Flagellum- Indicator

 DISCLAIMER: All trading Indicators and strategies are used at your own risk. The trading Indicators and strategies signal(s) doesn’t constitute a recommendation that any particular security, portfolio of securities, transaction or investment strategy to buy or sell. All buy and sell signal(s) generated is/are meant for entertainment and educational purpose.

*In layman terms, I am covering my ass and aren’t dropping the soap bar*

I name this indicator Flagellum: a slender threadlike structure, especially a microscopic appendage that enables many protozoa, bacteria, spermatozoa, etc. to swim. Normal, an indicator needs another or more indicators to confirm a trade. This indicator is good for short term trade/swing. It is good to deploy alone or work as a pair. As alone, “Flagellum” will signal a trend start and end.

However, for me, I use it to average a position or add on more trades if the situation permits. If you look carefully, when deploying “Zenith Trend change” and get a “buy” or “sell” signal and I enter a trade, and you wait for a signal from the “Flagellum” to appear, sometimes, the market will give a slight draw-back and this will trigger my second or multiple trades. I will only exit the entire position/ end-trend on the market when I get the next signal from the “Zenith Trend Change”.

It is good for a trader who wants to know how to average a position. In trading, there is nothing called absolute winning, I sincerely advise you to deploy Stop-loss orders in your trading in case of sudden unforeseen fundamental news. I need to advise you to read more and do your own research.

It is very simple to use,

set the Source = Close, HLC3 and etc

set the ATR Period = Duration

set the Multiplier = how many times

In the Style section, there is a label option to display the price to enter/exit