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Bingbangboom indicator
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The mainline changes colour depending on the trend:
Lime = full uptrend
Green = uptrend but a small downtrend is to be expected and a possible trend change
Red = Full downtrend
Coral = small uptrend, still in a downtrend but that a reversal is possible
When the mainline goes bellow to bands, it signals a possible crash of the stock and it is usually a good idea to sell and wait until it enters inside to bands again and you get a buy signal
If the mainline goes above the bands its a signal for possible short term explosive growth.
The red triangles are used as a sell signal and the green triangles are used as a buy signal
This indicator also uses RSI to show when a security is oversold or overbought which is shown by the indicators as the background being either green or red
The red and green crosses signal a possible reversal in a trend, the color does not matter all that much but if a red cross appears the security tends to go more up or down than with the green crosses
The "Straight" lines are used as levels of support/resistance, the lower the main line is below the zero line to the bottom line the more likely it is to bounce back and above the yellow line means it could be in unstable growth. If the mainline hovers in or close to the zero line for a long time is a signal for either a big up or downtrend
If you get either a buy or a sell signal its usually best to wait until you see the mainline change trend color as well, ie:
Sell signal, wait until the mainline goes from lime to green/red
Buy signal, wait until the line goes from Red to Coral/green/lime
Lime = full uptrend
Green = uptrend but a small downtrend is to be expected and a possible trend change
Red = Full downtrend
Coral = small uptrend, still in a downtrend but that a reversal is possible
When the mainline goes bellow to bands, it signals a possible crash of the stock and it is usually a good idea to sell and wait until it enters inside to bands again and you get a buy signal
If the mainline goes above the bands its a signal for possible short term explosive growth.
The red triangles are used as a sell signal and the green triangles are used as a buy signal
This indicator also uses RSI to show when a security is oversold or overbought which is shown by the indicators as the background being either green or red
The red and green crosses signal a possible reversal in a trend, the color does not matter all that much but if a red cross appears the security tends to go more up or down than with the green crosses
The "Straight" lines are used as levels of support/resistance, the lower the main line is below the zero line to the bottom line the more likely it is to bounce back and above the yellow line means it could be in unstable growth. If the mainline hovers in or close to the zero line for a long time is a signal for either a big up or downtrend
If you get either a buy or a sell signal its usually best to wait until you see the mainline change trend color as well, ie:
Sell signal, wait until the mainline goes from lime to green/red
Buy signal, wait until the line goes from Red to Coral/green/lime
Информация о релизе
- The mainline changes colour depending on the trend:Lime = Uptrend
Red = Downtrend
- When the mainline goes bellow to bands, it signals a possible crash of the stock and it is usually a good idea to sell and wait until it enters inside to bands again and you get a buy signal
- If the mainline goes above the bands its a signal for possible short term explosive growth.
- The red triangles are used as a sell signal and the green triangles are used as a buy signal
-This indicator also uses RSI to show when a security is oversold or overbought which is shown by the indicators as the background being either green or red
- The crosses signal a possible reversal in a trend
// Examples are drawn on the chart to illustrate when the mainline goes bellow or above the bands.
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