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REVERSALS

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  • The systems basically play reversals, it enters when the close is lower than its low of 5 bars ago to enter
  • It exits when the price is higher than the high of 5 days ago


  • Uses a 200 MA as a market filter, does not trade when the price is below its 200 Moving average
  • Uses a 5% stop, as per the red Stop Loss Line -- can be adjusted


The amount of bars it uses to look for reversals is set to 5 by default, but can be adjusted in settings.

Best to use on directional instruments where you know that the long term direction is up, for example:

TQQQ, SSO, SPX, SPY, or sector tickers -- but it would be best to include some more advanced filtering for sectors

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.