A trend-following strategy entering pullbacks Simple but efficient
The components of the script:
-MTF ATR based Trend -Fib based cloud to help determine the trend -Oscillator which is based on the current close relative to the close-only high-low range over a given period of time
The signal frequency can be changed on: - Period - Length of the period to look for - i.e 25 means, the last 25 candles - Bullline - signals created if oscillator above this level - Bearline - signals created if oscillator below this level
I'd recommend taking the first few signals once the trend has changed.
Alerts are available as: - First long / short signal - Long / short signal - Take profit long / short signal - HTF trend change any direction - HTF trend change up / down
Does not repaint - however, wait for a candle to close before entering a signal.