Perfect for one minutes high trading and scalping. This indicator is very effective for trading on one minutes, in the hour.
A combination of moving averages and STOCHASTICS calculation to produce a very convincing signal every hour.
- Blue colour signals a buy opportunity. Follow the X signs for possible buy points. The Blue average line serves as possible trend direction and support.
- Red colour signals a sell opportunity. Follow the X signs for possible sell points. The Red average line serves as possible trend direction and resistance.
- The white X signifies a not very definite direction at the moment. It also signifies a possible reversal from immediate previous direction of price when price deviates extremely high/below the blue/red average line. It also signifies short term resistance or support depending on whether it is above or below the blue or red average line.
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