Presenting a an indicator based around a Donchian Channel.
The panel has 7 rows where each cell can be either green (long), red (short) or gray (nothing).
Suggestion: Enter (on your own risk...) a trade when all columns have the same color; Exit when any, but the top, column switch color.
The Panel consists of the following, from top to bottom:
1. Price hits the edge of the DC-channel.
2. Price is on the right side of the DC-average line.
3. Price is on the right side of the Baseline
4. PVI is on the right side of the PVI-signal line.
5. Wave-A
6. Wave-B
7. Wave-C
The panel has 7 rows where each cell can be either green (long), red (short) or gray (nothing).
Suggestion: Enter (on your own risk...) a trade when all columns have the same color; Exit when any, but the top, column switch color.
The Panel consists of the following, from top to bottom:
1. Price hits the edge of the DC-channel.
2. Price is on the right side of the DC-average line.
3. Price is on the right side of the Baseline
4. PVI is on the right side of the PVI-signal line.
5. Wave-A
6. Wave-B
7. Wave-C