Hello Everyone,
This indicator indicates the Range moving to the direction of the trend.. This is a unique combination of Moving Average, EMA, Range Look Out.
The levels are major marked as "Cross" and for minor levels - the chart indicates Red and Green lines.
HOW IT WORKS
It basically uses Trend to make its buy and sell decisions.
- Best time is suited with 25Mins Timeframe; however one can also view in 30 Mins Timeframes well
- Once the purple line cross the Range(Cross); and the minor levels are broken - One can enter the trade in sync with 20Moving Average in the same direction.
TRAILING SL
- There are three marks on the Trailing SL
- 8-EMA and 13EMA as Trailing SL for Intraday Equity
- 21-EMA – Equity Options Trailing SL
EXTRA ADVICE
It's advised that you use this strategy in addition to MACD and ADX as well...
To obtain the access to this scrip - you can personal message me on "nirajsarora"
All the Best!