I've added the Hi-Lo indi on a 5m setting to the template as a trial.
Tried a higher risk scalp using traps on indi 'Direction' only to trade, although for the direction of the trade I noted that the longest unbroken trap was on the 'Trader' indi.
Not to be recommended - but this was my though pattern when I took the trade.
There was an unbroken trendline on the Direction indi - it was the support trap 46238 which, had it gone wrong was my exit - but I was waiting to go long.
This was higher risk because it was against the prevailing down trend and looking for a 'bottom' is normally associated with a loss. So whilst it was a risk, I trusted the system of traps on stochs - but clearly this could have gone wrong.
1st illustration - waiting for up move - this told me that there were two 'o/s' signals (lime) on the top indi that coincided with similar signals on the lower indi. That was important as the support trap 46238 was unbroken and, had I bothered to draw one on the upper indi, that would have been unbroken too - because the starting point of all support traps is the lime signal lines.
2nd illustration - High risk entry - this showed the support trap 46238 still unbroken and the resistance trap 29626 breached. This was a higher risk buy entry (at price 46219) as the upper indi was very close to the o/b level.
3rd illustration - exit - this was at price 46236 and exit at the o/b signals because it was a high risk trade.
4th illustration was the aftermath of the move (top price was 46306) and whilst showing there was a lot more in the move I still feel content the trade was a plus.
This is a scalp on a 1m chart not using the smaller stochs 'Next Move' indi as it is too volatile on the 1m chart.
TEAMTRADER