3-Duck System

NOTE: 3-DUCK SYSTEM MUST BE VIEWED ON 5-MINUTE TIMEFRAME FOR ACCURACY

The indicator is based on the traditional 3-Duck System which confirms the trend of the security on 3 different timeframes, employing 60-SMA on:

• 1-day TF (Slow)
  
• 4-hour TF (Medium)
  
• 5-minute TF (Fast)

For the purpose of better visibility, I've only added the signal line of fast time frame, with the criteria considering slow and medium timeframes.


COLORS INDICATION

• Green --> Long Entry
  
• Red --> Short Entry
  
• Orange --> Both Exit