What is NeonMoney Indicator? NeonMoney Indicator is a trend following indicator which gives strong support and resistance indications with some moving averages. Description
After the long research of 2 years along with 100’s of indicators & oscillators we have created this wonderful indicator which can avoid signals in a choppy market & gives perfect signal to buy and sell at a right time with high winning probability and higher reward to risk. Main part of this indicator is timeframe period that is it shifts from one to another pivots , vwap and MAs tf automatically which helps in top down analysis. This indicator is made with Vwap , MA, cpr and fibonacci pivots calculations. It can be useful to trade every market like in crypto, forex, commodities and as well as stock market . To use this indicator trader must have basic understanding of candle pattern and chart pattern identification studies with moving averages retrenchments. This indicator works well & gives better results if you have moving average retrenchment knowledge. When candles are retrenching specific moving average line then also sometimes traders get confuse whether to enter with moving average direction / favor or not. So, to come out from this confusion this indicator is very useful. Because it gives signal in moving average favors and target at pivot levels. So ultimately traders gain some confident on his/her trade that he/she is in the right side of the market. Another advantage of this indicator is in some of the criteria it gives fix signal in-between the candle formation & once signal is given then it will not change.
About uses instruction and components.
Time frame – 1m, 3m , 15m, 1H, 4H, DailyTF
Components: Vwap , MAs, CPR , and Fibonacci Pivots .
Dotted line - Vwap Straight gray line and zone - CPR Curvy Gray lines - MAs Colorful lines - Fibonacci pivots
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.