SL Hunter Tracker is a meticulous hunter that tracks SL hunters. First it plots the fractals on the chart, then it draws lines from them to the last wick that touched that height. You can add sweep alerts, once per bar close, so that you get notified when a wick was touched.
@vaidab, Any tips on how we can best use this Stop Loss indicator ?
vaidab
⋅
What it does is identify places where the price may sweep for stop losses. If you are bullish this indicator would point out where your stop loss might be hunted or where to add another buy target to DCA better when someone does the hunting. You just have to have a good idea on where the trend goes and this indicator helps with setting the trade.
sami67186
⋅
@vaidab, Your indicator seems very impressive may be in future it will be more helpful for me because I am new in trading & learning. What is DCA? Can you explain more this indicator for newbies. Thanks for advance
vaidab
⋅
Sure, it's Dollar Cost Averaging. An investment strategy where you split your entry sum in 3 and put the other 2 orders lower, in case the price goes lower to catch a better average.7