FIBZY Trender w/alerts
A very simple indicator using momentum as buy and sell entries. Alert can be set when price changes direction.
Used with a linear regression channel and simple pivot points, anyone can enter and exit trades with relative ease and confidence.
Once trend changes you can use the plot line as the initial Stop Loss (immediately after entry). Then use it as a trailing stop as the trade continues.
The largest line signals the overall trend
Green = uptrend and Red = downtrend
Long Entry= Long signal + Green trend line
Short Entry = Short signal + Red Trend-line
Happy Trading,
FIBAUS
Used with a linear regression channel and simple pivot points, anyone can enter and exit trades with relative ease and confidence.
Once trend changes you can use the plot line as the initial Stop Loss (immediately after entry). Then use it as a trailing stop as the trade continues.
The largest line signals the overall trend
Green = uptrend and Red = downtrend
Long Entry= Long signal + Green trend line
Short Entry = Short signal + Red Trend-line
Happy Trading,
FIBAUS
Versionsinformation:
A few adjustment to smoothe out the alerts. It gives reliable signals in choppy markets.
Must be used in collaboration with a Volume based indicator.
Must be used in collaboration with a Volume based indicator.
Eat, Sleep, trade