PWC V9 indicator
PWC V9 indicator
Although I spent a great deal of time learning Price Action many years ago, it is far too subjective for me to ever turn a profit consistently. It wasn’t until I started using moving averages that I began to make money. While moving averages don’t perform well in ranging markets, they are far more conducive to developing a systematic trading mindset. If we can stick to entering trades mostly on the first pullback, we will tend to achieve favorable long-term returns.
There are three main types of signals:
1, After a trend reversal, a trading signal is triggered each time a candlestick breaks above or below the previous candlestick of a different color.
2, buy stop/ short stop entry signals following overbought or oversold conditions.
3, Reversal signals upon touching the moving average band.