into yellow which invalidate the buy or sell signal. often a movement above and below follows so once the yellow candles are gone you can enter a trade. Here is an example of a choppy day. This kills option premiums. So OPTION players should pay attention to this: