SM_Body_Switch indicator system (SM_Body_Switch indicator system)
Hi everyone, thank you very much to Swingman for the Body Switch indicator.
I'm working on a new setup trying to tap into an established trend.
Take a look at the attached long shot and short shot screenshots.
Bull setup: When the indicator is in uptrend mode, wait for at least 3 bars with the same indicator value (consolidation/retracement).
Enter on a breakout of the previous bar's high. Stop loss @ previous bar low.
Short-term setup: When the indicator is in downtrend mode, wait for at least 3 bars with the same indicator value (consolidation/retracement).
Enter on a breakout of the previous bar's low. Stop@previous bar height.
I hope everything is clear.
Customize to your risk appetite, profitability, and more.
I'm trying to refine the experts based on my risk appetite and other filters.
I'm working on a new setup trying to tap into an established trend.
Take a look at the attached long shot and short shot screenshots.
Bull setup: When the indicator is in uptrend mode, wait for at least 3 bars with the same indicator value (consolidation/retracement).
Enter on a breakout of the previous bar's high. Stop loss @ previous bar low.
Short-term setup: When the indicator is in downtrend mode, wait for at least 3 bars with the same indicator value (consolidation/retracement).
Enter on a breakout of the previous bar's low. Stop@previous bar height.
I hope everything is clear.
Customize to your risk appetite, profitability, and more.
I'm trying to refine the experts based on my risk appetite and other filters.
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