Hi followers, This is very effective trend following strategy and we take entry only on trend confirmation which increases the profitable trades and also we can trail our SL if needed in this strategy. I have mentioned the indicators and how to use in the snippet. please go through the example and backtest on your selected stocks in all time frames and confirm...
This setup is good for Intraday and easy to make decisions of short or Long.
Colgate Palmolive is ready to rally into bullish mode as it has already reached accumulation stage and is about break out into uptrend. Time for you to take an action before it's too late.