P-SAR Support Resistance Price ActionUsing PSAR Support Resistance Indicator, Better price Action using Heike nashi Chart
By plotting S/R from Higher timeframe one can find easy entry and Exits
Signals: EMA Crossover for Up and Down
Confirmation: PSAR Support from current timeframe or Higher Timeframe
Entry: After crossing the S/R Lines ( Price must be above or below the SR Band)
Exit: EMA CROSSOVER in opposite direction or SAR Reversal on Lower Timeframe.
SSL
PEACOCK INDICATOR USAGEPeacock Indicator settings and Usage.
Please do Enter Trades when there are gray color in any part of the histogram line of indicator.
Entry Condition when all the Colors are inline.
Buy Sell Signals can be plotted in settings
MACD Histogram indicates trend
Zero line indicates Additional Trend Indicator like Super trend, QQE, MACD, HULL
Additional settings will be updated
My favorite and recommended Indicator introduction PART ONEGreetings, this post is to introduce some of my favorite indicator that i have used during the invesment strategy, also to thank for your following and supporting. I decided to publish these indicator in free.
I choose some suitable indicator and combine them together to show you their accuracy and practicality. I hope these indicators may help to improve your investment strategy and gain the profit more steady.
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Kindly Reminder : All of the indicators must have to be tested multiple times before you use them in your investment strategy, to prove their effectiveness and praticality for yourself. Not recommend to use these indicators directly to your investment strategy before test. None of the indicators have absolutely accuracy in trend studying, do not put 100% trust to any indicators, but always observe the change of trend and market enviroment. Please be responsible to your own investment behaviour. Thank you.
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( 1 ) UCS_TOP & BOTTOM CANDLE
This indicator quite similar as MACD but a different indicator.
Red colour at the top, means uptrend; Green colour at the bottom, means downtrend. Beyond the red area means overbought, below the green part means oversold.
The yellow bar in the middle means the strenght of buying and selling, more longer means the strength is more stonger.
You will see some of the candle sticks in the chart turn green colour, it shows you the candle that is turn signal of up trend and downtrend.
When the blue line and red line cross over and the blue line above red line, that is uptrend. Red line above blue line and go down, is down trend.
My favorite level :★★★★☆
Pratical level :★★★★☆
My comments :
You can easily to catch the moment to buy in and sell out. Maybe it will be at least one day delay but still majority accurate to the trend.
However, if you want to use it for the Index trend like Hang Seng Index, SPX500, Bursa Malaysia or etc, the accuracy of the trend could probably only 65% and is NOT RECOMMENDED to use this indicator alone to the Index trend.
You may see the result by my Hang Seng Index Chart
You have to combine more indicator with it to increase its accuracy. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator.
But, it is still a nice indicator for the steady trend and common share trending.
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( 2 ) SSL_HYBRID
There is a thick line divided into red and blue colour. This is EMA (Expontential Moving Average) of the trend.
Above the EMA, the candle stick and the part of the EMA will turn into blue colour, to show uptrend.
Below the EMA, the candle stick and the part of the EMA will turn into red colour, to show downtrend.
Middle of the EMA, the candle stick and the part of the EMA will turn into grey colour (mix by red and blue) means the trend is unknown or will be changed to uptrend or downtrend.
You will see red arrow and blue arrow. When the candle stick and EMA appear to be uptrend signal, the blue arrow will appear at the bottom of the candle stick. When the candle stick and EMA appear to be downtrend signal, the red arrow will appear at the top of the candle stick.
My favorite level :★★★★★
Pratical level :★★★★☆
My comments :
This indicator is suitable to combine with the (1) indicator and is easily to be read and catch the trend easily.
The accuracy will increase to 5 STARS if it combined with other indicator. Maybe at least one day delay.
There are not too many shortcomings, a lot of testing is required.
Suitable for the Index trend reading.
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( 3 ) SSL-CROSSOVER
Same as (2) for the trend reading, red cloud part means downtrend, green cloud part means up trend.
When the available buy in or sell out point appear, below or above the candle stick will appear a cross shape signal.
But this indicator has a special function is that, when it confirms the trend is available to buy in or sell out, it will appear a word signal (buy@open) and (sell@open) above and below the available candle stick. This will help you to have a further confirm of the trend changing and the timing to buy in and sell out.
My favorite level :★★★★☆
Pratical level :★★★☆☆
My comments :
You may combine this indicator with (2) or other indicators, to help you confirm the timing of buy in and sell out.May increase accurancy by combining it with other indicator.
However, the cross shape signal will delay one or two day to appear, and after confirm the availabel of the trend, the word signal will only appear after the cross shape signal.
But if you have enough confidence for the cross shape signal only, you may decide to buy in or sell out before the word signal come out.
If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator.
You may see the result in my Hang Seng Index
Therefore, i recommend to combine this indicator with others in pratical, and need a lot testing before you apply it in your investment strategy.
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This is my first part of indicator introduction, i hope have other chance to share more indicators with you again. Wish you have a nice day.
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