Hi all, here is another example of applying Trailing Resistance Indicator on lower TF.
* My suggestion is TF30.
As you can see, with the help of this indicator, you can make your decision faster,
and make a sharper entry when you have detected a buy signal.
Detect buy signal (Daily TF)
Find best entry (TF30)
As usual, once price (candle) has crossed up the red...
Hi all, here is another idea for today.
You can also apply the Trailing Resistance Indicator on lower Time Frame chart!
As for example, you notice a Buy Signal on DTF , but you are not sure whether its valid or not...
Or you want a more valid/ sharp entry..you can change your chart to a lower TF..
I would suggest TF30...
And the Buy Signal is the same, once the...
Hi all, here is another idea for today.
You can also apply the Trailing Resistance Indicator on lower Time Frame chart!
As for example, you notice a Buy Signal on DTF, but you are not sure whether its valid or not...
Or you want a more valid/sharp entry..you can change your chart to a lower TF..
I would suggest TF30...
And the Buy Signal is the same, once the...
The basis idea of Trailing Resistance Idea is...
Everytime the stock price goes/closes lower than the day before,
we draw a line either at the opening price of the bearish candle or
at the closing price of the bearish candle...
Once we have drawn the line,
whenever the stock price crosses up the line,
we can consider it a valid reversal/a buy signal..
BUT,...
This is what happens when the stock is UPTREND, the price CROSSED UP the red line (Trailing Resistance).
MARKET SENTIMENT is also one of the thing that you should be alert about.
