Reversal can be a TREND REVERSAL or a TEMPORARY PULL BACK. This tool works perfectly in both situations.
HOW TO USE:
AFTER YOU APPLY THE SCRIPT.
1. WAIT FOR THE FORMATION BLUE/YELLOW COLOURED BARS AT DAY HIGH/LOW.
Accuracy is highest when the REVERSALS are caught at DAY HIGH/LOW. I would suggest you to work only on DAY HIGH/LOW candles.
Do not jump into the trade. Wait for the candle to close.
2. BLUE represents the start of a or simply "SELL SIGNAL".
YELLOW represents the beginning of a or simply "BUY SIGNAL".
3. If the BLUE candle is formed at DAY HIGH.
SELL below it's LOW with DAY HIGH as Stoploss. (Keep some BUFFER).
If the YELLOW candle is formed at DAY LOW.
BUY above it's HIGH with DAY LOW as Stoploss. (Keep some BUFFER).
Risk : Reward = 1:1
Trail Stoploss for 1:2, 1:2.5, 1:3
RECAT can be used in any timeframe. However, lower timeframes tend to have more noise as compared to 15mins and above.
RECAT can be used with all the SCRIPTS. However, high scripts give better results.
THERE IS ABSOLUTELY NO REPAINTING AFTER THE CANDLE IS CLOSED.
CONTACT ME FOR ACCESS.
DETAILS IN SIGNATURE.
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