TradingView
Tradingstrategyguides
May 17, 2019 8:50 PM

1H WTIcrude EFC INDICATOR STRATEGY Short

WTI CRUDE OILTVC

Description

EFC Indicator is based on a RSI 20/80 level rules
EFC Indicator finds the last 50 candles fractal low
EFC marks entry point of breakout of that fractal low's high
Stop Loss and Take Profit are set at a 1 x 2 risk reward ratio
I added Williams %R (10 period, -10,-90, hort. line-50)to act as a confirmation of a good bearish downward move
Price and %R are consolidating and moving sideways
More