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Often, even when using a trend following indicator, we ask ourselves these questions.
Use statistics to your advantage by using “Swapping level”.
Using this indicator, you will quickly see the underlying trend and know which trade direction to favor.
If we are above the blue channel, the trend is bullish and we will favor purchases.
Conversely if we are below the orange channel, the trend is downward and we will favor sales.
This indicator will then indicate a good entry point in position.
Once an entry point is detected, the indicator will draw a channel for you to follow the trend.
We then see when the latter weakens.
You can display or not this channel, configure the detection of the trend weakening and see a level of profit taking:
This indicator provides only one signal when entering a new trend and a screener is available to detect a possible buy or sell position.
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