- 评论 (2)
TrendQuietly displays a colored line around the price range. The colored line represents the mean value of the price of the currency pair, while the price line reflects the oversold/overbought condition. If the mean value of the price is blue, you should look for entry points for long positions when the market is not overbought. If the mean value of the price is red, you should look for entry points for short positions when the market is not oversold.
A trend change on this indicator is not a market entry signal. The bands are used to select the entry time.
There are many strategies that can be developed using the TrendQuietly indicator. The easiest one (the reversal system) is used only when a Close price breaks the average price or the bands allowing you to avoid entering the market during a sharp spike or a correction at the moment of high price volatility.
The interpretation is as follows. Buy during a bullish trend when the price reaches an average value or an oversold level and sell during a bearish trend when the price reaches an average value or an overbought level. With this simple strategy, you can minimize your losses when the market is flat or unstable.