Similar to X system but here I use the super trend with MTF function
the sell option depend on the % channel sell seen in red as bearish rule (so both need to agree)
the buy option depend only on the MTF which is set on 2 hour on 1 hour candles. you can try to modify if you want shorter times to see if it better
if you want it sell more just remove the and...
I took the script from here so credit to the author
made some slight modification and add fib to make the buy point more stable
it can be improve further with addition of some extra, I did not check if it repaint as it not my code
Based on my previous indicator , this indicator plot a trailing stop using classic conditions.
Using The Indicator
Like any trailing stop when price is higher than the trailing stop this imply a buy signals, when price is lower than the trailing stop this imply a sell...
Based on the Auto-Line code, the Efficient Auto Line aim to provide a more controlled adaptivity of the indicator. The first indicator of this sort worked this way : when the absolute difference between the price and the indicator is higher than the previous indicator +/- A pips of amplitude, the indicator will display the closing price, else its...
Using SuperTrend lines to indicate a good time for entering on long or short; 3 supertrend settings together. All 3 lines must agree in order to confirm entry. Works like magic!
Feel free to combine with any other of your trusted tools in making decisions.
Above stated is only my personal method, and should not be seen or used as...