PROTECTED SOURCE SCRIPT

Failed Reversal

Updated

This is built on False Reversal or say Profit Booking logic where price is moving in an direction and suddenly reverses but then fails to sustain on that reversal and comes back to original trend.This is a Trend Following system and the entry exits are based on price action using 2 candles wherein close of second candle defines Entry and low of previous is SL.This also has an Stop loss Filter so that user's can avoid the trades having big candles as per their risk appetite .

Release Notes

This is an EMA based study ,it shows shift of trend based on EMA cloud.

Protected script

This script is published closed-source and you may privately use it freely.

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