TradingView
H3l10s
May 22, 2023 6:32 AM

Bath & Body Works (BBWI) - Frequency Formula Strategy - Long Long

Bath & Body Works, Inc.NYSE

Description

Strategy Overview: The Frequency Formula

Our trading strategy, "The Frequency Formula," is built on cutting-edge Fourier Wave Transform theory. The strategy utilizes four unique indicators: the Frequency Formula Chop Indicator (FF-CI), Frequency Formula Trend Indicator (FF-TI), the Frequency Formula Volume Indicator with Combined Ratios (FFVI-CR), and the Frequency Formula Net Buy/Net Sell Volume Indicator (FF-NBNS). Together, they identify optimal entry and exit points based on changes in market trends, volumes, and sentiments.

Why Now Is a Good Time to Enter

The FF-CI and FF-TI suggest that the current market chop and previous bearish trend are transitioning into a solid upward trend. Simultaneously, the FF-UVI-CR indicates increased buying volume and positive sentiment, suggesting strong support for the upward price movement.

What to Look for When Exiting

Keep an eye on our FF-VMI-CR and FF-NBNS Indicators. When the FF-VMI-CR indicator positive volume (blue) and negative volume (red) signals converge or "squeeze", this indicates a significant increase in net selling volume and might indicate a potential trend reversal; also, watch the FF-NBNS indicator's net-selling value (red) to increase and close at any value greater than zero, at this point you should exit the position.

Remember to always manage your risk, and don't invest more than you can afford to lose. Happy trading!

Trade closed manually

The FF-UVI-CR indicated that it was time to exit the position before the desired target was reached.
Comments
zAngus
Hi there, well done on starting to share your ideas with us. We hope you found it an enjoyable activity. Hope to see you post more.

From mod @zAngus
H3l10s
Hi @zAngus, thank you for the welcome! Yes, I will be posting more ideas for sure!
zAngus
@H3l10s, you are very welcome. Have fun !
More