20 Day Fade from MarketGeeks, I like the idea!.
This indicator only looks at daily bars, regardless of what timeframe you are using.
We look for a new 20 day low that closes within the 25th percentile of it's daily range.
We also want our security to be in an uptrend.
Finally we are looking for the next day closing price (or current price) to be atleast 2% above...
The Fader indicator finds the moment when trends begin to reverse. It locks down a quick profit which makes it very effective. It also calculates if it's better to stay or leave after a day of having opened the position.
Flags tell you when to buy or sell, red triangles indicate losses whereas green triangles indicate earnings. It has been tested with over 15...