Re: Suggestions for building a trading system
Posted: Tue Apr 25, 2023 12:05 am
Most indicators are based on price. A trading system should be built using 3 indicators (at least 3 indicators, in fact, at most 3 indicators).
Therefore, some excellent indicators that are not price-based are needed.
According to Mladen Rakic Master below, Smoothed Repulse belongs to this type of excellent indicator:
The Repulse indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve.
It is more relevant when compared to price and offers valuable additional information on the feeling and confidence that traders have about the markets.
Therefore, some excellent indicators that are not price-based are needed.
According to Mladen Rakic Master below, Smoothed Repulse belongs to this type of excellent indicator:
The Repulse indicator measures and displays the bullish or bearish pressure associated with each price candlestick in the form of a curve.
It is more relevant when compared to price and offers valuable additional information on the feeling and confidence that traders have about the markets.