Strategy suited to the US T-note ( ZN1! ) with a t-test of 4.06.
The 5 day is vital to Linda’s trend identification system. She’s done extensive testing and research using this indicator and has built models based on it. Linda used the 5 day to determine that large outlier price moves happen in the direction of the trend in each market about 9-10 times per year. The powerful part about that number is that when the trend does persist, it can go on a long run, making this a trade with a high expected value.
Note: the current exit criteria is sell 10 days after entry, users should experiment with different stop placements.
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.