1. Determine trend
2. Find relative
3. Once at look for entries:
-RSI crossing over the Short (CYAN) is your fist buy/sell signal
-Short (CYAN) crossing Medium (YELLOW) is your second
-RSI crossing Long (PINK) is your final and most accurate signal
4. Once you've made an entry, you can follow step 3. in reverse for an exit
Dark Green candles = Strong
Light Green = Average
Dark Red candles = Strong
Light Red = Average
Orange/blue means is conflicting with price action
I plan to add a Colored DOT over each crossover as a visual buy/sell signal if anyone has any suggestions that'd be great :)
Any idea how to build similar but only on a subset of price candles: i.e. say, only on each Friday candle and ignore Mon-Thu price candles ? OR each first daily 1H candle ? I'm trying to build an indicator that compares only (e.g. 1H) candles of the first hour of each day to others like that to identify a particularly strong momentum by comparing the first hour's ranges (ATR) to that of previous days.
Many thanks in advance.