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Teamtrader's Day Trading Setup

TEAMTRADER, Tue Dec 15, 2020 1:26 am

Here is a day-trading system that should produce profits every week - without fail.

It identifies both sideways movements and trends.

Notes
The background of the chart changes when the CCI-55 crosses zero.

The current support and resistance horizontals on screen show the trading channel. They delete when crossed as they are no longer relevant.

The double BB channels, combined with the background colour and trading S&R channel, show clearly when there is a trend starting.

Under the chart the CCI divergence finder indicator shows red histos when the momentum level of 100/-100 is crossed.
Blue histos shows divergence in the current timeframe.

The background colour will show divergence in the next higher timeframe.

Traders can add their own favourite indicators to this template.

TEAMTRADER
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