Visual helper for spotting peaks and troughs.
PSar settings for trend direction determination.
Great for scalping.
How to use:
Simply attach to any chart.
To spot peaks and troughs, zoom chart out completely.
Sell on red dots. Best results when red dot appears on 3 or more time frames.
Buy on blue dots. Best results when blue dot appears on 3 or more time frames.
If used on lower timeframes (M1, M5, M15, M30), please make sure to check higher timeframes.
Or backtest and use as you see fit for your strategy.
Best results on Major Pairs, but can also be used on other pairs.
Important to note:
Please do not use this indicator haphazardly. Make sure it compliments your strategy.
Don't risk money you cannot afford to lose.
You use this indicator at your own risk. Please apply money management wisely.
Always test your strategy on a demo account before using a new indicator on a live account.