LennytheSnake #: Excellent Indicator would you happen to have other strategy with this? What would you suggest as the best time frame to use.
Trading Recommendations for "Rebound" Strategy:
Trade direction should align with the trend direction.
When the price approaches red levels (support), consider opening Buy or Call positions (for options).
When the price approaches blue levels (resistance), consider opening Sell or Put positions (for options).
Exit the trade when it touches the opposite level or based on set Stop Loss and Take Profit.
When using Stop Loss and Take Profit, it's advisable to set the Stop Loss just beyond the level marked by a solid line, with Take Profit at 1-2 times the Stop Loss or at one of the opposite-colored levels.
This indicator has proven to work well alongside theSFT Stable Swingindicator.
Trade direction should align with the trend direction.
When the price approaches red levels (support), consider opening Buy or Call positions (for options).
When the price approaches blue levels (resistance), consider opening Sell or Put positions (for options).
Exit the trade when it touches the opposite level or based on set Stop Loss and Take Profit.
When using Stop Loss and Take Profit, it's advisable to set the Stop Loss just beyond the level marked by a solid line, with Take Profit at 1-2 times the Stop Loss or at one of the opposite-colored levels.
This indicator has proven to work well alongside theSFT Stable Swingindicator.
Hello Artem,
Thank you, do you have a recommend time frame so I can back test? H1, H4?
Excellent Indicator would you happen to have other strategy with this? What would you suggest as the best time frame to use.
Trading Recommendations for "Rebound" Strategy:
Trading Recommendations for "Rebound" Strategy:
Hello Artem,
Thank you, do you have a recommend time frame so I can back test? H1, H4?
Hello Artem,
Thank you, do you have a recommend time frame so I can back test? H1, H4?