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Another experiment. We all have many strategies. We see it every day - at the end of the day, if we choose to trade certain currency pairs, our strategy will make us smile, while others will displease us. Therefore, the secret must be to be able to choose the right currency pairs to trade.

This topic will try to find some signals that will lead us to focus on instruments that may trend during the next trading day.

I will build an indicator that gives these signals. I've already started. Now it can signal when these conditions occur:

1. A false base.
2. A gobbling bar.
3. Pinbar. See post #3.

There is more to come. So this will be a multi-signal indicator.

Of course, these signals don't guarantee anything. However, if we receive a signal that an instrument has just had a Pinbar, we can investigate whether this could be another signal for the continuation of the trend. Just an example. This way we can better choose the right trading instrument.

I would search for these signals on the higher timeframes and then trade on the lower timeframes. How you trade may vary.

I will update this article #1 whenever new features appear in the indicator.

I hope many traders will actively test these signals and suggest how to use them in conjunction with confluences. I'd also like to get your ideas about new signals for indicators. If you are interested in helping, please subscribe to this topic.

The above signals are currently under testing. Something will be released tomorrow.


This is not normal behavior of the indicator, but this is how I work.