Shepherd

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‘’Shepherd = guide or direct in a particular direction’’
That is exactly what this indicator is designed to do for you. It provides a direction on the assets momentum in a very easy to visualize format.

How it works?
This indicator plots; 3 moving lines (Aqua = trend line, Pink = fast line, White = slow line)
6 non-moving parts, (Upper red zone = Overbought zone, Lower green zone = Oversold zone, symbol ‘T’ and ‘L’ = Top and Low, symbol ‘B’ = Bearish and Bullish divergence, Fibonacci support lines (Gray lines), Green and Red crosses indicating STOCH cross up and down respectively (user can change these settings as per their own strategy)).

The divergence on Aqua line is very significant and almost always gives major moves. On the daily time frame Shepherd had 2 major divergences, first one was the bearish divergence at the top and second one was the bullish divergence at the bottom calling the Top and Bottom in BTC.

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ملاحظات الأخبار

Shepherd-Fibonacci Golden Pockets (yellow zones) are added for easy SR visualization.

The level labels are visible if you turn on the 'Indicator name label' tab from your chart settings.

٢٣ أغسطس ٢٠٢٠

ملاحظات الأخبار

Confirmed Stochastic cross will be shown as '+',
Green = Stoch Up cross confirmed,
Red = Stoch Down cross confirmed.
Stochastic settings (K, D, and Smooth) can be changed from the Indicator setting part.