SMA Background & Table Indicator# SMA Background & Table Indicator - User Guide
## What is this Indicator?
The **SMA Background & Table Indicator** is a powerful TradingView Pine Script tool that provides instant visual feedback about a stock's position relative to key Simple Moving Averages (SMAs). Instead of cluttering your chart with multiple SMA lines, this indicator uses background colors and a clean table to show you everything you need to know at a glance. You can also set custom time frame for SMA (i.e. Daily chart for SMA calculation) while watching price action in 15 min chart. You will quickly know if SMA200 losses its level on a daily without you having a need to switch back and worth between time frames. A very cool feature.
## Key Features
### 🎨 Smart Background Colors
- **Green Background**: Price is above SMA200 - Bullish trend
- **Red Background**: Price is below SMA200 - Bearish trend
- **Orange Background**: Price is near SMA200 - Caution zone (within 1% threshold)
### 📊 Clean SMA Status Table
Located in the bottom-right corner, showing:
- **SMA5, SMA20, SMA50, SMA100, SMA200** values
- **Color-coded dots** for each SMA:
- 🟢 **Green**: Price is above this SMA (bullish)
- 🟠 **Orange**: Price is close to this SMA (within 0.5%)
- 🔴 **Red**: Price is below this SMA (bearish)
### ⏰ Flexible Timeframe Options
- **Chart Timeframe**: Calculate SMAs from your current chart timeframe
- **Custom Timeframe**: Choose any timeframe (1m, 5m, 1H, 1D, 1W, etc.) for SMA calculations
### 🎨 Full Customization
- **Table Text Size**: Tiny, Small, Normal, Large, or Huge
- **Table Background Color**: Any color you prefer
- **Table Font Color**: Customize text color to match your theme
- **Background Transparency**: Adjust from 0% (opaque) to 100% (transparent)
## How to Use
### Basic Usage
1. **Add the indicator** to any stock chart
2. **Watch the background color** for overall trend direction:
- Green = Bullish (above SMA200)
- Red = Bearish (below SMA200)
- Orange = Neutral/Transition zone
3. **Check the table** for detailed SMA analysis
### Advanced Usage
#### Timeframe Selection
1. Click on the indicator name in the chart
2. Click the **settings gear icon**
3. Enable **"Use Custom Timeframe for SMAs"**
4. Select your preferred **"Custom Timeframe"**
**Example**: You're trading on a 15-minute chart but want to see daily SMA levels:
- Set Custom Timeframe to "1D"
- Now you'll see how the current price relates to daily SMAs while still viewing 15-minute price action
#### Customizing Appearance
In the indicator settings:
- **Table Text Size**: Choose readability preference
- **Table Background Color**: Match your chart theme
- **Table Font Color**: Ensure good contrast
- **Background Transparency**: Balance visibility with chart clarity
## Trading Applications
### Trend Identification
- **Green background** = Look for long opportunities
- **Red background** = Look for short opportunities
- **Orange background** = Wait for clearer direction
### Support/Resistance Levels
- **Green dots** in table = SMAs acting as support
- **Red dots** in table = SMAs acting as resistance
- **Orange dots** = Key levels to watch for breakouts
### Multi-Timeframe Analysis
- Set custom timeframe to higher timeframe (e.g., daily)
- Trade on lower timeframe with higher timeframe SMA context
- Example: Day trading with daily SMA guidance
## Pro Tips
1. **Clean Charts**: This indicator eliminates the need for multiple SMA lines, keeping your chart clean while providing all essential information
2. **Quick Assessment**: One glance tells you the overall trend (background) and detailed SMA relationships (table)
3. **Multi-Timeframe Strategy**: Use daily SMAs on intraday charts for better trend context
4. **Customization**: Adjust colors and transparency to match your trading platform's theme for optimal visibility
5. **Threshold Understanding**:
- Background changes use 1% threshold (reduces noise)
- Table dots use 0.5% threshold (more sensitive)
This indicator transforms complex SMA analysis into simple, actionable visual information - perfect for both beginner and advanced traders!
