Exiting at correct positions is so over rated, people tend to forget that exit is as important as entry and therefore we need to make sure that we use a good indicator setup that helps us to do that.
Falcon Indicator is a receipe developed by me during recent Bitcoin slump, where we really needed something more to help us get pass through ups and downs, sudden movements and in the market.
This indicator is perfect even for the swing and trend traders, intra day and day traders who want a quick win, rather than invest for long term.
Here are entry and exit plans based on this indicator:-
Setup: I keep at 20, MA at 14 and at 7 but I change it depending on the stock or crypto. Truth is, you can play with it and find what is best for your trading setups, but once you are done, it really works.
Buy: Buy when crosses above MA or , but should be below 50
Sell: Sell when crosses below MA or (You need to choose), should be above 150
There can be other entry and exit based on just values, and therefore I have added some max and min inputs too in the indicator, e.g. Buy when is -180 and sell when is 300.
Trading is a long process.
To all my friends who have lost in , or anywhere else in the market, don't worry, just follow the process and follow your own rules. Don't break them.
You can connect with me on Trading View, message me to discuss this further. Happy to take your questions.
P.S you can also add to this to give you certain price points, for market tops or bottoms within the time frame.
- Rectified MinVal error for min input for CCI min values.
Main changes that I have done recently in the script is to add minimum value to CCI
I will soon release Falcon CCI Pro, where we will show clear buy and sell signals based on calculations
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