758# WPRSI Signal with FPS Trend

Submit by Lorenz

WPRSI Signal with FPS Trend is a trend momentum trading system with also a filter of support and resistance. The purpose of this trading system is find the simplicity of the trading with clear signals. WPRSI is a indicator based on RSI and %Williams.

FPS indicator is the trend filter indicator. The bottom and top indicator is a price action tool that determines the direction when the price bounces on support (go up) or on the Top go down).

Time frame 15 min or higher.

Currency pairs:majors, minors and Indices.

Metatrader indicators:

WPRSI signal 27 period, filter up 10, filter down 10.

FPS Trend period 14 (for 15 min, 30 mim and 60 min time frame, 240 min 13 period, daily 12 period).

Bpttom and Top indicator default setting.

Trading rules WPRSI Signal with FPS Trend

Buy

WPRSI signal buy arrow.

FPS trend blue bar.

Price action bounces on the support (this is optional).

Initial stop loss on the previous swing low.

Make profit at the first resistance or with ratio stop loss 1.12.

Sell

WPRSI signal sell arrow.

FPS trend red bar.

Price action bounces on the top (this is optional).

Initial stop loss on the previous swing low.

Make profit at the first support or with ratio stop loss 1.12.

In the pictures WPRSI Signal with FPS Trend in action.

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