- Screen 1 (1 Day Time Frame): MACD Hightograme
... A bullish trend is indicated when the MACD histogram increases 3 times in a row and the most recent MACD histogram is greater than 0.
... A bearish trend is indicated when the MACD histogram decreases 3 times in a row and the most recent MACD histogram is less than 0.
- Screen 2 (1 Hour Time Frame): Stochastic
... Overbought: A buy signal is generated when the first screen is in an uptrend and the K-line crosses up the D-line below 20.
... Oversold: A sell signal is generated when the first screen is in a downtrend and the K-line crosses down the D-line above 80.
- Screen 3 (30 Minute Time Frame): High/Low Pivot & 21 & 50 Moving Averages
- A bullish trend is indicated when the second swing high has a closing price higher than the 21 & 50 moving averages.
- A bearish trend is indicated when the second swing low has a closing price lower than the 21 & 50 moving averages.
- Stop Loss:
... A stop-loss order for a bullish trend is placed at the lowest price of the green day candle.
... The stop-loss order is trailed up as long as the bullish trend is in place.
... A stop-loss order for a bearish trend is placed at the highest price of the red day candle.
... The stop-loss order is trailed down as long as the bearish trend is in place.
... A bullish trend is indicated when the MACD histogram increases 3 times in a row and the most recent MACD histogram is greater than 0.
... A bearish trend is indicated when the MACD histogram decreases 3 times in a row and the most recent MACD histogram is less than 0.
- Screen 2 (1 Hour Time Frame): Stochastic
... Overbought: A buy signal is generated when the first screen is in an uptrend and the K-line crosses up the D-line below 20.
... Oversold: A sell signal is generated when the first screen is in a downtrend and the K-line crosses down the D-line above 80.
- Screen 3 (30 Minute Time Frame): High/Low Pivot & 21 & 50 Moving Averages
- A bullish trend is indicated when the second swing high has a closing price higher than the 21 & 50 moving averages.
- A bearish trend is indicated when the second swing low has a closing price lower than the 21 & 50 moving averages.
- Stop Loss:
... A stop-loss order for a bullish trend is placed at the lowest price of the green day candle.
... The stop-loss order is trailed up as long as the bullish trend is in place.
... A stop-loss order for a bearish trend is placed at the highest price of the red day candle.
... The stop-loss order is trailed down as long as the bearish trend is in place.