1. for long/short
2. 20 for confirmation
3. for momentum
How to enter:-
After the indicator plots the entry for long/short on chart, wait for the price to break nearest and close above it. Combine with price action for better results.
when long signal is plotted, wait for the nearest resistance to be broken, while entering make sure that the price has not been in a continues uptrend or downtrend.
5 & 15 minutes timeframe
When to exit:-
Exit the position after 1% raise of price. eg:- if stock price is 1000, exit after 10 points. you can trail SL if you see a long trend comming
Where to place SL :-
- Place your SL 0.5%-1% from you entry or determine the nearest support.