PROTECTED SOURCE SCRIPT
Atualizado Traffic Light Indicator
The traffic light indicator is designed to be as simple as possible to avoid the steep learning curve that comes with many other indicators.
- A Green Circle indicated the price is likely to go up.
- A Red Circle indicates to price is likely to go down.
- A Yellow Circle means there's some indecision and you should consider tightening stops or taking profits if you're already in a trade.
The circles are derived from the combination of a dozen or so indicators with the goal to simplify trading and declutter the charts.
It doesn't need to paired with another indicator but having some simple moving averages and keeping an eye on the volume might help you identify possible take profit areas.
- A Green Circle indicated the price is likely to go up.
- A Red Circle indicates to price is likely to go down.
- A Yellow Circle means there's some indecision and you should consider tightening stops or taking profits if you're already in a trade.
The circles are derived from the combination of a dozen or so indicators with the goal to simplify trading and declutter the charts.
It doesn't need to paired with another indicator but having some simple moving averages and keeping an eye on the volume might help you identify possible take profit areas.
Notas de Lançamento
Added ability to create alerts based on the indicator signals.Script protegido
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Script protegido
Esse script é publicada como código fechado. However, you can use it freely and without any limitations – learn more here.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.