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Multi Time Frame - Trade Entry Points

This is Beta version of the Indicator and works on Multi Time Frame Analysis

As part of the Indicator there are 5 Choices that the user can set up

Show Intraday Trades - This works for Intraday Trades - when the resolution is kept to less than 1 hour

Show Short Team Trades - This works well when the resolution is kept to 1 Day - Good for swing Trades spanning over a few days

Show Long Term Trades - This works well when the resolution is kept to 1 Day or Week - Good for Investments

Show SMA20 - Will show the user the Simple Moving Average 20 based on the resolution selected

Show DMA20 - Will show the user the Daily Moving Average 20 based on the resolution selected

Buy Entry Points - Would be shown as a Green Arrow below the bar

Sell/Short Entry Points - Would be shown as a Red Arrow Above the bar

Visual Checks - It is always recommended to exit the trade it it touches SMA20

Stop Loss - That should be done by following ones risk appetite , Ideally the open/close of the previous candle should be the stop loss for the buy/sell
but everyone has their own Risk Management Strategies based on the capital deployed.

Disclaimer : There could be scenarios when the candle is shown as a buy or sell and then the candle turns into opposite direction red/green .
In such scenarios , Please refer to the just preceding candle and if this candle is moving into positive direction (forming green candle) only then buy ,
Similarly Sell/Short only if this candle is forming a red candle

intradayinvestmentmulti-timeframemultitimeframeanalysisswingtradingTrend Analysis

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