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The indicator has 3 main components:
- The Zero-Lag RSI Trend Line (Color coded to help indicate current price action and trend)
- Divergence Signals in the top and bottom margins
- Action Bars (Color coded – see explanation for each color below)
Possible Interpretations of Price Action Signals:
- Dark Green = Early Buy Signal
- Dark Red = Early Sell Signal
- Light Green = Buy Confirmation Signal (Consider Long Entry) / Exit Shorts
- Pink = Sell Confirmation Signal (Consider Short Entry) / Exit Longs
- Grey = Entry Invalidated, consider exit or use a tight trailing stop loss
- Dark Blue = Bullish momentum fading pullback/consolidation imminent
- Magenta = Bearish momentum fading pullback/consolidation imminent
- Green Dotted Area = Bullish consolidation (market could push higher)
- Red Dotted Area = Bearish consolidation (market could push lower)
All indicators includes free access to my Ultimate and Complete Course on High-Probability Trading (follow link for course content). You will find the link to the course content in the purchase note upon completion of payment.
About Me:
I am a professional ProRealTime developer with 4+ years experience in creating and coding ProRealTime strategies.
You can view my PRC profile here: https://www.prorealcode.com/user/juanj/
jcgpac (verified owner) –
If you believe in the RSI multi time Frame momentum power to show trend reversals, this indicator is perfect as long as you use the color zones to help you visualize what is happening. Too bad Juan does not respond to queries or emails…
bpater79 (verified owner) –
Amazing.
Recommended 100%