INVITE-ONLY SCRIPT
SPG - Forex Binary Intraday
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This indicator is for Forex intraday trading and works best for binary 5 minute contracts but will work for Contracts up to 2 hours in length.
Although this indicator is a confirmation for the companion "SPG - FOREX VOLUME INDICATOR" indicator you can act on the strongest indicators
This script is broken up into 3 parts
Confidence Cloud/Background Color
This will indicate the current bull/bear trend and if your entering a position - the strength of the direction of that bar will be reflected by the background color behind that bar.
Green - Bull Trend
Red - Bear Trend
Yellow - Transition/unsure
Small BUY/SELL arrows
note the color of the arrow and the "Buy/Sell" text - Use these arrows to enter a trade is using this as a stand alone indicator
Green/Red Buy/Sell label and Green/Red arrow - Strongest Indication
Green/Red arrow - Strong Indication
Green/Red Buy/Sell label - Weak Indication
Large Arrows
transparent Green/Red Arrow - This indicates the bar is exhibiting strong force in that particular direction - This is mostly confirmation to hold the position not to enter it - use the small arrows and the confidence cloud to make
Green/Red Dots above/Below the bar
This is a classic Parabolic SAR Indicator - When the dots touch the bar it will switch direction. When the dots get close to the bar then prepare for a direction switch.
Green dots underneath - Bull trend
Red dots above - Bear trend
Blue background highlight and blue line
This will group bars by time - anything less than 5 minutes will group the bars in 5 minute intervals and anything less than 2 hours will group in two hour intervals but this is buggy. The line will indicate the open price of that interval.
This script is primarily intended for 5 minute binary trades on Nadex - so look at the char in 5 minute resolution to get an entry signal - then switch to 1 minute resolution to take profit or keep until expiration.
Although this indicator is a confirmation for the companion "SPG - FOREX VOLUME INDICATOR" indicator you can act on the strongest indicators
This script is broken up into 3 parts
Confidence Cloud/Background Color
This will indicate the current bull/bear trend and if your entering a position - the strength of the direction of that bar will be reflected by the background color behind that bar.
Green - Bull Trend
Red - Bear Trend
Yellow - Transition/unsure
Small BUY/SELL arrows
note the color of the arrow and the "Buy/Sell" text - Use these arrows to enter a trade is using this as a stand alone indicator
Green/Red Buy/Sell label and Green/Red arrow - Strongest Indication
Green/Red arrow - Strong Indication
Green/Red Buy/Sell label - Weak Indication
Large Arrows
transparent Green/Red Arrow - This indicates the bar is exhibiting strong force in that particular direction - This is mostly confirmation to hold the position not to enter it - use the small arrows and the confidence cloud to make
Green/Red Dots above/Below the bar
This is a classic Parabolic SAR Indicator - When the dots touch the bar it will switch direction. When the dots get close to the bar then prepare for a direction switch.
Green dots underneath - Bull trend
Red dots above - Bear trend
Blue background highlight and blue line
This will group bars by time - anything less than 5 minutes will group the bars in 5 minute intervals and anything less than 2 hours will group in two hour intervals but this is buggy. The line will indicate the open price of that interval.
This script is primarily intended for 5 minute binary trades on Nadex - so look at the char in 5 minute resolution to get an entry signal - then switch to 1 minute resolution to take profit or keep until expiration.
Notes de version
This Script highlights consecutive bars and macd histogramsScript sur invitation seulement
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