Guys, presenting you with one of my favorite custom wrote indicator for intraday. It works best in a 5 min chart. Please use it along with your other favorite indicators to get more reliable results. I generally use this with MA's and have got enough success in this.
Once you get a long/short signal, keep a profit of upto 1.5% and SL of 0.7%. If you see the signals reverse in the subsequent candles itself, then exit the position and go in reverse or wait for a better confirmation.
This indicator basically uses the McGinley dynamic indicator with custom calculations and optimizations to make it more fit for intraday.
Thanks, happy trading. :-)
Once you get a long/short signal, keep a profit of upto 1.5% and SL of 0.7%. If you see the signals reverse in the subsequent candles itself, then exit the position and go in reverse or wait for a better confirmation.
This indicator basically uses the McGinley dynamic indicator with custom calculations and optimizations to make it more fit for intraday.
Thanks, happy trading. :-)