The indicator detects potential entries during trend corrections. It is powered by oscillators and reflects the concept of the Wave principle.
When you see the blue up arrow, a buy signal is formed. The appearance of a red down arrow indicates a potential sell point.
Keep in mind that when an arrow appears, it is assumed that the entry is to be performed on the current candle (the indicator is not redrawn).
It is reasonable to put a stop level a few points above/below the arrow (after the...
This indicator shows the "candle-of-band". The "Candle-of-band" is a candle that does not touch the Moving Average.
When you see the blue up arrow, a buy signal is formed. The appearance of a red down arrow indicates a potential sale.
Keep in mind that the signal is formed only on the closed candle, but the arrow can be drawn on the current candle as well.
If the signal is formed, and the candle is a "hammer" or "hanging man", it may indicate the roll-back from the level.