Dragon Scale
- Индикаторы
- Paulus Femi Leunufna
- Версия: 1.0
- Активации: 5
Indicator Visualization
The DRAGON SCALE™ indicator displays several visual elements on the chart:
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Scale Zone – Displayed as purple areas (accumulation zones) and red areas (distribution zones) surrounding the pivot level.
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Lifebeat Signal™ – Appears as an arrow below the candle when the price enters a critical zone. The color of the arrow indicates the direction (green for bullish, red for bearish, yellow for neutral).
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Entry Countdown – Appears as an arrow above the candle when the price enters the critical zone. The arrow color changes based on the countdown.
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Exit Fade/Pulse – Appears as an arrow when the price exits the critical zone, providing a signal to exit the position.
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Candle Override Visual – The candle changes color according to market conditions while within the critical zone.
How to Read the Signals
Critical Zone
The critical zone is the area around the pivot level (±20% of the zone size). Signals are only valid when the price is within this critical zone.
Entry Signals
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Wait for the price to enter the critical zone (indicated by the appearance of the Lifebeat Signal™).
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Observe the Entry Countdown, which counts down the entry period.
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Enter in the direction indicated by the Lifebeat Signal™ color (green to buy, red to sell).
Exit Signals
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Exit the position when the Exit Fade/Pulse appears (when the price exits the critical zone).
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The color of the Exit Fade/Pulse shows the direction of the move after leaving the critical zone.
Usage Tips
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Optimal Timeframe: This indicator works on all timeframes but performs best on H1 and below for intraday trading.
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Combining with Other Indicators: Use it alongside trend indicators to confirm long-term directional bias.
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Zone Configuration: Adjust the Zone Type and size parameters based on the volatility of the traded instrument.
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Risk Management: Always use a stop loss outside the critical zone to limit risk.
Example Trading Strategies
Bounce Strategy
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Wait for the price to enter the critical zone.
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Confirm with a Lifebeat Signal™ showing a reversal direction.
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Enter after the Entry Countdown completes.
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Exit when the Exit Fade/Pulse appears or when reaching the profit target.
Breakout Strategy
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Wait for the price to enter and stay in the critical zone for several candles.
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Enter when the price starts to move out of the critical zone with strong momentum.
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Confirm with a change in candle color (Candle Override Visual).
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Exit when momentum weakens or when the Exit Fade/Pulse appears.
