WPRSI Signal with FPS Trend is a trend momentum trading system with also a filter of support and resistance. The purpose of this trading system is find the simplicity of the trading with clear signals. WPRSI is a indicator based on RSI and %Williams.
FPS indicator is the trend filter indicator. The bottom and top indicator is a price action tool that determines the direction when the price bounces on support (go up) or on the Top go down).
Options:
Buy
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FPS indicator is the trend filter indicator. The bottom and top indicator is a price action tool that determines the direction when the price bounces on support (go up) or on the Top go down).
Options:
- Time frame 15 min or higher.
- Currency pairs:majors, minors and Indices.
- WPRSI signal 27 period, filter up 10, filter down 10.
- FPS Trend period 14 (for 15 min, 30 mim and 60 min time frame, 240 min 13 period, daily 12 period).
- Bpttom and Top indicator default setting.
Buy
- WPRSI signal buy arrow.
- FPS trend blue bar.
- Price action bounces on the support (this is optional).
- Initial stop loss on the previous swing low.
- Make profit at the first resistance or with ratio stop loss 1.12.
- WPRSI signal sell arrow.
- FPS trend red bar.
- Price action bounces on the top (this is optional).
- Initial stop loss on the previous swing low.
- Make profit at the first support or with ratio stop loss 1.12.
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