This indicator tell us,where and when to buy/sell.And where to place our stop loss and targets.Buy zone area is the area above the blue trendline.When price cross this line, time to make a buy. If price cross the red trendline, that's a sell signal.
You will notice the green/red parallel line displayed on top or below chart.Use this as your profit target.Red line=sell target,Blue line=buy target.
To confirm the trendline we use the second indicator call "Arrow". We are only going to sell, when the last arrow before breakout was blue in color. And we are only going to sell when the last arrow before breakout was red in color.
Stop loss:
Depends on the time frame you trade. 30 pips (30M chart), 60 pips (4H chart).
Here is the screenshot of the indicator system:
buy signal:
1-price break the Blue Trend
2-Last arrow signal was from a blue arrow
sell signal:
1-price break the Red trend
2-Last arrow signal was from a red arrow
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