Hit, Profit & RunThis indicator helps traders to identify up-/down trends and see early warning signs when a stock or an index changes its current trend.
With a fast and a slow moving average the trader can define a moving average combo that starts an uptrend when the fast moving average line moves above the slow moving average line and ends its uptrend, when the fast moving average line goes below the slow moving average.
The trader can define a background color for the uptrend and downtrend as well as a take profit zone that is generated, when the price falls below the fast moving average line. With a short and long mode the colors and take profit zones change accordingly.
Market based maximum exposure PT rules:
■ Fast MA > Slow MA = Hit Area (no color)
■ Price < Fast MA = Take Profit Area (yellow color)
■ Fast MA < Slow MA = Run Area (red color)
Features
■ Use SMA or EMA crossovers
■ Define the length of the fast and short MA
■ Plot the fast and short MA
■ Switch between Long or Short mode
■ Hide or show the areas of your choice
■ Multipe customize options
