Description
This is an ingenious indicator that uses an RSI-like concept to produce a channel.
Together with the “Dimension” indicator (above 1.5 indicates a trend, below 1.5 indicates no trend).
When approaching the edge of the channel, while the dimensional indicator is also below 1.5, you can try to do a reversal trading.
Or, if the dimensional indicator is still greater than 1.5, it is possible to follow the direction of the current trend.
An indicator that applies both trend-following and reversal-trading.
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