Your friend when it comes to identifying strong trends.
Takes input from the Parabolic Sar (PSar) and Supporting/Resistance levels.
Helps you find best entry points for your trades after reaching a certain level, and easily identify where you can exit/re-enter your trades.
Features alert function.
No need to set up the indicator.
How to use:
Simply attach to any chart.
When the blue line crosses below the red line and blue arrow appears, buy.
When the red line crosses above the blue line and red arrow appears, sell.
Best results when checking the higher time frames before entering trades, i.e., arrows appear on current and higher 2 time frames. E.g., for a buy, look for the blue arrow to appear on H1, H4 and Daily, or lower time frames.
You can also zoom the chart out completely and enter trades from the extremes of the indicator window.
Best results when entering trades from the upper (for sell) or lower (for buy) extreme of indicator window on more than one time frame.
Use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.
Alert only on trend change; arrow color change.
Trend filter enhanced.