PipFinite Swing Control [Indicator Reviews]

PipFinite Swing Control Features

Detects bias overall and waits until overbought/oversold conditions to enter pullbacks

It is primarily used as an entry indicator. Work in any timeframe and pair

• Use pullback signals to identify low-risk opportunities for capitalizing on market weakness.
• A better risk-reward profile is achieved by waiting for the market correction before you enter.
• Composed of 2 parts
  • Bias – Measures the direction of the crowd and its interest.
  • Swing Breakout Entry signals for overbought/oversold conditions
• Flexible tool that can be applied in many different ways to improve the trading system
• Entry Point
  • Trading from a confirmed system
  • The best combination of filters for momentum
• Exit Strategy
  • Traders will decide when to exit based on their own strategy
    • Support/Resistance areas
    • Price action patterns can provide reversal signals
  • You can use Exit Scope As an alternative exit strategy
• You can also find out more about the following:
  • Wave Period – Algorithm used to detect the overall bias
  • Pullback Period – The algorithm that is used to detect conditions of overbought or oversold
  • You can adjust The Pullback Period is the Wave Period (+/-) 2.
    • Wave Period = 8.We can use Pullback Period = 6 – 11
    • Wave Period = 10We can use Pullback period = 8 to 12
    • To filter out market noise, higher values can be used with lower timeframes.
      • H4 Wave Period = 5, Reverse Period = 5
      • In M15 Wave Period = 8 Pullback Period = 10
      • M5 Wave Period = 10 Pullback Period = 12.
• Supporting Tool
  • Combining price action with trading strategies is ideal
  • Support/Resistance is ideally combined with this.
  • Confirm signals by using Energy Beam
  • Combine to avoid false signals Volume Critical
    • Avoid buying signals if volume critical is overbought
    • Sell signals should be avoided if volume critical is oversold
• Never repaint
• Never paint over your work.
• Never recalculate
• Signals are only given when the bar is “closed”
• Compatible with Expert Advisor development