![]() To decide if a price is really tending to rise (for Buy pattern) we compare the current close price with a price Then when RSI gets back from the critical zone along with price, blue candles appear (default color). The EFC pattern starts when the RSI hits a critical level and the candles turn orange (default color).įigure 1 – RSI enters oversold level (<20%). Here is a quick video on our backtest with the EFC trading indicator May be executed by market price: Backtesting results Overrun the RSI and come to an expected entry level before RSI gets a specified level, the entry order For example, for Buy pattern recovery level is 65% be default. When the option is enabled, an entry stop order is postponed until the RSI recovers See the option: "Use entry RSI filter" inĬhapter "3. If RSI turns back and goes again to over-zone, the signal cancel.Īlso, there is an alternative mode to form an entry signal.As soon as a price triggers the entry level, the indicator emulates trade entry.Entry price is the start price of the pattern (first We can put a stop order to enter a trade. RSI must then exit that zone and go restoring along with a price (blue bars).RSI must be in oversold (for buy signal) or overbought (for sell signal) zone (orange bars) Resuming everything written above we can outline the basic principles of getting Buy/Sell signals:.You will also see a green arrow point up (for a buy) or a red arrow pointing down When a SELL trade is triggered the remaining candles will turn red until the set stop loss or When a BUY trade is triggered the remaining candles will turn green until the set stop loss or take profit You can see by the above Diagram that the EFC finds excellent trading entries. Here is a simple Diagram demonstrating how the EFC indicator works so that you can get a general understanding of this tool. The EFC finds when the pullback is complete and creates a signal when to enter the trade.The EFC Indicator finds strong pullbacks and reversals in the direction of the trend.The EFC finds strong trends so traders can always trade in the direction of the trend.The EFC is designed to do three things to maximize trading entries. 19 The TEAM EFC Team Guarantee How does the EFC Indicator work: ![]()
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