This Indicator is a good solution to trade reversals, it filters overbought and oversold Market Conditions using a Stochastic Indicator.
The levels of the Stochastic are fully configurable and it works intrabar offering confirmed ( after bar close ) signals and unconfirmed ( intrabar ) signals.
New version v2 now includes RBO (Reversal Breakout Order ) logic for Entries and Displays Entry with an Horizontal Line
So we just need to place the Entry Order ( Buy Stop for a Long and Sell Stop for a Short ) over the dotted line
If the Entry Level is touched we can also enable to place an Entry Marker ( Up / Down Arrow ) to make it PMS_Markers compatible
Read More about it on this Blog Post
|Compatible||Designed to be used with Markers System|
RISK DISCLOSURE (See CFTC RULE 4.41) :
Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.