RichBomb Tool/Indicator

This is a customized strategy by RichTL indicator.

RichBomb helps traders catch explosive movements in the market.

RichBomb color the dots/diamonds by orange when at least three RichTL dots/diamonds come very close to each other forming a small range.

We usually on the break of the RichBomb range upward or downward. Stop Loss goes on the last major swing from the other side, and we target a 2/1 Reward/Risk Ratio.

RichBomb is not a stand-alone strategy, but acts as one confluence in your trading plan.

For example, if the price is sitting around resistance, we would be only interested in selling on the RichBomb range breakout downward, not upward.

RichBomb works on all instruments (Forex, Crypto, Index, Stock, Commodity...) and all Timeframes.

Good Luck!

Versionsinformation:

Use the link below to obtain access to this indicator.

Versionsinformation:

In this version, we updated RichBomb to become faster / more sensitive, thus plotting more diamonds and providing more setups.

The strategy rules remain the same.