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Some traders experience difficulties when it comes to limiting risks. This indicator helps traders define a suitable stop loss to limit trading risks. The indicator provides seven levels of risk limitation (recommended values are 1-3). The greater the risk, the greater the stop loss. Accordingly, the lower the risk, the smaller the stop loss, but the greater the probability of false triggering. In addition, the indicator shows trend signals and the current trend strength. This data can be used
The utility simplifies the search for maximum bars accumulation levels. These levels can be used both for technical analysis and trading actions, like setting a stop loss or pending orders. Additional analytical methods are recommended for levels confirmation. How it works Сounter mode (enabled by default). In the Сounter mode, draw a trend line on the chart and the utility will specify its length in bars as well as the number of bars the line crosses. When moving a trend line, the utility
The indicator operates based on a unique candlestick pattern. When the indicator generates a signal, there is a high probability of price reversal, and we can use it in trading. Indicator use strategy Market entry should be performed at the closure of the signal candlestick. Stop Loss should be set behind the signal cloud. We will have two take profits, the first one is equal to the stop loss value, 50% of lot amount should be closed at this level, and stop loss should be moved to breakeven. The
