-The Trend Friend indicator is tuned for 1 HOUR timeframe (BTC) only to capture the overall trend. -Signals are meant to be possible entries and profit taking opportunities -No strategy is 100% -Fib Band width can be adjusted for instrument and volatility
ABOVE BASIS (Uptrend) Long signals = buy and hold bias Short signals = take profit OR scalp opportunities
Price drops below basis, exit Long position
BELOW BASIS (Downtrend) Short signals = Short and hold bias Long signals = take profit OR scalp opportunities
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.