Simple Top & Bottom Indicator with confluence of the KDJ Indicator!
Long Entry Example:
-Background Switched from red to blue
-Buy Label Printed
-KDJ close above 50
Short Entry Example
-Background Switched from blue to red
-Sell Label Printed
-KDJ close below 50
SL Placement:
-Last Bullish/Bearish Candle of previous opposite chart background.
Risk to Reward:
1:2 (recommended)
1.1.5 (higher Winrate)
I coded it into a Strategy.
Suitable for the 1min Chart.