This tool is a momentum reader You can use this tools at any timeframe When the momentum is meet the condition then it will show the signal The signal are "Buy" and "Sell"
Buy means that you Long or exit your Short at the price Sell means that you Short or exit your Long at the price
There's pivot line at there Pivot line is showing how strong the momentum right now If the price above or way above the pivot line then the uptrend is strong (very bullish) If the price below or way below the pivot line then the downtrend is strong (very bearish)
Don't blindly Buy or Sell just because the signal is coming out Combine it with the market structure, look at the big picture instead lower TF and the edge is yours The best entry is when the price bounce close to the pivot point Be carefull with the sideway or choppy market. You can see that the price is going up and down at the pivot line and the signals come out quite often
Follow your trading plan, be patience (don't FOMO) and be discipline with your plan... Cheers...
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We put a new signal to help you spot the major direction it's called "Anchor Timeframe". We use 2H as the main timeframe and 12H as our "Anchor Timeframe" We suggest that you use it as your anchor from your main timeframe If you're a daytrader with Hourly TF, we suggest you put daily or higher TF at "Anchor Timeframe" of if you use it at scalping with Minute TF, you can put the "Anchor Timeframe" at Hourly
There's a Pivot Anchor line too It will help you to find out higher TF pivot line movement
Follow your trading plan, be patience (don't FOMO) and be discipline with your plan... Cheers...