CTP 1.96% 5.0¢ central petroleum limited

ctp 3hly chart [basing pattern?] , page-17

  1. 1,065 Posts.
    Hi jaks,

    I found the SAR to be too slow,
    so I developed my own.

    Buy Signal [Blue]:
    TEMA [8] on the LOW [not close].
    [using dots instead of lines]
    Sell Signal [RED]:
    TEMA [8] on the HIGH [not close].
    It needs to be read in conjunction with the pattern formation,
    and the relevent time frame [for each market].
    It also functions as the Stop Loss Level.
    Note:
    The Stop Loss Level is read from the PREVIOUS candlestick.
    Cheers,
    U2
 
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