Camelback Technique

Camelback Technique
As seen on Joe Ross’ trading manual. This strategy uses a moving average channel of highs and lows and an exponential moving average to define the trend.

Long

Price is above the 40-period simple moving average of highs
Slope of 15-period exponential moving average is not flat or negative
Wait for a bar with a lower low (signal bar)
Buy one tick above signal bar

Short

Price is below the 40-period simple moving average of bar lows
Slope of 15-period exponential moving average is not flat or positive
Wait for a bar with a higher high (signal bar)
Sell one tick below signal bar

References:
Joe Ross, Trading Manual, Tips, Tricks, Strategies and Tactics for Traders
forexsb.com/wiki/tra.../camelback-technique