Introduce a trading method using a MultTime_TrendBar indicator that displays rising/falling high and low bars, along with Stochastic

■ Overview

Introducing a trading method that uses the MultTime_TrendBar (multi-time high/low breakout/upward bar display indicator) and Stochastic.

This method utilizes the Stochastic oscillator for trading signals.

■ Method

1. Entry

＊ for a Buy

① When the MultTime_TrendBar color is blue, and

② when the Stochastic is at a oversold low level

＊ for a Sell

① When the MultTime_TrendBar bar color is red, and

② when the Stochastic is at an overbought high level

2. Exit

＊ for a Buy

① When the Stochastic reaches an overbought high level, or

② when the MultTime_TrendBar bar color turns away from blue

＊ for a Buy

① When the Stochastic reaches an oversold low level, or

② when the MultTime_TrendBar bar color turns away from red

■ Example

• MultTime_TrendBar Length 4 to 40, Mode to Body

• Stoch (5,3,3) level 80, 20

• USDJPY M5

• Entry: Yellow line

• Exit: Aqua line

■ Vendor page for this indicator

“Multi-time (four timeframes) High/Low breakout/upward bar display indicator”

■ EA sales site

The EA I developed mostly uses pullback selling and buying on dips, and since release it has been steadily profitable.

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