YohanNaftali

EneX Signal

EneX is signal that give recommendation signals for entry and exit on spot market. This indicators not suitable for leverage trading in futures market.
EneX signal consider several indicators and has entry and exit rules.
EneX signal is suitable for investors who believe in trend following strategy (disclaimer on).
This script composed by Yohan Naftali for educational purpose only. Reader who will use this signal must do own research.

Indicator and Plot Involved
1. Williams Fractals with default periods = 2
2. William Alligator Indicators with default simple moving average 8, 13, and 21
3. Exponential Moving Averages with default value EMA 50, 100, and 200
4. Relative Strength Index with default overbought level = 80 and oversold level = 20
5. Williams Fractals are joined to create support and resistance line and fill area between support and resistance lines.

Entry signal conditions
1. Entry on Weakness when bullish fractal appear on n/2 period
2. Entry when price break resistance line
All entry condition must above EMA and alligator signal and not in overbought RSI

Exit signal conditions
1. Lowest price is below Exponential Moving Average
2. Lowest price is below William alligator lines

You can easily find entry and exit points by using Entry (E), Exit(X) signals

How to use
1. Monitor chart and wait until E or X signals
2. Entry if Entry Signal (E) appear (green colored label)
3. Exit if Exit Signal (X) appear (red colored label)
4. Change indicators setting when necessary

Best Practice
1. Entry only when entry signal (E) appear
2. Never entry when price below William alligator signal
3. Exit when exit signal (X) appear
4. Not exit when exit signal appear when you believe or you have information that price will be rebound
5. Exit if you believe that current price meet your target price
6. Always wise when use EneX signals

Disclaimer
Do your own research and consider fundamental price of asset.
The indicators provided on this script is for educational purposes only.
Author does not offer advisory or brokerage services, nor does it recommend or advise users to buy or sell particular stocks or securities.
Please examined script and give feedback for further improvement.
Catatan Pelepasan: change name from EnExRecom to EneX
Catatan Pelepasan: change name from EneX to NX
change signal from e to N to prevent confusing between entry and exit
now entry signal is N
Catatan Pelepasan: Add dot indicator below chart to show position in holding asset or not holding asset
blue dot indicate position in holding asset
teal dot appear when entry on weakness is recommended
green dot appear when price break on resistance
red dot appear when not holding asset
Catatan Pelepasan: Fix eXit signal condition
Catatan Pelepasan: Change Version and update chart
Catatan Pelepasan: Adding safe and danger area
Catatan Pelepasan: Update Chart
Catatan Pelepasan: Change title options
Catatan Pelepasan: change border line style from linebar to step line
change color and add trasparency for visibilty other line
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