Basic of usage:
1. TrendBand Color
Red : Chart in condition
Green : Chart in condition
Purple Line : Current trend direction
Red Line : Long term trend direction
2. Candle Color
Green Lime : Breakout 20 days high with more than average .
Red : Oversold condition base on (14) days - below 35.
All color can be change from format menu.
When TrendBand in RED, find any breakout or pullback setup.
When TrendBand in Green, it show weakness in trend..find any potential rebound setup.
- change from green arrow up to green triangle up
- change green candle breakout calculation
- red triangle down, when price make new high but close lower
- black triangle up, when price make new low but close higher
ADD : Alert Condition for Green Candle, Green Triangle and Black Triangle