TRADE ORBIT:TRADE WITH TREND BY USING SMA 9 AND BB(STRATEGIES-1)

4 giorni fa

Description:
This indicator combines multiple layers of analysis into one tool for better trade decision-making.

🔹 Key Features:

Background Color Bias (Daily SMA vs Bollinger Bands):

Background turns green when Daily SMA(9) is closer to the lower Bollinger Band (potential bullish bias).

Background turns red when SMA(9) is closer to the upper Bollinger Band (potential bearish bias).

Turns yellow when distances are nearly equal (neutral zone).

VWAP-Based Buy/Sell Signals (30-Min TF):

BUY signal → when price crosses above 30-min VWAP with bullish bias (green background).

SELL signal → when price crosses below 30-min VWAP with bearish bias (red background).

Multi-Timeframe Bollinger Bands:

Daily BB(20,2) for higher timeframe structure.

Chart TF BB(21,2.1) for nearer-term trade targets.

Trade Levels (Optional):

ENTRY, STOP LOSS, T1, T2 plotted automatically on signal candles.

Users can toggle ON/OFF Entry, SL, and Targets independently from the settings panel.

🔹 How to Use:

Use the background color to understand overall directional bias.

Watch for VWAP crossovers aligned with background bias for trade entries.

ENTRY/SL/T1/T2 levels help guide trade planning and exit management.

Works best on 30-minute chart (for VWAP signals) but background bias is calculated from daily timeframe.

⚠️ Disclaimer:
This is a technical analysis tool designed for educational purposes. It is not financial advice. Always confirm signals with your own analysis and risk management before taking trades.

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Note di rilascio

Description

This indicator combines VWAP crossover signals with a higher timeframe daily trend filter for more reliable trade setups.

🔹 How it works:

Background Color (Daily Filter):

Green → Daily SMA9 is closer to the upper Bollinger Band (20,2) and price is above SMA14 (bullish trend bias).

Red → Daily SMA9 is closer to the lower Bollinger Band (20,2) and price is below SMA14 (bearish trend bias).

Yellow → Neutral / no clear trend bias.

VWAP Buy/Sell Signals (Chart Timeframe):

Buy Signal (Green Arrow): Price crosses above VWAP and background is green.

Sell Signal (Red Arrow): Price crosses below VWAP and background is red.

Plotted Levels (Chart Timeframe):

SMA 9 (orange)

SMA 14 (blue)

Bollinger Bands (21, 2.1)

VWAP (purple)

🔹 Usage

This tool is designed for traders who want to align intraday VWAP entries with daily trend confirmation.

Use green background + VWAP breakout for long trades.

Use red background + VWAP breakdown for short trades.

Avoid signals during yellow background (neutral trend).

🔹 Best Practices

Works across all chart timeframes (signals adapt to chart TF).

For higher accuracy, combine with price action, support/resistance, or volume analysis.

Can be used in intraday or swing setups.

⚡ This indicator helps you catch VWAP breakouts only in the direction of the higher timeframe trend, filtering out false signals.