Aarika SuperPower
Hello traders, purpose of creating this indicator is simply trying to analyse the trend of any symbol.
This is combination of multi EMAs, SMAs along with stop and reverse price action with different parameters and calculations.
This indicator generate Long and Short signal on certain conditions once all the calculations comes to certain point then indicator will generated signal.
This indicator can be used on any script like Indices, Stocks, Future, Currency & Crypto.
Long symbol appears below the candle whereas Short symbol sticks above the candle.
How to trade : This indicator is easy to use on any timeframe and on normal candlestick when signal generated wait for the candle to close and then take trade. Signal appeared on candle based on some calculation and when all the condition are matched; so wait for full candle to formed and once candle close then go for trade.
Rule for long trade: if the price/candle is running above 200SMA ( blackline in default settings given), and if LONG signal comes, it indicates a bullish momentum whereas Short signal above 200SMA may see a reversal of the trend.
Rule for Short trade: if price/candle is forming below 200SMA, and if SHORT signal comes, it indicates a bearish trend whereas Long signal below 200SMA can be identified as a reversal in the current trend.
Always start with small target and then go for big one by trailing your profit. This is not a Holy Grail indicator which always gives profit but if you practice this indicator with consistency, your portfolio may give good returns.
Use proper money management for any trade. Go for paper trade and observe how this indicator behaves and once satisfied then only take real trade.
Add-on Feature : we have added multiple options under one roof for trader’s convenience. You may add upto 3 Simple Moving Averages. Usually higher MA's are used for long vision whereas smaller MA for short term trend analysis. You may also wish to use Central Pivot Range alongwith upto 3 support and resistance levels for better understanding of how the candles may react within the range.
Disclaimer: Please make sure you study this indicator on different timeframes because inserted set of data may act differently on different scripts and may vary from timeframe to timeframe.
We advice you to use this indicator for trend-analysis and study purpose only. Author/publisher of this indicator is not responsible for your profit or loss if you use this indicator for trading purpose one way or another.
N.B.: We do not recommend using HeikinAshi charting for this particular indicator as the data inputs may behave differently than expected. If you have any query, you may comment below.
This is combination of multi EMAs, SMAs along with stop and reverse price action with different parameters and calculations.
This indicator generate Long and Short signal on certain conditions once all the calculations comes to certain point then indicator will generated signal.
This indicator can be used on any script like Indices, Stocks, Future, Currency & Crypto.
Long symbol appears below the candle whereas Short symbol sticks above the candle.
How to trade : This indicator is easy to use on any timeframe and on normal candlestick when signal generated wait for the candle to close and then take trade. Signal appeared on candle based on some calculation and when all the condition are matched; so wait for full candle to formed and once candle close then go for trade.
Rule for long trade: if the price/candle is running above 200SMA ( blackline in default settings given), and if LONG signal comes, it indicates a bullish momentum whereas Short signal above 200SMA may see a reversal of the trend.
Rule for Short trade: if price/candle is forming below 200SMA, and if SHORT signal comes, it indicates a bearish trend whereas Long signal below 200SMA can be identified as a reversal in the current trend.
Always start with small target and then go for big one by trailing your profit. This is not a Holy Grail indicator which always gives profit but if you practice this indicator with consistency, your portfolio may give good returns.
Use proper money management for any trade. Go for paper trade and observe how this indicator behaves and once satisfied then only take real trade.
Add-on Feature : we have added multiple options under one roof for trader’s convenience. You may add upto 3 Simple Moving Averages. Usually higher MA's are used for long vision whereas smaller MA for short term trend analysis. You may also wish to use Central Pivot Range alongwith upto 3 support and resistance levels for better understanding of how the candles may react within the range.
Disclaimer: Please make sure you study this indicator on different timeframes because inserted set of data may act differently on different scripts and may vary from timeframe to timeframe.
We advice you to use this indicator for trend-analysis and study purpose only. Author/publisher of this indicator is not responsible for your profit or loss if you use this indicator for trading purpose one way or another.
N.B.: We do not recommend using HeikinAshi charting for this particular indicator as the data inputs may behave differently than expected. If you have any query, you may comment below.
Release Notes:
Minor update in default settings!
Release Notes:
This version allows some minor changes with added feature of Inside Bar. Also default values of some settings are modified to smoothen your study of the script!
Release Notes:
Updated default settings for major script, you might need to check and modify settings for your choice of script whenever needed.
Apart from that, we have added TMA Channal (its works little different than Bollinger Bands).
Apart from that, we have added TMA Channal (its works little different than Bollinger Bands).
Release Notes:
Minor update with added extra candles which may help identifying the overall trend of the script. Advice you to study it in live market on your choice of script and also backtest to see how it reacts to overall trend!
Release Notes:
HH HL & LH LL pattern is added for more clarity of the trend which may help traders in finding a certain breakout/breakdown scenario in some cases!
Release Notes:
HAMA has been replaced with earlier Candles for better judgement of the trend!