Moving Averages
RSI Swing with EMA and BB Short/Long SignalsThis script gives you the following feature;
1. Top & Lower Top , when it exceed specified RSI threshold (default is 70)
2. Bottom & Higher Bottom, when it exceed specified RSI threshold (default is 30)
3. LONG sign , which is bouncing UP at EMAs (7, 20, 50)
4. SHORT sign, which is bouncing DOWN at EMAs (7, 20, 50)
You can adjust the RSI parameters(threshold and evaluation period) by yourself.
If the "bounce UP/DOWN" signs show up frequently, it can be a sign for the upcoming breakout direction.
If the "bounce UP/DOWN" signs show up with "Higher Bottom or Lower Top", it can be a sign for the trend reversal, especially after the bounce for deep BB break.
If you want to purchase the source code, please contanct me via direct chat in Tradingview.
RSI Swing with EMA and BB Short/Long SignalsThis script gives you the following feature;
1. Top & Lower Top , when it exceed specified RSI threshold (default is 70)
2. Bottom & Higher Bottom, when it exceed specified RSI threshold (default is 30)
3. LONG sign , which is bouncing UP at EMAs (7, 20, 50)
4. SHORT sign, which is bouncing DOWN at EMAs (7, 20, 50)
You can adjust the RSI parameters(threshold and evaluation period) by yourself.
If the "bounce UP/DOWN" signs show up frequently, it can be a sign for the upcoming breakout direction.
If the "bounce UP/DOWN" signs show up with "Higher Bottom or Lower Top", it can be a sign for the trend reversal, especially after the bounce for deep BB break.
If you want the source code, please contanct me.
EMA 21 Distance Hist - Diamonds V2EMA distnce with 8/21 cross . Also shows mometum and 8/21 based Buy or sell
Trend 13/25/32 EMA SignalA simple script which fires of a signal on the first close above or below the 13/25/32 ema trend
Anchored EMA with Timeframe SelectionLet's you choose a date and time to start tracking EMAs. I am attempting to use it in tandem with Wyckoff Analysis to "indicate" a BUEC or Fall through ice.... Not sure if it works but publishing for the fun of it.
Simplified Deviation Bands [TrendRidersTR]Simplified Deviation Bands
A clean and intuitive indicator to visualize dynamic price envelopes around a moving average.
It plots a customizable EMA and upper/lower bands at 1, 2, and 3 times the ATR above and below the EMA.
The EMA line dynamically changes color based on its slope, giving you an instant visual cue for trend direction or momentum.
How to Use
Best used in confluence with other Rider Algo tools to plan entries and improve your trading edge.
When price reaches an extreme deviation band (for example, +2 or +3 ATR), it suggests the price is extended and may eventually revert to the mean (EMA).
The EMA serves as a natural magnet and reference point for normalization.
Combine with the Rider Algo Volume Profile to check if deviation levels align with key volume nodes or liquidity zones.
Use together with Rider Algo Trend Support Lines: If price is at a high deviation and at a strong trendline/support, this increases the probability of reversal or pullback.
Look for confluence : the more signals from different indicators at the same level, the stronger the setup.
Typical Applications
Channel trading
Mean reversion setups
Volatility-based references for risk and trade management
Identifying exhaustion, reversal, or breakout points when combined with other tools
Pro Tip:
Deviation Bands are most powerful when they align with other context clues.
If price touches a +2 ATR band and the Rider Algo Volume Profile highlights a major volume shelf at the same level, this is a high-probability area for reversal or consolidation.
Note:
This indicator does not generate trade signals by itself.
It is designed to provide a clear visual context for your trading decisions—especially when used alongside other Rider Algo indicators.
Combine, confirm, and ride the trend with confidence!
