Trend Wave

This indicator is used to filter the trend of stock.

2 period moving average is used to filter the unstable market.

Retracement only max 3 days,to avoid big retrace cause profit burn.

Background color is based on candle color.

Green Candle = Bull Momentum
Yellow Candle = Possible Retrace / Bear Momentum ( to avoid miss the bull wave)
Red Candle = Bear Momentum
❗ = Danger signal - based on volume,candlestick,support

Have a look to the wick to determine the momentum power of bull/bear

Strategy To Trade:

• Long when candle turn RED to GREEN
  
• Long when retrace end and BULL momentum appear
  
• Short when candle turn GREEN/YELLOW to RED
  
• Wait for Red Candle to Exit if your cost is low
  
• Not suggest to catch high for day changes% > 15
  

**PLEASE TRADE USING SEVERAL INDICATOR (NOT ONLY ONE)!!!

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