"Unlock the Secrets of Profitable Trading with Loss2Profit RainBow Indicator - Any Chart , AnyTime Frame - Best Trend Trading Indicator 🌈"
Coded by: Saurabh
Market is moving 500 Points and you booking only 100 Points profit
Even after you are in correct trade you exit because of Back to Back Green and Red Candles and hence unable to peacefully sit in correct trade
You want to do perfect Analysis but due to so many indicators on Chart , your price itself is hidden , resulting complex analysis
The Profit you are booking is small while stop losses are more, resulting no profit at the end of Month.
You are not getting Clear Entry and Exit
You think market will go till this level and then reverse but it keeps on moving up or down
Even though you are doing analysis but stop losses are big resulting into losses and revenge trading
Sideways market is pain for you due to premium decay and lot of signals
Solutions for your Problems -using Rainbow Indicator 🌈
Rainbow Indicator will capture big Rallies for you , if market is moving 500 points it will give you 450 points.
If the Market is in Uptrend then Rainbow will keep on making Green Candles and in case downtrend the only red candles , hence no emotions getting impacted due to back to back red and green Candles
Rainbow is just one Indicator , nothing else is required
Rainbow will capture Big Rallies for you and hence at the end of month you should be in profits if followed the rules of Rainbow
In Rainbow Indicator you will BUY when a Green Candle is formed after the Yellow Candle
After Entry whenever the next Yellow Candle is formed , on its closing we need to exit our positions
In Rainbow Indicator stop Loss is below the low of previous yellow candle , which makes stop loss very small
In the settings of Rainbow Indicator we have provided two volume based filters ,in case market is sideways Enable them to reduce signals by 70 %
Rainbow Indicator is built on Tradingview it works only on www.Tradingview.com (Website, Mobile App, Android Mobile, iPad, Macbook, iPhone or Tab, etc.)
Yes, we get Entry signals of BUY and Sell on the Chart , if you want neat and clean chart and you understand the logic of entry then you can even disable Buy and Sell Signals from Settings of Indicator
For Entry, we get Buy and Sell signals, Once you get the signal wait for the signal candle to close and immediately take your position. We need to Exit our positions (whether it is a buy position or a sell position) when a Yellow candle is formed and closes in the yellow.
Yellow Candle is an important zone or candle in which the market is consolidating and planning to either continue the trend or planning for reversal.
But the key point here is market can't stay in this zone for too long and hence it becomes a very important zone for entry.
Ideally, it works in any timeframe you are comfortable but still, if you want to choose you can choose
For Intraday Trading: 3 Mins
Intraday options Trading: 3 Mins
Short-Term Trading: 2 or 4 Hours
Long-Term Investment: 1 Day
Scalping: 1 Min
There is nothing Fake - indicators are built on some code or logic , so whenever that logic is true they give a signal - After that logic - if the market changes direction - the indicator changes signal - so everything is based on risk and reward - when market changed direction indicator should give u early exit, and should take you to correct direction.
If you are getting back-to-back yellow candles and you are not getting a signal candle, then come to a lower timeframe means if you were checking on 5 minute time frame come to 3 minutes and still if you are not getting a signal come to 1 min timeframe
Any Closed Candle will not change its color Guaranteed, A live Candle or current candle can do anything as we can't control the market but any closed candle doesn't change its color. Always wait for the candle to close for confirmation.
Yes, it will work with Trading View Free Version
2. Clear Entry, Exit, Stop Loss and Trailing SL
3. The Main Key Point is that it will Catch the Rally and make you hold till the end, some days till day end Yellow Candle will not come and you will capture the full Rally.
4. The Stop Losses will be very small in the Side Ways Market
For BUY Trade, keep the initial stop loss below the low of the yellow candle and hold the trade till the Yellow candle comes again.
For Sell Trade, keep the initial stop loss above the top of the Yellow candle and hold the trade till the yellow candle comes again.
We have added two filters (Volume filter and Average Volume Filter) under the settings of Rainbow Indicator which users can enable to reduce 60/70% of signals during a sideways market.
In order to reduce the signals during the Sideways market, we have added a Volume Filter - when the user enables the volume filter, we only show signals where the volume of the signal candle is more than the volume of the previous candle
When the user enables the Average Volume filter, we only show signals where the volume of the signal candle is more than the average volume of the last 20 candles
Once you Enroll, we just need your Trading View Username and once Access is provided, the Indicator will be applied in a Few steps.
Rainbow Indicator comes with below Plans:
1. One-month Plan
2. Quarterly Plan
3. Half Yearly plan
4. Yearly Plan
5. Lifetime Plan
This is an Indicator that will be applied on Trading View, It's presented in the form of a Course to provide Free Videos for Education
Loss2profit is not SEBI Registered, all the Courses, Products, and Services are for educational purposes. Please consult your financial advisor before taking any position in Sharemarket. Loss2profit is not liable for any Profits or Losses you make in Sharemarket.