EMA+VWAP System4 EMAs u. 3 VWAPs
The preset values of the EMAs can be changed as required.
1) EMA 7
2) EMA 23
3) EMA 50
4) EMA 70
1) VWAP Daily
2) VWAP Weekly
3) VWAP Monthly
Fibo_Ma with Toggleable 200 EMA Filter Fibo_MA with Toggleable 200 EMA Filter
Description:
This multi-functional indicator blends Fibonacci-based moving averages with customizable filters and visual enhancements to support various trading strategies. It offers traders the flexibility to analyze trend dynamics and potential reversal zones using multiple tools in one script.
Key Features:
🔹 Fibonacci MA Framework
Leverage a range of Fibonacci numbers (from 1 to 233) to visualize trend-based EMA lines with optional smoothing. Users can choose the moving average method (SMA, EMA, RMA, WMA, VWMA, etc.) and adjust the smoothing length for fine-tuned analysis.
🔹 VWAP and Dynamic EMA Tools
Includes VWAP and a color-coded 200 EMA that updates based on trend slope. These help visualize key dynamic support and resistance levels.
🔹 Multi-Timeframe Support
Option to switch the data source to a higher timeframe for broader trend confirmation.
🔹 Signal Highlights
Bullish and bearish signal markers based on crossovers with optional filters.
Background highlights show whether the current price is above or below a smoothed EMA line.
🔹 Customizable Filters
Enable or disable filters like:
200 EMA Position Filter (only signal when price is above or below the 200 EMA)
ATR Filter (filter out low-volatility candles)
Volume Filter (signal only on sufficient volume)
🔹 Cross Alerts & Labels
Built-in alert conditions for crossovers and customizable signal display options—labels, shapes, and background highlights.
🔹 Advanced Options
Toggle forecast line visibility and offset
Fine-tune alerts using price action relative to the smooth trend line
Optional tail and cross label display for deeper chart customization
How to Use:
This tool can support trend-following, breakout, and pullback strategies. Customize the MA types, filters, and timeframe settings to match your trading style. The script is designed for visual clarity while offering rich configurability for discretionary and system-based traders.
MCDX with MAsMCDX with MAs – Market Participant Flow Analyzer
📌 Overview
The MCDX with MAs indicator provides insight into market behavior by visualizing the money flow of three key participant types—Bankers (Smart Money), Hot Money, and Retail Traders—through custom RSI logic and moving averages. It helps traders assess which group is driving price action and how this aligns with broader market trends.
🔍 What Makes This Indicator Unique?
Unlike generic mashups, this tool builds on the MCDX concept by:
Using custom RSI logic per participant group
Applying independent MAs to each RSI stream
Supporting multi-timeframe analysis
Offering clear color-coded trends and strengths
Enabling signal generation based on group behavior and crossover dynamics
⚙️ How It Works
RSI Logic (Per Group)
Each group’s RSI uses:
A base threshold (neutral zone)
A sensitivity multiplier (to control reactivity)
Visual capping (default max: 20) for easier histogram comparison
Moving Averages
Each RSI stream has its own moving average:
Selectable types: EMA, SMA, WMA, RMA, SMMA
Bankers include three MAs: short, mid, and long-term
MAs are used to identify trends and filter noise
📊 Visual Output & Color Logic
Each group is represented by a histogram with conditional coloring:
Bankers:
RSI > MA → Strong Green
RSI < MA → Light Green (or user-defined)
Hot Money:
RSI > MA → Bright Yellow
RSI < MA → Light Yellow
Retail:
RSI > MA → Bright Red
RSI < MA → Light Red
This makes it easy to visually assess which market participant is in control.
