Hud_Hud

[HuD] Multi Color Dragon Pro+

HuD MultiColor Dragon Pro+ is a trend indicator.

- It measures the strength of Bull(Uptrend) and Bear(Downtrend).
- Bull strength is represented by red bar.
- The higher the red bar, the stronger is the trend (Uptrend).
- If the red bar exceeds Level 50 and follows by continuous increment, it means that stock is ready to make strong uptrend movement.
- If red bar is less than previous red bar, the color will change to pink. This to indicate a decrease in momentum.
- The uptrend is considered weak when the black line is higher than red/pink bar.

There are 3 "Buy Signal" from this indicator. I call it SBW :
1. S = Star Icon = is Bottom Catch signal, or also known as Buy on Dip.
2. B = Blue Diamond = when red bar crossover black line
3. W = White Dot = when Golden Cross happen between black line and cyan line ( Bull crossover Bear )

Note :
When trader make entry from these signal (SBW), trader needs to consider to exit the trade if the price BREAK either :
a- Middle candle where signal SBW trigger ( 1st consideration to exit ) or
b- Open Price where signal SBW trigger ( 2nd consideration to exit ) or
c- Low Price where signal SBW trigger ( MUST exit )

Others :
- Black Line = moving average of Bull
- White Dot = moving average of Bear
- Alert for 3 signal provided in script
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Arahan penulis

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Komen

May I know how to subscribe for this indicator please?
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Bagaimana sy nk subscribe indi ni Tuan?
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Hud_Hud khalismisma
@khalismisma, boleh pm sy di telegram
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