PROTECTED SOURCE SCRIPT
Smoothed Heiken Ashi Candles@Saleem
This script is a simple Smoothened Heiken Aishi candle. Primary aim of this indicator / script is to enabled a no-brainer trader to understand the trend and take a trade.
Simple Green candle tells a potential buy opportunity and Red candle indicates a potential sell opportunity.
Can be used by anyone without knowing much on the technical indicators.
Few thigs to note.
PROS:
0. Primarily to be used for Stress free trading by anyone who doesn't know much of the indicators and charting.
1. Simply follow the candle color.
2. Works best on weekly chart.
3. No other indicators are needed with this.
CONS:
1. This is kind of a lagging indicator.
2. You may not get the bottom and high.
Simple Green candle tells a potential buy opportunity and Red candle indicates a potential sell opportunity.
Can be used by anyone without knowing much on the technical indicators.
Few thigs to note.
PROS:
0. Primarily to be used for Stress free trading by anyone who doesn't know much of the indicators and charting.
1. Simply follow the candle color.
2. Works best on weekly chart.
3. No other indicators are needed with this.
CONS:
1. This is kind of a lagging indicator.
2. You may not get the bottom and high.
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