[HuD] Master

Master is a trend indicator that uses Bollinger Band (BB) and Exponential Moving Average ( EMA ) as its main components.

1️⃣ Two EMA lines are used to create the band, which are EMA 8 and EMA 21
When EMA 8 value > EMA21 value, the band color is filled with green and when EMA 8 < EMA21, band is grey
Green means uptrend mode and grey downtrend mode.

2️⃣ EMA50 (purple color)
EMA50 act as a trend indicator, which indicates whether the chart is uptrend or downtrend

3️⃣ Simple Moving Average (SMA200), red line act as a long-term trend guide.
Chart is in strong uptrend when candles are above EMA50 and SMA200

4️⃣ There are 5 signals generated that act as signals to help traders (Bursa Malaysia) in making decisions for Long position.

🔸BUY Signal (B) and SELL (S)
- generated using ATR with default setting set to, ATR Length = 20 , and ATR Multification = 1.7
- trader can make Buy position from that candle or monitor and enter enter after few candle after BUY Signal
- SELL (S) signal is exit signal = red candle, when it break ATR Trailing stop

🔸PB Signal
- signal generated using Stochastic and when candle rebound from EMA10, EMA20 and EMA50
- this is the most safest Entry since it nearest to support area

🔸BO5 ( Light Green Candle )
- When candle breakout the highest previous five candles with significant volume
- Indicates that there's a sign of interest in buying power in the market
- Another opportunity to enter the market either at the current candle or wait for the right time when it retraces

🔸BO20 ( Green Candle )
- When candle breakout the highest previous twenty candles with significant volume
- In daily chart this candle is consider very important as it is the highest monthly candle.

v. ATOM ( Yellow Candle )
- when candle able to break the LineAtom
- LineAtom = sma (close, 20) + (1 * stdev(close, 20))
- ATOM candle indicates there is momentum for candle to move forward towards Top BB

5️⃣ Other Features from Indicator :
🔹Built-in Gann Lines
- Gann Lines is generated from the calculation and reference of Gann Square 9 Table
- It act as a guide for support and resistance .
- Exit position when it breaks the support or as Take Profit (TP) when it reaches the desired resistance.

🔹Tables
- showing the value of All Time High and 52-Week-High
- show the estimation value of current trade ( volume * close price )
- show the value of volume relative

🔹Golden Cross and Death Cross
- act as guide when there's a crossing between short EMA and long EMA lines
- Below are pair of EMAs used :
🔘EMA5 and EMA20
🔘EMA20 and EMA50
🔘EMA50 and SMA200

Versionsinformation:

- Minor Update and Updated to V5

Versionsinformation:

Gann Lines Adjustment :
Solid Line = Stronger Resistance/Support
Dashed Line = Resistance/Support