For both.
I use Trend Lines and Channels.
If you want to know more send me a private mail.
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Apprentice wrote:First. This indicator has been written on request.
According to the template, I am not the author of it.
Second. None of indicators does guarantees you one hundred percent success.
Third. Technical analysis is just one of the tools at your disposal.
When entering a trade Technical Analysis is usually only in fourth or fifth, last place in decision-making process.
I personally do not use indicators in my trading.
Those who have followed my trading know that I'm pretty successful.
Apprentice wrote:
This indicator gives an indication of trend reversal,
when the closing price rises / falls above / below the maximum / minimum for a defined period.
With Risk parameter we can determine the distance from the extreme price for that period.
We define it as a percentage of the range for that period.
Apprentice wrote:Please Try Updated Version.
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