TREND TRADERS! The Scripts To Trade team is proud to present our latest proprietary indicator catered to those who enjoy trading in the direction of the trend! This one comes at the request of our clients and is one we are VERY proud of. Introducing.. THE NET! This indicator is a BRAND NEW combination of never before offered it's tools created and used by the Scripts To Trade team. Lets dive in! We start off with the inside ribbon, which is very good at showing in real time that the stock may be coming to a reversal point. When the inside ribbon turns green, bulls buckle up because the stock may see a huge rip! Once the direction is confirmed, our custom moving average system turns white and often acts as support to give traders an easy and clear view of the strength of the stock they are trading in REAL TIME. When the ribbon turns red, bears will rejoice as the stock may shift into a downward trend, confirmed by our custom moving averages in blue. Many times when a bearish trend change is signaled we see price reject the NET before moving lower, and bounce from the NET before moving higher on a bullish trend change. What do the ribbon and this net consist of? Well, we cant divulge all of our secrets of course! Just know that one quick look at this indicator in action and we are sure that the trading community will have found a sleek, POWERFUL trend change indicator for all their trading needs! Excited? Good. We are too.
Small caps: 1-3 minute charts preferred
Big Caps: 15 minute charts or greater are preferred
Created For: Small Caps and Large Caps. (Note: This Indicator is for entertainment purposes only and is not a recommendation to buy or sell a security)