PipFinite Swing Control [Indicator Reviews]

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

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