🟢 Bullish Conditions
Banker RSI rising and above at least one MA
Retailer RSI falling (retail exiting as smart money enters)
Hot Money RSI rising and above its MA
Stronger signal if Bankers or Hot Money RSI is recovering from extreme low values
🔴 Bearish Conditions
Banker RSI falling and below all MAs
Retail RSI rising (retail buying into weakness)
Hot Money RSI declining
Stronger signal if Bankers or Hot Money RSI are near extreme high levels
🛠️ Customization Features
Timeframe Input: Analyze flow from any timeframe
Static Reference Levels: Level 1, 2, 3 for support/resistance
Extreme Thresholds: Define extreme_high and extreme_low zones
MA Options: Choose MA type and length per RSI stream
🧠 Strategy Ideas
Combine with price action and volume for higher confluence
Use Banker RSI on a higher timeframe to filter trades on lower TFs
Monitor divergences between Retail and Banker flows
Use crossovers and slope direction for entries/exits
🔔 Alert Logic (Optional, Customizable in Pine Script)
Banker RSI crosses MA
RSI enters or exits extreme zones
RSI group divergence or alignment
Trend shift confirmation from all groups
✅ Best Suited For
Swing traders spotting accumulation/distribution zones
Traders seeking confirmation from institutional vs retail behavior
Users looking to combine money flow logic with MA-based trend confirmation
⚠️ Important Notes
This indicator is not financial advice. Use at your own discretion and with proper risk management.
Backtest thoroughly before applying in live markets.
Best used on a clean chart with no overlapping indicators for clarity.
Alert logic is not built-in but can be added using Pine Script.
Market behavior can vary greatly; always combine with other tools (e.g., support/resistance, candlestick patterns).
🧾 Summary
The MCDX with MAs indicator is a complete tool for visualizing and interpreting the behavior of market participants across different timeframes. By combining enhanced RSI logic, moving averages, and color-coded money flow dynamics, traders gain a structured way to identify trend strength, turning points, and entry/exit signals.
Hull MA CloudHULL MA is an established moving average that users can research more, this script is creating a cloud based on 2 hull moving averages. The default values are 9 and 49 for scalping, but can be adjusted based users requirements. I would suggest to tweak the settings to help optimize for your timeframe and commodity.
ULTIMATE PENETRATORUser Guide
ULTIMATE PENETRATOR
(Order Blocks, Volatility Bands, Flip Triangles, Multi MA Overlay…)
General Overview
The ULTIMATE PENETRATOR is an advanced multi-tool indicator for TradingView that combines several powerful features for technical analysis:
Order Blocks and Breaker Blocks (institutional zones)
Bicolored Moving Averages (EMA and SMA)
Dynamic Volatility Bands based on ATR
SMA Flip Reversal Signals
Fully Customizable Visual Display (colors, signals, points, etc.)
Feature Breakdown
Hidden Markov ModelDescription
This model uses a Hidden Markov Model to detect potential tops and bottoms. It is designed to probabilistically identify market regime changes and predict potential reversal point using a forward algorithm to calculate the probability of a state.
State 0: (Normal Trading): Market continuation patterns, balanced buying/selling
State 1: (Top Formation): Exhaustion patterns at price highs
State 2: (Bottom Formation): Capitulation patterns at price lows
Background: The HMM assumes that market behavior follows hidden states that aren't directly observable, but can be inferred from observable market data (emissions). The model uses a (somewhat simplified) Bayesian inference to estimate these probabilities.
How to use
1) Identify the trend (you can also use it counter-trend)
2) For longing, look for a green arrow. The probability values should be red. For shorting, look for a red arrow. The probability values should be green
3) For added confluence, look for high probability values
Triple Configurable VWAPTriple Configurable VWAP Indicator
This advanced VWAP (Volume Weighted Average Price) indicator displays three independently configurable VWAP lines on your chart, providing multiple timeframe perspectives for better trading decisions.
