Thanks for indicator. But i need all trading rules with this indicator. I see many charts with this indicator but use different rules. Somebody help me. Thanks.
BUY SIGNAL ROLE:
1st Role: The previous day's pivot is lower than today's pivot
2nd Role: PINK, WHITE, GOLD must be above Pivot Points in a row
3nd Role: There is a Bullish Candle that has a tail / shadow that touches the GOLD line.
SL: placed in S1
TP: placed on R1 or R2
BUY SIGNAL ROLE WITH TRAILING STOP:
- Entry Buy can also be in the PINK line area. If the price gap between WHITE and YELLOW is very far
- Take Profit from Buy target is at R3 (resistance 3) but this position can be closed if there is a rejection of the bullish price on the next 3 candles
- Stop Loss can also be 30 pips, maximum in S1 (Support 1)
- If you have run profit +20 Pips, it is recommended to install a Trailing Stop of at least BEP (Break Even Point) or Stop Loss to OPEN.
SELL SIGNAL ROLE:
1st Role: The previous day's pivot is higher than today's pivot
2nd Role: PINK, WHITE, GOLD must be below Pivot Points in a row
3nd Role: There is a Bearish Candle that has a tail / shadow that touches the GOLD line.
SL: put on R1
TP: placed in S1 or S2
SELL SIGNAL ROLE WITH TRAILING STOP:
- Entry SELL can also be in the PINK line area if the distance between WHITE and YELLOW price is very far
- Take Profit target from SELL is at S3 (Support 3) but this position can be closed if there is a rejection of the bearish price on the next 3 candles
- Stop Loss can also be 30 pips, maximum at R1 (Resistence 1)
- If you have run profit +20 Pips, it is recommended to install a Trailing Stop of at least BEP (Break Even Point) or Stop Loss to OPEN.
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