Hyper Trend can help you with setting your stop loss and take profit levels and shows if exisiting price levels are in long zone or short zone. Tune the indicator first for the chart you intend to use Hyper Trend on with the given options. Enjoy !
PS: Multiplier 2 gives results similar to the famous Super Trend indicator developed by Olivier Seban.
Magic Circles indicator uses an ATR based trend indicator in conjunction with a Parabolic SAR indicator for creating signals. Blue is neutral. Green is buy and red is sell. A hollow green circle followed by a regular green indicates a strong buy while a hollow red circle followed by a regular red one indicates a strong sell signal. This version gives you the...
Thanks for your feedback in regard to the Magic Circles indicator. As a common question, Magic Circles indicator uses an ATR based trend indicator in conjunction with a Parabolic SAR indicator for creating signals. Blue is neutral. Green is buy and red is sell. A hollow green circle followed by a regular green indicates a strong buy while a hollow red circle...
Magic Circles give buy and sell signals. Works best at trending markets. When using lower time frames, it is beneficial to confirm the signals with a 4H chart.
This identifies Buy and Sell Points once the period high breaches the SMA High and period low breaches the SMA Low. It produces profitable results greater than 87% of the time. You should still monitor and set up stop-losses as appropriate.
This is a very simple trading system which is measuring the core of uptrends and downtrends using three basic elements: Close price, HL2 price, Pivot price.
Depending if the uptrend or downtrend is strong, the buy/sell signals are shown in different colors. The stronger trends are in brighter colors (lime and fuchsia). If the trend just fully changed direction...
This indicator uses the 21, 55, 100 and 200 SMA.
Strategy:
When the 21 SMA crosses the 55 and 100 SMA it creates either a buy or sell symbol dependent on which way it crossed.