Key Features:
• Three Customizable VWAP Periods: Configure each VWAP independently with periods ranging from 1 to 365 days
Default: 10-day (Green), 30-day (Red), 365-day (Blue)
• Dynamic Visual Elements:
Color-coded lines for easy identification
Smart labels at the current price level with matching colors
Contrasting text colors for optimal readability
• Interactive Information Table:
Toggle on/off display
Repositionable to any corner or side of the chart
Shows each VWAP period with corresponding color indicators
Larger, easy-to-read font size
• Professional Calculation Method:
Uses daily timeframe data for accurate VWAP calculations
Anchored VWAP starting from your specified lookback periods
Proper volume weighting for institutional-grade accuracy
Use Cases:
Short-term Trading: 10-day VWAP for recent price action analysis
Medium-term Analysis: 30-day VWAP for monthly trend assessment
Long-term Perspective: 365-day VWAP for yearly institutional levels
Perfect for traders who need multiple VWAP timeframes simultaneously to identify key support/resistance levels, trend direction, and institutional price points across different time horizons.
tornado cash money 3User Manual for the “Tornado Cash Money ” Indicator
Summary
This indicator is designed to help you identify and trade only in the dominant trend, as defined by the 200-period exponential moving average (EMA 200). It integrates different moving averages and volatility bands to provide clear visual signals, provided you use it in the direction of the trend.
Indicator Components
Bicolor EMA 200
Role: Indicates the major market trend.
Interpretation:
Green: Bullish trend (only take buy trades).
Red: Bearish trend (only take sell trades).
Imperative Instruction:
ONLY TRADE IN THE DIRECTION OF THE EMA 200 COLOR.
If it is green, you only open long positions (buys).
If it is red, you only open short positions (sells).
Bicolor SMA 28
Used to detect shorter-term trend reversals (color changes between blue/orange).
Special Signals:
Blue/Teal Triangles ("S+") below the price: Potential buy signal (if EMA 200 is green).
Red/Brown Triangles ("S-") above the price: Potential sell signal (if EMA 200 is red).
Volatility Bands (EMA 21 + ATR 14)
Display bands around the EMA 21, adjusted to volatility (ATR * 2).
Help identify overbought/oversold zones or dynamic support/resistance levels.
Colored Dots
Blue dots below the band: Confirmation of bullish momentum if the SMA 28 is bullish.
Red dots above the band: Bearish momentum if the SMA 28 is bearish.
Usage Rules
Identify the trend with the EMA 200
If EMA 200 is green → Only look for buy (long) signals
If EMA 200 is red → Only look for sell (short) signals
Wait for a reversal signal on the SMA 28
A blue/teal “S+” triangle appears below the price:
Buy only if EMA 200 is green.
A red/brown “S-” triangle appears above the price:
Sell only if EMA 200 is red.
Confirm with the volatility bands and dots
Ideally, the price reacts to a band and/or a colored dot appears in the direction of the trade.
Avoid trading if the signal appears opposite to the EMA 200 trend, even if it is visible.
Risk Management
Always accompany your strategy with risk management suited to your profile (stop-loss, position sizing, etc.).
The bands can serve as indications for stop levels or partial targets.
Visual Summary
EMA 200 green → Only longs (favor “S+” signals and blue dots)
EMA 200 red → Only shorts (favor “S-” signals and red dots)
Never take trades against the color of the EMA 200.
Disclaimer
This indicator is not foolproof. It should be used as a decision support tool and not as a standalone trading system. Always validate your signals with broader analysis and practice on a demo account before using it for real trading.
Super_Momentum_BandThe Super Momentum Band is a powerful multi-purpose indicator designed for scalpers & intraday. It combines the strength of an EMA Band with the reliability of Supertrend to help you catch momentum trades with clear visual cues.
Key Features:
✅ Dynamic EMA Band with colour-coded zones.
✅ Built-in Supertrend plotted directly on the chart.
✅ Helps to identify scalp opportunities & trend direction.
