225# Forex Diversity Trading System
Trend Channel Indicator Strategy
Submit by joy22
Forex Diversity is and Trend Following forex system
Time Frame H1
Currency pairs:any.
VQ Bars
Trend Channel indicator To make things easier for you, we are going to use Trend Channel indicator. This indicator uses fractals formula and can work on multiple time frames.
RSI-bars indicator Another indicator that we are going to use to visually follow the trend is an RSI-bars indicator. The RSI indicator shows the current trend this way: Red bars below 0 line = Down trend White bars above 0 line = Up Trend
The best stop loss level in Up trends would be the last support. And in down trends the best stop loss level would be the last resistance
For rules see pdf
In the pictures Forex Diversity forex system in action.
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