Yellow Trend with BOLL: Crypto Trading My Top Indicator

Recently, I privately published an indicator called, Yellow Trend. But now, I added BOLL to it. I'll tell you a couple of reasons why you should use this indicator.

Why use Yellow Trend with BOLL?

To put it directly, this indicator shows the support and resistance or S & R better. Look at the image below, when the Plot, which is the color blue, touches the horizontal line, which is the support, it bounces back. Unlike candlesticks, in this one you can easily find the support and resistance. Plus, the Yellow Trend also helps you identify the trend of the market.

Why BOLL is also important?

We know when BOLL upper and lower bands squeeze or close together, the price is consolidating, and then when there is a reversal happening, the Bands widen. That's what we called, "Consolidation Breakout." We can also easily identify when it is a breakout when the Plot goes outside the Bands.

After breakout, there are three things that usually happen in the market: Either market will retest, consolidate, or continue. So here are things to do with this indicator:

1. Draw your S & R. At least four or five.

2. If the BOLL Bands are close together, wait for the consolidation breakout. The plot, which represents the candlesticks, usually goes outside the Bands.

3. Set your TP on the level of your first horizontal line of your support or resistance, depending on the market direction.

4. Wait for a retest, if no retest or consolidation, then make an entry again for the trend continuation. But it's safe to TP after the Plot reaches the first level of your horizontal line.

5. If the candlesticks are all in the same color, it means the candlesticks are clean. So I call it "Clean Candles." Usually, that candlesticks show that there is a continuation in the trend. If you see that candlesticks, place your TP where the opposite color shows, which could be the support or resistance.

You can use Yellow Trend with BOLL in Tradingview only. If you're interested in this indicator, please comment yes!