This indicator is an adaptation of Rob Booker's 5/13/62 strategy, with the addition of shaded clouds to help visualize when momentum is shifting and entry and exit points are near.
When the 5 EMA crosses the 13 EMA upward, it signals a bullish move, and it is extremely bullish when it crosses the 62 EMA. When the 5 crosses downward, it signals a bearish move.
This indicator also overlays RSI and ATR lines below for additional confirmation of signals.
Amazing indicator for scalping when used along with confluence of other indicators. Thank you very much JRL. Really appreciate it. Im only sad because I found this just now. I could have saved a shit ton of money if I found this sooner.
rollenderriese
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@Omer_Lopez, would you mind sharing the other indicators which you use for confluence ? that would be so great ... thanks in advance
Omer_Lopez
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@rollenderriese, The indicators I use for confluence are an abomination of combining multiple indicators together to create a frankenstein monster which I use for scalping on a 3min and 5min chart. If you want to know more get in touch d a r i n o l o p e z 8 8 @ g m a i l . c o m