About The FX Crash & Cash Indicator
Updated
The FX Cash & Crash Breakout indicator is a powerful Forex trading indicator on TradingView. Crash(consolidation or ranging market) and Cash (breakout from consolidation into a long or short trade).
It uses Heikin Ashi candle bars in combination with real price on the hourly chart to smooth price fluctuations and identify early range-bound price action breakouts. Consecutive gray bars indicate a crash move into a sideways market. A breakout occurs when it goes from a sideways market to either either green or red bars indicating the opportunity to cash in on a trending short or long market opportunity. While primarily designed for intraday trading, it can also be utilized for swing trading. It's crucial to use strict trading discipline, gain basic knowledge of trading practices, and focus on risk management. This indicator was created to enhance your marketing strategy.
It uses Heikin Ashi candle bars in combination with real price on the hourly chart to smooth price fluctuations and identify early range-bound price action breakouts. Consecutive gray bars indicate a crash move into a sideways market. A breakout occurs when it goes from a sideways market to either either green or red bars indicating the opportunity to cash in on a trending short or long market opportunity. While primarily designed for intraday trading, it can also be utilized for swing trading. It's crucial to use strict trading discipline, gain basic knowledge of trading practices, and focus on risk management. This indicator was created to enhance your marketing strategy.
Note
Breakouts normally occur soon after the yellow shaded area ends. Green bars indicate a long breakout and red indicate a short breakout. This indicator is built based on the hourly chart. On long breakouts wait until the bar turns solid green before entering a trade. Same for short turning red. This indicator does not work as well on other timeframes or other candlestick types or other currencies outside of the currency the script was designed and customized for.Note
Even when there is no prior consolidation, the Crash (consolidation) and Cash (breakout) indicator tells you when is the best time to get into a trade. Greys bars during a trade indicate small pullbacks. Only grey bars with yellow shaded area are areas of consolidation.
Note
Consolidation occurs after 4 consecutive grey bars and are marked with yellow shaded areas. When there is 4 or less grey bars this is not considered a consolidation and is considered a small pullback or a simple trend change.Note
In small pullbacks the grey bars will either be above the white line or below. When grey bars are above the white line the trade is still trading above the moving average. When below it is trading slightly below the moving average but is still not considered a trend reversal.Note
Though the main purpose of this indicator is to spot consolidation breakouts, it still can be used to spot moves that do not follow a consolidation.
Disclaimer
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