Consist of : - standard Bollinger Band (BB) - MA20 and 2 dev - EMA ( default 9,20,50 and 200) - WMA ( 5 and 10 ) - Donchian Channel
Suitable for intraday trading - 15min, 30 min or 1 hour timeframe
Trading Strategy : 1. Enter trade only when - band is Green - line EMA20 above EMA50 and line EMA50 above EMA200 ( black > purple > red ) - RSI (default setting 14) is above level 50 and trend is positive (RSI line moving upward)
2. Possible Entry point ( 3 options ) i Breakout candle and candle still below lower BB ii Retracement/Pullback - after Breakout and candle still inside green band. RSI still above 50 iii. Buy on Weakness (BOW) - Blue diamond icon
3. Stop Loss : - Select "Show Stop Loss" - to display stop loss line - Based on ATR - adjustable depend on trader risk
Other option for stop loss : - WMA Area ( Dark green ) - candle cross under WMA, can consider to exit trade - EMA20 - candle cross under EMA20, can consider to exit trade.
4. Alert Therea are 3 alerts availabe i. Breakout signal ii. Sell signal - candle break trailing Stop iii. BOW - Buy on weakness signal
Note : - This indicator only suitable for Bursa Malaysia - Do PM me if you interested