Defensive Nexus Shield

19 Jan

Indicator: Defensive Nexus Shield, capturing profits in the breakout trend.

Defensive Nexus Shield is a trend signal and support resistance display. Identify the short-term bullish and bearish defensive area through the effective extreme value of bulls and bears, and trigger trading opportunities when there are characteristics of breaking through the defensive area.

Usage：

Signal direction: "B" means that the bulls attacked and the bears failed, and entered a bullish trend. "S" means that the bears attacked and the bulls failed, entering a bearish trend.

Defense point of bulls and bears: "Blue line" represents the bearish defense line. The "green line" represents the bullish defensive line. The "purple line" represents the junction of bulls and bears.



Tip I：

Trend signal. When the signal "B" appears, it means that the bulls are attacking, and the market is bullish. Please refer to the signal for corresponding operations.

Tip II：

Breakout signal. After the trend signal appears, if the trend is confirmed, it will continue to enter the breakthrough signal.

Take the bull signal as an example. When B appears, the price continues to rise and breaks through the blue line, the bearish defense line, which triggers the bullish breakthrough signal. At this time, the bulls will strengthen. Provide signal reference for traders who do short-term breakthrough transactions.




*The signals in the indicators are for reference only and not intended as investment advice. Past performance of a strategy is not indicative of future earnings results.

Update - 2023.09.05
Optimize the alarm function. If you need to monitor the "B" or "S" signal, when creating an alarm, set the condition bar to:
Defensive Nexus Shield --> "B" or "S" --> Crossing Up --> value -> 0.5