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This Utility is designed for price action strategies, trading flags and retests, such as Guerrilla Trading and similar strategies It allows to: place pending orders for retests (on the Retest line or x PIPs away from the retest line) place orders for flag formations calculate lotsizes based on account size, currency pair and risk percentage split trades and place multiple trades if lot size exceeds max lot size given by broker manage trades with a trailing SL/TP behind the most recent highs/lows
Version 1.5: manual color change added This indicator helps to trade price action and momentum strategies like Guerrilla Trading or similar strategies. The indicator displays: most recent highs and lows number of consecutive breaks past breaks of most recent highs and lows retest lines flag formations manual color change User can change colors. Go to Indictor Properties/Input, set "Auto Color" to false and change the colors. Set "Auto color" back to true to go back to pre-set colors. Please