DCA_PREMIUM

Our new indicator tracks trends to create buy and sell alerts, see below how it works.


HOW IT WORKS:

It uses RMA which is the same moving average used by RSI and HMA, they intersect give us an entry signal, be it a buy or sell, as the entry signal the script will color the bars according to the signal.

When a GREEN candle appears, it indicates a large purchase volume and when a PURPLE candle appears, it indicates a large sales volume.

The indicator will alert for entries only according to the trend of the traded asset

FOR EXAMPLE:

I am trading USDJPY in an uptrend, the indicator will only alert me for buy entries, if it applies to downtrend.

DASHBOARD:

Our dashboard indicates the volatility of the traded asset, the short-term trend and the trade signal.

HOW TO USE:

Choose the asset you want to trade and, in the settings, change the time period you want for your trading style, for example: Swing Trade, Day Trade or Position.

See regions with large trading volumes indicating price manipulation or just supports and resistances too strong to break.

Versionsinformation:

- Add Supertrend
We added Super Trend to improve recognition of when it starts.
- Add Risk
Based on Supertrend, it recognizes when a new trend will reverse or continue.
- Add Take Profit and Stop Loss lines.

Versionsinformation:

- Correction of inputs

atrPeriod       = input(12, "Length",group='⚙ Settings',tooltip='ATR Length')
factor          = input.float(5.0, "Factor",group='⚙ Settings',tooltip='ATR', step = 0.01)

Versionsinformation:

- Added table Risk based on PSAR
- Change in volatility calculations
- New Config alerts