Launch Pad_Trampoline

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Called Launch Pad_Trampoline because it allows the user to enter a position before a rocket. Trampoline, because if the user miss a gap up it allows the user to enter on a bounce.

How to use

Time frame: Daily

Long Position:
--Aqua background with white or green bars. Make decision near the Launch Pad (this allows for a near the entry exit if direction changes).

Censor:
--With aqua background, do not go long with black or red bars.
--If already in a long position with aqua background, and black or red bars appear, ignore or use as a warning that direction may change.

Short position:
--No background with black or red bars. Make decision near the Launch Pad (this allows for a near the entry exit if direction changes).

Censor:
--With no background, do not go short with white or green bars.
--If already in a short position with no background, and white or green bars appear, ignore or use as a warning that direction may change.

Cons:
--susceptible to chop: To avoid chop, one can use an ADX indicator, though this may keep you from entering your position near the launch pad (bigger loss if direction changes).
--To avoid chop, one can also give the direction, a couple of bars to develop. As with an ADX indicator, this approach may keep you from entering your position near the launch pad (bigger loss if direction changes).

Note:
If by the chance the launch pad is wide, aim for an entry at the bottom of the pad for long, top of pad for short.

Cons are part of the game. All in all the indicator works. Utilize proper risk management and always take profit ("can't go wrong putting money in the bank")

Best of luck all

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ملاحظات الأخبار

update of old version