A trend-following strategy revolves around identifying and trading in the direction of prevailing market trends. Traders utilizing this strategy aim to capture significant price movements and profit from sustained trends in the market. One of the key advantages of trend following is the...
Ideally for use on 1Hr charts.
The Candle colours are as follows…
Light Blue for an UPTREND (Candle is above both Blue MA lines).
Light Pink for a DOWNTREND (Candle is below both Red MA lines).
Candle is Black when the MA line colours are not in sync (i.e. one Blue and one Red).
Ideally, when...
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