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GTAS Bsi

The GTAS BSI is an indicator designed to provide the trend direction and buy/sell signals, using combination of momentum indicators.

This indicator was created by Bernard Prats Desclaux, proprietary trader and ex-hedge fund manager, founder of E-Winvest.


Description

The BSI indicator is represented as a histogram under the price chart.

  • +100 (green) value indicates a bullish trend.
  • -100 (red) value indicates a bearish trend.
  • When the BSI turns to +100 (green), it gives a potential buy signal.
  • When it turns to -100 (red), it gives a potential sell signal.
  • Intermediate values +50, 0 or -50 indicates no particular signal.


How to use

Open a trade

  • Open a Long when the BSI turns to +100 (green), for instance, if the trend is bullish on the upper timeframe, or according to your strategy: this is the right timing.
  • Open a Short when the BSI turns to -100 (red), for instance, if the trend is bearish on the upper timeframe, or according to your strategy: this is the right timing.

Do not trade against the BSI value

  • Do not buy the market if the BSI value is not equal to +100.
  • Do not sell the market if the BSI value is not equal to -100.

Hold and manage opened positions

  • As long as the BSI value remains at +100, we can hold a Long trade.
  • As long as the BSI value remains at -100, we can hold a Short trade.
Roy W
496
Roy W 2018.03.19 22:48 
 

the best

Tim Eubanks
4863
Tim Eubanks 2018.03.08 01:26 
 

Good indicator for the higher timeframe.