MACDA clear signal by Mvbrouw
The MA's work as dynamic support and resistance.
The indicator tells you if there's a long, short or counter signal.
A signal with a circle means a strong move.
A signal with a diamond means a strong move and a candle TA at the same time.
When you get a counter signal you can either hold untill you see crosses at the candles, or take your chances with the MA's.
A signal with a red cross in the candle means don't take it.
A signal with another color cross in the candle means be very very carefull about taking it.
Only take signals if they are in the corresponding trend direction, except for counter signals ofcourse.
The blue and orange triangles means theres either a harami or an engulfing candle. They are set up so you can quickly gauge the sentiment of the trend you are following.
Doji just says doji.
Other than that, don't rely on this signal alone. Use your chart patterns skills and use this indicator as confirmation only.
The indicator tells you if there's a long, short or counter signal.
A signal with a circle means a strong move.
A signal with a diamond means a strong move and a candle TA at the same time.
When you get a counter signal you can either hold untill you see crosses at the candles, or take your chances with the MA's.
A signal with a red cross in the candle means don't take it.
A signal with another color cross in the candle means be very very carefull about taking it.
Only take signals if they are in the corresponding trend direction, except for counter signals ofcourse.
The blue and orange triangles means theres either a harami or an engulfing candle. They are set up so you can quickly gauge the sentiment of the trend you are following.
Doji just says doji.
Other than that, don't rely on this signal alone. Use your chart patterns skills and use this indicator as confirmation only.