Zen Trading Tech

1. Intro
2. Link
3. Video
4. Explainer – Rainbow EMA
   1. Changing Colours
   2. Always in
   3. Combining both
5. Missing Wedge Entries
6. Signal Triggers above / below prior opposite signal
7. 3 Signals is one way to count a Wedge
8. Strong trend then first opposite signal – prob minor reversal
9. Remember where you took your loss – don’t re-enter the same way there
10. Trading Ranges
11. Conclusion

Intro

• In this article I will review a FREE TRADINGVIEW indicator I made and how you can use it in your trading
• Designed for traders who have done the Brooks Trading Course and understand how PA traders use the MA
• Designed for traders who understand what ALWAYS IN means in Al Brooks trading

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Link

https://www.tradingview.com/script/pQlmaHqq-Zen-rEMA-v2/

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Video

• I made a video on this here: [Coming Soon]

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Explainer – Rainbow EMA

• Indicator that changes colour based on whether price is above or below
• Indicator that changes colour based on whether there are 2 consecutive good closes above / below the MA (Always In)
• Optional Always-In arrows to show who’s in control – based on minimum of two closes above/below MA. Goto settings, select SHOW ALWAYS IN

Changing Colours

Always in

Combining both

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Missing Wedge Entries

• Always in is not an easy concept in trading ranges – always flipping back and forth.
• Traders believe the market WILL NOT breakout. So as soon as a signal appears, that is often the start of a reversal

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Signal Triggers above / below prior opposite signal

• Always in LONG signal fails and a new SHORT signal appears below it. Likely MM and 1 x Risk.

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3 Signals is one way to count a Wedge

• You can use it for LEG COUNTING as well.
• Every-time consecutive bars appear, count a leg.
• Here we see consecutive wedge bottoms as the reversal.

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Strong trend then first opposite signal – prob minor reversal

• Always in can be used to identify the first counter-trend signal, the trendline break.
• But don’t take it. Instead look for a test of the extreme.

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Remember where you took your loss – don’t re-enter the same way there

• Always in LONG here was a losing trade.
• So don’t REENTER at that LOSS area.
• Wait for another signal to develop.

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Trading Ranges

• Stop following the signals
• The DBBLF (Double Bottom Bull Flag) at the first circle was a better LONG

• Watch video for detailed explanation

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Conclusion

• I hope this indicator helps you use the MA and ALWAYS IN in your trading and your research to improve your price action skills.