Chart Killer A is an EMA ribbon comprised of 8 EMAs that are Purple/Lt. Purple during a bull market and Lt. Purple/Purple a bear market. The intersections of these lines can be very strong lagging indications, so we have programmed Killer A to project symbols which correspond to various indications so you don’t have to manually interpret countless intersections. It also gives a great visual of the trend, and gives you an idea of where shorts may drop to.
Oscillators are often confusing to new traders, and unless you have an advanced subscription to TradingView, you are severely limited in the number of indicators you can use. On top of this, it is difficult to compare oscillators side by side without overlaying them on top of one another. That is where Chart Killer B comes in.
Chart Killer B is an all-in-one oscillator, allowing for more quality indications on your chart than ever before. It combines four well known algorithms (VWAP, MFI, RSI, Wave Trend) that have all been fine-tuned and smoothed for optimal results. When all of these indicators converge, Chart Killer projects a green dot buy signal. The green dot is characterized by extreme sell momentum. In other words, it tells you to long when the night is at its darkest, making it a strong leading indicator. Most educators suggest sticking to a single oscillator and mastering it – Chart Killer B allows even a novice trader to interpret many oscillators at once with ease, all while freeing up valuable real estate on the screen.
Green Dots – Leading buy signals that excel in sideways and upward trends.
Red Dots – Leading sell signals that excel in sideways and downward trends.
Purple Waves – You are looking for overbought and oversold readings for the most part here, but to get the most out of these waves, learn how to spot divergent price action which often foreshadows a future price move.
Yellow VWAP – We have incorporated the VWAP into an oscillator. It is the easiest algorithm on B to read. When it crosses up, you are long until the next cross down. When it crosses down, you are short until the next cross up.
MFI – The custom Money Flow oscillator gives a great visual of market conditions. When it is green, we say the grass is growing, the Bulls are grazing, and the strategy is to buy dips. When the MFI is red, buyers are dead, and the prevailing strategy is to short the peaks. You can filter many bad trades by paying attention to the MFI.
RSI – The RSI misses many opportunities on its own, but when used in tandem the other oscillators in B, can provide an extra layer of confidence via overbought and oversold readings.