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/
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