Drunken Bands and Diamond Beep
Drunken Bands and Diamond Beep !!!
Created By Request from groups of young learning traders who don't want to subscribe an indicator for huge sum monthly.
I present three indicators for the community and free to use.
Note : works best in 1 - 10M Time Frame
i am still working to reduce the signals generated.
Description of Indicator:
1. Drunken Bands which will guide you on the trend of the market.
Green - Up Trend
Red - Down Trend
Yellow - Indecision / Side ways market.
Upper Band and Lower Band can be used as Stop Loss or Targets based on the Entry position.
2. Diamond Beep Indicator A.K.A Diamond burst Indicator.
Watch for the Diamond Symbols which indicate most volume traded which crossed the average of volume over past candles.
if Multiple signals are generated when Drunke Band is flat ignore the beeps.
Observe for the Beep when bands are broken up or Down
3. Drunken Zones A.K.A PP Dynamic Zones which is already published
Use the Dynamic Zone as target or Support / Resistance.
I am Open to suggestions and welcome test results if any modification needed.
Happy Learning and Trade Disciplined.
Created By Request from groups of young learning traders who don't want to subscribe an indicator for huge sum monthly.
I present three indicators for the community and free to use.
Note : works best in 1 - 10M Time Frame
i am still working to reduce the signals generated.
Description of Indicator:
1. Drunken Bands which will guide you on the trend of the market.
Green - Up Trend
Red - Down Trend
Yellow - Indecision / Side ways market.
Upper Band and Lower Band can be used as Stop Loss or Targets based on the Entry position.
2. Diamond Beep Indicator A.K.A Diamond burst Indicator.
Watch for the Diamond Symbols which indicate most volume traded which crossed the average of volume over past candles.
if Multiple signals are generated when Drunke Band is flat ignore the beeps.
Observe for the Beep when bands are broken up or Down
3. Drunken Zones A.K.A PP Dynamic Zones which is already published
Use the Dynamic Zone as target or Support / Resistance.
I am Open to suggestions and welcome test results if any modification needed.
Happy Learning and Trade Disciplined.