This indicator uses two EMAs to find the trend direction and then it uses some volume analysis techniques to find the perfect entry bar.
The idea was to build a simple lightweight indicator that encapsulates a trend trading system, whenever a faster EMA is above a slower EMA or vice versa and both EMAs are rising or falling the indicator consider this type of situation trending and it waits for a perfect bar.
To find the signal bar it uses Advanced Volume and High/Low volume indicators, the former is used for measuring the bar bullish/bearish volume strength with a user-defined minimum percentage value and the later is used for filtering out the noise bars.
- Popup, sound, Telegram and email alert on trading signals
- Simplifies trend trading
- You will be able to change each EMA periods
- Uses bar volume data to find entry signal