Ideal For:
🔸 Scalping setups on lower timeframes
🔸 Intraday trend confirmation
🔸 Breakout and retest trading
🔸 Quick visual identification of trend shifts
tornado cash money 3User Guide: Tornado Cash Money 3
General Description
This indicator is designed to help you track and trade with the market’s dominant trend, emphasizing the strength of the 200 EMA (Exponential Moving Average) — considered here as the true "boss" for all trading decisions.
It combines:
a dual-color 200 EMA (the boss),
a dual-color 28 SMA (for timing signals),
volatility bands,
colored visual buy/sell signals (triangles).
Key Points to Remember
Trend is your friend!
This system is designed to ONLY TRADE IN THE DIRECTION OF THE TREND.
Every decision should ALWAYS be filtered and validated according to the direction of the 200 EMA.
200 EMA = The Boss
If price is above the 200 EMA and the 200 EMA is rising: focus only on buy signals (upward triangles).
If price is below the 200 EMA and the 200 EMA is falling: focus only on sell signals (downward triangles).
Visual Interpretation
Dual-color 200 EMA:
Green: Long-term uptrend.
Red: Long-term downtrend.
Dual-color 28 SMA:
Blue: Short-term bullish correction or recovery.
Orange: Short-term bearish correction or pullback.
Teal triangles (below the candle):
Short-term buy signal.
Appears when the 28 SMA shifts from bearish to bullish.
Brown triangles (above the candle):
Short-term sell signal.
Appears when the 28 SMA shifts from bullish to bearish.
Volatility bands:
Dynamic zones showing the amplitude of price moves.
Blue/red dots:
Secondary indications based on the slope of the SMA.
How to Use the Signals
Identify the trend with the 200 EMA:
If it’s green AND sloping upward, you should ONLY look for buy signals (teal triangles below the candles).
If it’s red AND sloping downward, you should ONLY look for sell signals (brown triangles above the candles).
Use triangles for timing:
Triangles indicate a short-term momentum shift in the 28 SMA.
Never buy against the direction of the 200 EMA trend!
Ignore all signals that are against the 200 EMA trend (e.g., don’t sell if the 200 EMA is green).
Practical Tips
The 200 EMA protects you: It tells you which way the wind is blowing. Never trade against it—you’ll be swimming upstream.
Combine with your money management: These signals are powerful when taken in the trend’s direction, but no indicator is infallible! Always use stop-losses and adapt your position size.
Avoid ranges (sideways markets): The indicator works best in trending markets.
Summary
Trade ONLY in the direction of the 200 EMA: Trend is your friend!
Teal triangles: Buy opportunities if the 200 EMA is bullish.
Brown triangles: Sell opportunities if the 200 EMA is bearish.
Ignore all signals that go against the direction of the 200 EMA trend.
EMA 11/22/5 + MACD Zero Cross Buy/SellStrategy to identify entry and sell points using EMA 11/22/5 + MACD Zero Cross Buy/Sell
Stochastic RSI | Chill-Zone |Stochastic RSI | Chill-Zone |
This indicator combines Stochastic RSI with a dynamic Chill-Zone that highlights where momentum is holding or starting to shift. It helps filter out noisy %K moves and gives a clearer view of the trend and sustained directional bias rather than short-term momentum spikes like the standard Stoch.
How the Chill-Zone works
The Chill-Zone is built from the %K line of the Stochastic RSI:
- It measures how much %K moves bar to bar (absolute difference).
- This is smoothed using a running moving average (like an ATR for %K).
- A short SMA (2-period) tracks the base trend level.
- When %K breaks beyond the trend level, the zone flips between bullish and bearish.
The zone is shown as a fill between %K and a trailing EMA of %K (set by the user)
The zone color shows the current trend bias:
Blue fill = bullish zone
Red fill = bearish zone
Divergence spotting:
When price keeps rising but the Chill-Zone is red (bearish), it can signal that momentum isn’t supporting the price move — a possible warning of an upcoming reversal.
Similarly, if price keeps falling but the Chill-Zone is blue (bullish), it may point to weakening downward momentum and potential for a reversal upward.
