FIBZY Trender w/alerts

A very simple indicator using momentum as buy and sell entries. Alert can be set when price changes direction.

Used with a linear regression channel and simple pivot points, anyone can enter and exit trades with relative ease and confidence.

Once trend changes you can use the plot line as the initial Stop Loss (immediately after entry). Then use it as a trailing stop as the trade continues.

The largest line signals the overall trend
Green = uptrend and Red = downtrend

Long Entry= Long signal + Green trend line

Short Entry = Short signal + Red Trend-line


Happy Trading,

FIBAUS

ملاحظات الأخبار:

A few adjustment to smoothe out the alerts. It gives reliable signals in choppy markets.

Must be used in collaboration with a Volume based indicator.