INVITE-ONLY SCRIPT
Finger Print Trading System Trend indicator
Use this as a great way to know when to hold them and when to fold them.
check the trend
only trade the ribbon if it is in the same direction as the trend
notice that the ATR is different for each chart.
you can play with the values if you like... try to do it so that the Trend indicator is mimicking the flow of the chart as a whole.
the closer to the bottom the ribbon is, the better the long opportunity when it turns green
the closer to the top the ribbon is, the better the short opportunity is when it turns red
check the trend
only trade the ribbon if it is in the same direction as the trend
notice that the ATR is different for each chart.
you can play with the values if you like... try to do it so that the Trend indicator is mimicking the flow of the chart as a whole.
the closer to the bottom the ribbon is, the better the long opportunity when it turns green
the closer to the top the ribbon is, the better the short opportunity is when it turns red
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