New Iteksignal with multiple point of entry with more Continuation Pattern and filters.
Iteksignal is based on pure price action.
Trend Confirmation Line help you to stay on the trend side (Green/Red line).
Short term Trend Line is mainly use for Trailing Stop (White line).
Same Setup rules as Classic Iteksignal apply.
Indicators
Iteksignal signal – Blue or Green letter B or S with an arrow (Red for Sell)
Trade Setup Details
Iteksignal “Continuation Signal”
Continuation Signal Trade is designed to take advantage of price action turning points.
It seeks to find near term support and resistance levels and then identifies places on the chart to entry off of, and take profit of the established trend.
Iteksignal “Reversal Signal ”
Reversal Signal Trade is designed to take advantage of price action turning points.
The indicators are designed to show us where the near term support and resistance levels are and to give us a possible entry point.
Definitions
Signal bar: It is the closed bar where the indicator is plotted (Blue or Red arrows) in the chart.
Breakout bar: The bar that closes above an important Resistance/Support level
Entry bar: The first bar after the signal bar that reach the high of the Signal bar
SETUP ENTRY RULES
1. Wait for the signal bar closes. Enter the trade 1-2 tick above the high of the signal bar.
2. If the high of signal bar is near an important resistance level
enter the trade 1-2 tick over resistance (Aggressive entry) or
enter the trade 1-2 tick over the high of breakout bar (Conservative entry)
To cancel setup
If any bar after the signal bar closes below the low of the signal bar, the signal is INVALID and the setup is cancelled.
Iteksignal is based on pure price action.
Trend Confirmation Line help you to stay on the trend side (Green/Red line).
Short term Trend Line is mainly use for Trailing Stop (White line).
Same Setup rules as Classic Iteksignal apply.
Indicators
Iteksignal signal – Blue or Green letter B or S with an arrow (Red for Sell)
Trade Setup Details
Iteksignal “Continuation Signal”
Continuation Signal Trade is designed to take advantage of price action turning points.
It seeks to find near term support and resistance levels and then identifies places on the chart to entry off of, and take profit of the established trend.
Iteksignal “Reversal Signal ”
Reversal Signal Trade is designed to take advantage of price action turning points.
The indicators are designed to show us where the near term support and resistance levels are and to give us a possible entry point.
Definitions
Signal bar: It is the closed bar where the indicator is plotted (Blue or Red arrows) in the chart.
Breakout bar: The bar that closes above an important Resistance/Support level
Entry bar: The first bar after the signal bar that reach the high of the Signal bar
SETUP ENTRY RULES
1. Wait for the signal bar closes. Enter the trade 1-2 tick above the high of the signal bar.
2. If the high of signal bar is near an important resistance level
enter the trade 1-2 tick over resistance (Aggressive entry) or
enter the trade 1-2 tick over the high of breakout bar (Conservative entry)
To cancel setup
If any bar after the signal bar closes below the low of the signal bar, the signal is INVALID and the setup is cancelled.