The "3 Fib EMAs To Scalp Them All" was made in order to clear up when we should look for shorts, longs, or walk away. Also it can alert you when a trend starts, or when there is a possible reversal. I use it for scalping/day trading in 5m-1h timeframes.
1. EMAs: By default, the indicator uses Fibonacci numbers (21, 55, 233), but you can change them.
2. Color...
Bollinger Bands and Keltner Channel are two of my favorite channels. When you use them correctly, they can bring great help to your trading.
I like to use Bollinger Bands and Keltner Channels to identify when you can trade and when you can not trade, which is also known as the "squeeze".
When the opening of the Bollinger Bands is very small, it is a range that ...