This is my signal generator indicator.
It uses mean reversion principles in order to find the best times to potentially enter the market in line with larger trends.
It creates a buy-stop / sell-stop signal with plotted levels indicating entry, stop-loss, and take profit levels.
This indicator has been extensively tested and is intended for use on the 5M chart, although all potential is available on any timeframe.
This script provides a clear forecast for potential price movements and capitalizes on frequent impulsive moves in the market before they occur.
The stop-entry model allows for trades to be placed before hand, and invalidated due to various criteria involving range-boxes or level breaks.
It uses mean reversion principles in order to find the best times to potentially enter the market in line with larger trends.
It creates a buy-stop / sell-stop signal with plotted levels indicating entry, stop-loss, and take profit levels.
This indicator has been extensively tested and is intended for use on the 5M chart, although all potential is available on any timeframe.
This script provides a clear forecast for potential price movements and capitalizes on frequent impulsive moves in the market before they occur.
The stop-entry model allows for trades to be placed before hand, and invalidated due to various criteria involving range-boxes or level breaks.
Versionsinformation:
changed to re-add box-filter removed for backtesting purposes.
this script is optimized in testing for 3am-2pm EST.
this script is optimized in testing for 3am-2pm EST.