it is a indicator which assesses your high and low costs from real time by Dow theory, brings a fashion line, and brings the predicted arrival point into the Box format following breaking the low cost and the high return price.
to show an example of how to use it in trading, after the color of the drawn Box varies from grey to green or crimson, wait for the candlestick to return to near the drawn trend line and make an entry to the goal. We support trades that get risk/reward spreads .
If you look at the YouTube video of ScreenShort while paying attention to the following points, you can understand that the trend transition is drawn in a easy-to-understand manner and that it is a useful indicator for any type of trader.
- A mark is drawn when the high price/low price, or the high price/low price is updated.
- Draw a trend line when forming an uptrend or downtrend based on the Dow theory.
- Draw Box in real time at low price and high return price, etc. Draw with the line of the target (161.8%, 200%, 300%, etc.).
- GrayBox is a box that does not have a closing price, and when the closing price is entered, the color changes to GreenBox or RedBox.
- When the color changes to GreenBox or RedBox, Fibonacci retracement is displayed until it falls below 100%.
- The point of trend change is easy to understand. Break above the downtrend line -> consult the buying box -> return move -> break the closing price of the buying box -> create a rising low and form an upward trend →
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For details on GreenBox, please check the Japanese version sales site below. https://www.gogojungle.co.jp/tools/indicators/25251
(Caution) Please note that the templates of the above sites are not included in the GreenBox of this market and only the indicators are supported.
1. Common Setting
nBars(5), ShortName, AnalyzeBars
2. Top/Bottom Edge Setting
drawTopBottomEdge(true), TopBottomEdgeWidth,
TopEdgeArrowCode, BlueTopEdgeArrowCode, BottomEdgeArrowCode, RedBottomEdgeArrowCode,
TopEdgeArrowColor, BlueTopEdgeArrowColor, BottomEdgeArrowColor, RedBottomEdgeArrowColor
TopBottomEdgePriceLabelMode(Check_LeftSide_nBars|Check_BothSide_nBars), PriceLabelWidth,
TopEdgePriceLabel(None_price_label|Left_sided_price_label|Right_sided_price_label), TopEdgePriceColor, BlueTopEdgePriceColor,
BottomEdgePriceLabel(None_price_label|Left_sided_price_label|Right_sided_price_label), BottomEdgePriceColor, RedBottomEdgePriceColor,
drawHLBands, UpperBandColor, LowerBandColor, BandWidth,
SoundFileTopBlue, SoundFileTop, SoundFileBtm, SoundFileBtmRed
3, TrendLine Setting
drawUpTrendLine, UpTrendLineColor,
drawDownTrendLine, DownTrendLineColor,
TrendLineWidth, TrendLineStyle
TrendLineBreakoutAlert, TrendLineBreakoutSendMail,
UpTrendLineBreakoutSound, DownTrendLineBreakoutSound
4. GreenBox Common Setting
enableBuyEntryInfo, enableSellEntryInfo,
useAlert, send_mail,
drawGrayBox, drawFixedBox, deleteOldFixedBox,
Target1Per(161.8), Target2Per(200), Target3Per(300), BoxPer,
TargetLineWidth,
drawBoxText, BoxTextFont, BoxTextSize, BoxTextColor
5. GreenBox(Buy/Long) Common Setting
drawBuyEntryLine, BuyEntryLineColor, BuyEntryLineWidth,
BuyGrayBoxColor, BuyFixedBoxColor, BuyFixedBoxColor2,
BuyTarget1Color, BuyTarget2Color, BuyTarget3Color, BuyTargetClose200
6. GreenBox (Buy/Long) Fibonacci Retracement Setting
drawBuyFibo, BuyFiboMode(LastFixedBox|TrendFollow|LastFixedBox_and_TrendFollow), BuyFiboWidth,
BuyFiboN,BuyFiboLevel1per, BuyFiboLevel2per, BuyFiboLevel3per, BuyFiboLevel4per, BuyFiboLevel5per, BuyFiboLevel6per,
BuyFiboLevelColor
7. GreenBox(Sell/Short) Common Setting
drawSellEntryLine, SellEntryLineColor, SellEntryLineWidth,
SellGrayBoxColor, SellFixedBoxColor, SellFixedBoxColor2,
SellTarget1Color, SellTarget2Color, SellTarget3Color, SellTargetClose200
8. GreenBox (Sell/Short) Fibonacci Retracement Setting
drawSellFibo, SellFiboMode, SellFiboWidth,
SellFiboN, SellFiboLevel1per, SellFiboLevel2per, SellFiboLevel3per, SellFiboLevel4per, SellFiboLevel5per, SellFiboLevel6per,
SellFiboLevelColor
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