Disclaimer
This is not a standalone signal tool. It’s designed to be used with other technical analysis tools as part of a broader strategy. Always combine with price action, S/R levels, or other indicators for confluence before making trade decisions.
Premium Algo Indicator Price dips below Lower Band while bands are trending up
Light green "3Engulfing" diamond appears
Multiple green triangles cluster near lows
RSI shows oversold condition
MACD bullish crossover occurs
This would trigger a high-confidence long entry with:
Stop loss below recent swing low
Profit targets at 1.618/2.618/3.618 extensions of risk distance
Key Features
Multi-timeframe analysis: Combines short-term patterns with long-term trends
Confluence trading: Requires multiple indicators to agree for high-probability signals
Visual clarity: Color-coded signals and trend ribbons
Risk management: Clear TP/SL rules based on volatility (ATR) and swing points
EMA 21 Distance Hist - Diamonds V3White Bars- Extreme Distance. Set close stops
Red - Change of Momentum
Green- chop but on the buy side. Stay long
Pink- chop on sell side. stay short
B/S indiates change in monetum backed by EMA cross
Diamond- 8/21 Cross
LON Super Tiangong Index## LON Super Heavenly Palace Indicator
### Description
The LON Super Heavenly Palace indicator is a sophisticated multi-line oscillator that identifies potential trading opportunities through a combination of momentum and trend analysis. It features four distinct lines that work together to provide comprehensive market insights.
### Key Features
- **Four Main Lines**: Short, Mid, Mid-Long, and Long lines with distinct colors
- **Adaptive Signals**: Uses both absolute and relative value analysis for better market adaptation
- **Visual Alerts**: Background highlighting and shape markers for clear signal identification
- **Multiple Signal Types**: Comprehensive signal system for various market conditions
### Trading Signals
#### Bullish Signals
- **Dragon's Treasure**: Blue background when all lines are in relative bottom territory
- **Golden Signal**: Cyan circles when all lines are below 20
- **Bounce Signal**: Pink triangles when long-term momentum turns positive
- **Perfect Opportunity**: Purple triangles for optimal entry conditions
#### Bearish Signals
- **Heaven's Treasure**: Yellow background when mid and long lines reach relative top territory
- **Top Signal**: Yellow circles when mid line exceeds 80
#### Confirmation Signals
- **Bottom Signal**: Magenta circles for oversold conditions
- **Strong Bottom**: Large purple triangles for major reversal opportunities
### How to Use
#### Entry Strategy
1. **Wait for Dragon's Treasure** (blue background) - indicates oversold conditions
2. **Look for Golden Signal** (cyan circles) - confirms bottom formation
3. **Confirm with Bounce Signal** (pink triangles) - momentum turning positive
4. **Enter on Perfect Opportunity** (purple triangles) - optimal timing
#### Exit Strategy
1. **Monitor Heaven's Treasure** (yellow background) - overbought conditions
2. **Watch for Top Signal** (yellow circles) - exit signal
3. **Use reference lines** (20, 80) for additional confirmation
#### Risk Management
- Use the 15 and 80 reference lines as support/resistance
- Combine multiple signals for higher probability trades
- Avoid trading against strong trend signals
- Use the -90 reference line for extreme oversold conditions
### Best Practices
- **Timeframe**: Works best on 1H, 4H, and Daily charts
- **Markets**: Effective on stocks, forex, and crypto
- **Confirmation**: Always wait for multiple signals to align
- **Patience**: Don't force trades - wait for clear signal combinations
### Visual Reference
- **Blue background** = Potential buying opportunity
- **Yellow background** = Potential selling opportunity
- **Colored circles** = Confirmation signals
- **Triangles** = Entry/exit points
- **Dotted lines** = Key reference levels
This indicator excels at identifying oversold/overbought conditions and potential reversal points, making it ideal for swing trading and medium-term position management.