[Day Trading Indicator] How to use in Japanese stocks

Nova Relic Signal is a trend-following indicator.

Although it is for TradingView only, it also supports Japanese stocks and other markets

It is a rare indicator

Please refer to the post-purchase documentation for chart setup

First, proceed with the setup as described in the documentation

In a state where the left is set to 5-minute and the right to 1-hour charts, we will explain

This time, we will provide an explanation for Japanese stocks

Regarding how to select Japanese stocks, it is described in the documentation, so please check there

1605 INPEX October 23, 25

Since this is a trend-following indicator

when the direction of the trend recognized by the environment matches the signal direction, enter

In the 1-hour timeframe environment recognition, the trendline is also rising

and the candlesticks are rebounding on the trendline and moving along above the trendline,

so this is an uptrend

Therefore, the red circled buy signal is an entry for buying

For Japanese stocks, make sure to close positions by the end of the trading session

*For Japanese stocks, real-time data for the Tokyo Stock Exchange must be purchased separately

For details, please contact TradingView