This indicator is a pullback trend trading indicator which uses the following indicators:
- 200 EMA - Long Term Trend Direction - 30, 35, 40, 45, 50, 60 EMAs - Shorter Term Trend Direction - Bollinger Bands - Pullback / Entry Signal
How Are Signals Generated?
Buy
- Price above the 200 EMA - Price touches lower BB with shorter term EMAs all aligned (not crossed) - Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Sell
- Price below the 200 EMA - Price touches upper BB with shorter term EMAs all aligned (not crossed) - Indicator waits for price to close above midpoint BB with shorter term EMAs all still aligned (not crossed)
Alerts function built in, input settings customisable to show/not show indicators and change colours.