HuD Intraday

Consist of :
- standard Bollinger Band (BB) - MA20 and 2 dev
- EMA ( default 9,20,50 and 200)
- WMA ( 5 and 10 )
- Donchian Channel

Suitable for intraday trading - 15min, 30 min or 1 hour timeframe

Trading Strategy :
1. Enter trade only when
- band is Green
- line EMA20 above EMA50 and line EMA50 above EMA200 ( black > purple > red )
- RSI (default setting 14) is above level 50 and trend is positive (RSI line moving upward)

2. Possible Entry point ( 3 options )
i Breakout candle and candle still below lower BB
ii Retracement/Pullback - after Breakout and candle still inside green band. RSI still above 50
iii. Buy on Weakness (BOW) - Blue diamond icon

3. Stop Loss :
- Select "Show Stop Loss" - to display stop loss line
- Based on ATR
- adjustable depend on trader risk

Other option for stop loss :
- WMA Area ( Dark green ) - candle cross under WMA, can consider to exit trade
- EMA20 - candle cross under EMA20, can consider to exit trade.

4. Alert
Therea are 3 alerts availabe
i. Breakout signal
ii. Sell signal - candle break trailing Stop
iii. BOW - Buy on weakness signal

Note :
- This indicator only suitable for Bursa Malaysia
- Do PM me if you interested

Versionsinformation:

- update background color and TP calculation

Versionsinformation:

- update candle formula -

Versionsinformation:

- update -

Versionsinformation:

- update -

Versionsinformation:

- minor update -