Raishiz Crypto 15M-4H Indicator
All the information here in this section will be related to Raishiz Crypto 15M-4H Indicator.
Introduction
Generally this indicator is designed to be used for 15Min chart time or above. There is no restriction of using these indicators on normal candle sticks or Heikin Ashi candles. The buy signal represents a bullish movement whereas the sell signal indicates the market moving bearish.
Trend Line (Blue)
The trend line on the chart will be always showing the average price of the asset, so whenever the price (candles) is near to the trend line then its shows sideways movement of the market and the direction is not set for any particular trend, However the farthest the price of asset goes to the trend line the stronger that trend is to be.
Its a good practice to not to trade when the price is moving around this line as its considered more as sideways movement, and trend is unsure or yet to be decided.
EMA Line (White)
The EMA line can be use to continue trading in a trend, and if you are already trading a trend whether its bearish or bullish, we recommend you to keep your TP according to the EMA line.
You can always consider taking profit, whenever the candle is formed above that EMA line in a bullish trend and vice versa for bearish trend, because chances are that the trend has been broken and a sideways movement or opposite movement is about to begin.
Settings of Raishiz Crypto 15M-4H
Turning On the filter mode will allow the user to get rid of more quick scalping signals. It filters most of the small trades available in the trend and eliminate the factor of scalping. However by turning on this filter mode will allow the user to also perform better trades in sideways movement. Below you can see the difference between the filter mode turned ON VS turned OFF.
User can now also use this indicator on 5Min/10Min chart time frame, by keeping filter mode on which helps the user to get into a trend earlier.
Its recommended to keep stop loss at the recent support level if you are using lower timeframes.
Alerts
User can create alerts for buy and sell signals. Please refer to the picture below for correct configuration of alerts.
For more information regarding alerts, please visit https://www.tradingview.com/support/categories/alerts/
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