booboo528 wrote: Mon Jun 05, 2023 9:41 am Morning all,

Now the difficulty I am running into is regarding the continuation of trends/exhaustion.

If there are any serious traders out there who wish to discuss or feel that are able to guide me in a direction, please let me know. I am more than happy to post the system once complete.

The best indicator I have found that identifies trend exhaustion which are reversals is the ! Ehlers Fisher transform smoothed histo (mtf + alerts + btn)

You can download it from the link in this post: viewtopic.php?p=1295510485#p1295510485

"Prices do not have a Gaussian Probability Distribution Function (PDF). By normalizing prices or creating a normalized indicator such as the RSI or Stochastic, and applying the Fisher Transform, a nearly Gaussian PDF can be created. Such a transformed output creates the peak swings as relatively rare events. The sharp turning points of these peak swings clearly and unambiguously identify price reversals in a timely manner. As a result, superior discretionary trading can be expected and higher performing mechanical trading systems can be developed by using the Fisher Transform." [From the book, UsingTheFisherTransform)]

You can read more about the Fisher transform from the book, UsingTheFisherTransform: download/file.php?id=3326817

I suggest that whatever timeframe you trade on, enter when both the EFT line of the current as well as the first higher timeframe of the Ehlers Fisher transform smoothed histo have crossed their signal lines and the current timeframe EFT line should also be above the zero line, and exit when the first higher timeframe EFT line starts to slope in the opposite direction which will be indicated by a change in color of the histogram. For the "Price to use" I use the "Heiken ashi (better formula) typical" but you can use the Median price which is the default, as you like.

Let me know how that works out for you. All the best.