『An indicator that aims for breakouts by riding the trend』
Introduction to popular arrow-signal indicators!
Arrows make it easier to enter trades visually, don't they?
Are those arrows really effective? We summarized what to do if you want to verify and trade.
Looking at the sales page, it's very simple like this, but…
Isn't it a little too simple? (laugh)
But, actually,The product file includes multiple indicators packaged
It's fine to include all of them, but here's a case where I listed only the main ones.
Trading signals…The 15-minute USD/JPY is recommended, and reversal trading based on the arrow signals is also OK
Heikin-Ashi…Used as a profit-taking guide, for example when the color becomes opposite to the entry
Keltner Channel…Used as a counter-trend indicator when price crosses above/below the bands, or seen as a sign of a trend
ATR_Channels_MTF…Like multi-timeframe Bollinger Bands; touching the outermost band may indicate overextension
There is a possibility of a bounce. It can also be used as a take-profit guide. When a trend is in place, candles are positioned on only one side, which is also a point to watch.
This is a point to watch.
RCI_3Line…Using a 3-period RCI, when the long-term (green) line is sticking to the top or bottom, a trend is in progress.
You can capture pullbacks and retracements with the shorter-term red or blue waves.
How about this? Just by adding the included indicators, the arrow signals became so useful!
But, there are still some arrows that don't look great.
In that case, use the basics“Multi-timeframe analysis”to your advantage!
Display the 15-minute and 1-hour charts at the same time…
Look at the color of the 1-hour Heikin-Ashi and the direction of the arrows; if it's a downtrend, only enter with a down arrow on the 15-minute chart,
apply this filter and you won't have to make unnecessary entries!
Also, if you miss the entry, you can enter on the second arrow in the same direction, or
use the retracement of the three RCIs as an entry point.
By incorporating multiple indicators and multi-timeframe analysis, you can effectively utilize the arrows!
>>An indicator to ride the trend and target breakouts