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DTA INDICATOR

DTA indicator works with Triple Exponential Moving average which is fast, slow, and very slow to provide market insight. We are using three Exponential Moving Average ( EMA ) fast, slow, and very slow in combination with trending upward or downward condition in conjunction with Simple Moving Average ( SMA ), Average True Range (ATR), True Range ( TR ), and Double ATR (D-ATR) function which allows doubling the average true range data. By using all these powerful calculations, we figure out the market sentiment, market condition either uptrend, downtrend, sideways or consolidation, etc. With the help of such a powerful method we also produce buy and sell signals depending on EMA , SMA , ATR, TR , Double ATR, Intense, and some trending market rules plus Exponential Moving Average ( EMA ) crossover rules.
There are three major colors in our DTA indicator, and they are pink, blue, and white. When the market is trending upward and all other condition for buy is meet, we see a buy signal labeled in blue color and this color replicate with candle bars color right from the candle bar where the signal had emerged and the background color also turn into light blue color which signals potential bullish momentum, bullish market, trending upward market and buy scenario. This is how the colouring is correlated with each other and works differently for buy and sell. In case of when the market is trending lower and all other condition for sell is meet, we see a sell signal labeled in pink color and this color replicate with candle bars color right from the candle bar where the signal had emerged and the background color also turn into light pink color which signals potential bearish momentum, bearish market, trending lower market and sell scenario. White color appears on the candle bar where neither buy nor sell condition is meet. White color candle bars are used as one of the most reliable exit conditions in our dynamic trend analysis ( DTA ) indicator.