Buy-or-Sell-WiP

5 ore fa

Indicator Features:
> Simple red/green histogram to indicate go long/buy or go short/sell
> Recommended to use with my other indicator: 5/15-Min-ORB-Trend-Finder-WiP

Strategy:
> Use with 1-min chart with 5-min High/Low or 5-min chart with 15-min High/Low
> After a breakout, wait for confirmation before placing a trade, which is:
- Two confirming candles (green for long/buy, red for short/sell)
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell

3 ore fa

Note di rilascio

Indicator Features:
> Simple green (buy)/ red (sell) histogram.
> Recommended to be used with my other indicator: 5/15-Min-ORB-Trend-Finder-WiP

Strategy:
> I use this exclusively with SPX, trading CALL/PUT credit spreads.
> Use the 1-min chart with 5-min High/Low, or use the 5-min chart with 15-min High/Low.
> After a breakout, wait for the confirmations before placing a trade, which are:
- Two consecutive confirming candles (green for going long/buy, red for going short/sell).
and
- Buy-or-Sell-WiP histogram: green for long/buy, red for short/sell.

> NOTE: Do not place a trade unless there are 10-points, or more from the "go" candle to the nearest resistance line (when going long/buy) or support line (when going short/sell); the reason being the market may not move enough for you to take profit once your trade fills; FYI, I usually try for $0.30 profit when trading CALL/PUT credit spreads.