Top & Bottom Indicator with KDJ Confirmation

31 May 2022

Simple Top & Bottom Indicator with confluence of the KDJ Indicator!

Long Entry Example:
-Background Switched from red to blue
-Buy Label Printed
-KDJ close above 50

Short Entry Example
-Background Switched from blue to red
-Sell Label Printed
-KDJ close below 50

SL Placement:
-Last Bullish/Bearish Candle of previous opposite chart background.

Risk to Reward:
1:2 (recommended)
1.1.5 (higher Winrate)

I coded it into a Strategy.
Suitable for the 1min Chart.

31 May 2022

Not

16% Gain on Account -> see Strategy Dashboard Top Right
(based on 1% Risk per Trade)

31 May 2022

Not

SL Placement: ATR, Swing High's/Low's, S/R-Level's is possible as well