Aggressive Pullback IndicatorThis indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe of certain currency pairs, but will work on all timeframes and instruments. The rules are customizable, but the default settings are designed to reflect the rules of Steven's pullback strategy as closely as possible.
To enable alerts: Add the indicator to the chart and create a new alert with the settings Condition: API , Frequency: Once Per Bar (on Close).
Feel free to message me if you have any questions :)
- Matt.
Aggressive
Aggressive Pullback IndicatorThis indicator is designed to be used with the rules of Steven Hart's Aggressive Pullback Strategy. It is intended for use on the 4-hour timeframe but will work on all timeframes. The rules are customizable, but the default settings are:
Minimum Candle Pullback: 2
How Many Candles We Can Engulf: 3
Override Rule #2 If Candle's Body % of ATR Is Less Than: 99%
ATR Length: 14
EMA Length (close): 50
How Far To Look Back For Swings: 5 bars (this is used to invalidate engulfing candles that close above the swing high/lows that started the 2 candle pullback)
Visit www.thetradingchannel.net or www.youtube.com for information on how to use the strategy correctly (and profitably)!
* Note that like all indicators, it is not 100% accurate and will miss some signals. But it does catch the majority of them :)
