Winshots Color PSAR

The parabolic stop and reverse (PSAR) indicator was developed by J. Welles Wilder, Jr. as a tool to find price reversals which can be utilized as stop-loss levels as well as trade triggers. The notable difference about the PSAR indicator is the utilization of time decay.

The PSAR indicator forms a parabola composed of small dots that are either above or below the trading price. When the parabola is below the stock price, it acts as a support and trail-stop area, while indicating bullish up trending price action. When the stock price falls below a single dot, then a  stop-loss/sell /sell-short trigger forms. The parabola will then start to trend down as it trades above the stock price, indicating a resistance level accompanied by bearish price action. Traders can use the upper parabola break as a buy-cover/buy long trigger. The PSAR can be used in conjunction with other indicators like stochastics, candlesticks and moving averages to pinpoint accurate entries and exits.


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Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
What is a Pivot? A pivot is a significant price level known in advance which traders view as important and may make trading decisions around that level. As a technical indicator, a pivot price is similar to a resistance or support level. If the pivot level is exceeded, the price is expected to continue in that direction. Or the price could reverse at or near that level. What does a Pivot Tell You? There are pivots and pivot points. These terms may mean different things to different people.
Trading in the direction of a strong trend reduces risk and increases profit potential. In general the average directional index (ADX) is used to determine when the price is trending strongly. In many cases, it is the ultimate trend indicator! After all, the trend may be your friend, but it sure helps to know who your friends are.  ADX is used to quantify trend strength. ADX calculations are based on a moving average of price range expansion over a given period of time. The default setting is
Winshots Trade Assistant EA decides when to take the the first trade based on the H1 time frame and the Stochastic indicator.  It is there to assist you in deciding in which direction you should trade as well as managing all the trades you open on the same chart (it's very useful in scalping on lower time frames).  The first trade will always be 1 micro lot, and decision always based on the H1 time frame.  Then your job is to open further trades in the same direction as top ups MANUALLY. However
This indicator will help you identify the key zones needed for The Silver Bullet Strategy which are:  The three time-windows the ICT mentioned in the strategy Window 1: 3 AM and 4 AM New York time Window 2: 10 AM and 11 AM New York Time Window 3: 2 PM to 3 PM New York Time Bullish and bearish supply and demand zones which will help you identify FVG inside those time windows T he previous day's high and low, draw on liquidity The indicator does not plot the FVGs to avoid cluttering the chart  Exi
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