This indicator analyzes the trend utilizing MACD and other math algorithms to find confirmed entries and exits.
How To Use
Best used on TF larger than 1 hour for highest accuracy.
The higher the wave the stronger the trend.
For entries, wait for the wave to rise then enter after a color flip.
Once flipped, you can look for entries at a smaller time frame to narrow down your buy price.
For shorts, wait for confirmation of color flip with initial red wave down.
BOUNCE PLAYS:
1. Find Divergences via the height of the wave.
2. The more stretched from 0 the stronger the strength.
3. If second drop/rise is less than first, then divergence is present, look for entry.
4. Zoom in to the hourly charts to find initial bounces, then zoom into 5 minutes to look for setups.
NOTE: all signals strength are based off the charts macro strength and most are delayed. If the signal is too high, then it should be the time to close position soon.