JF Indicator - John Fong - Private Fund Manager
Label "BUY" means to LONG.
Label "SELL" means to SHORT.
Buy 1 means First Buy signal
.
.
.
.
Buy 5 means the final buy signal
Sell 1 means First Buy signal
.
.
.
.
Sell 5 means the final buy signal
You will notice there is cases where "Buy" and "Sell" labeled next to each other.
To select either long or short, please refer to 150 SMA.
If price action above 150 SMA, select only "Buy" for LONG position
If price action below 150 SMA, select only "Sell" for SHORT position
If you want even higher win rate, select only label "buy" or label "sell" where price action touch 20 SMA or 50 SMA or 150 SMA
However, with this extra filtering you will have less numbers of trade.
This indicator only work with timeframe H4 and above.
Suggest to take profit with minimum 1.5R risk to reward ratio.
Label "SELL" means to SHORT.
Buy 1 means First Buy signal
.
.
.
.
Buy 5 means the final buy signal
Sell 1 means First Buy signal
.
.
.
.
Sell 5 means the final buy signal
You will notice there is cases where "Buy" and "Sell" labeled next to each other.
To select either long or short, please refer to 150 SMA.
If price action above 150 SMA, select only "Buy" for LONG position
If price action below 150 SMA, select only "Sell" for SHORT position
If you want even higher win rate, select only label "buy" or label "sell" where price action touch 20 SMA or 50 SMA or 150 SMA
However, with this extra filtering you will have less numbers of trade.
This indicator only work with timeframe H4 and above.
Suggest to take profit with minimum 1.5R risk to reward ratio.
Versionshinweise:
Label "BUY" means to LONG.
Label "SELL" means to SHORT.
Buy 1 means First Buy signal
.
.
.
.
Buy 5 means the final buy signal
Sell 1 means First SHORT signal
.
.
.
.
Sell 5 means the final SHORT signal
You will notice there is cases where "Buy" and "Sell" labeled next to each other.
- Enhance version. Buy and Sell signal is filtered with 150 SMA.
If you want even higher win rate, select only label "buy" or label "sell" where price action touch 20 SMA or 50 SMA or 150 SMA
However, with this extra filtering you will have less numbers of trade.
This indicator only work with timeframe H4 and above.
Suggest to take profit with minimum 1.5R risk to reward ratio.
Label "SELL" means to SHORT.
Buy 1 means First Buy signal
.
.
.
.
Buy 5 means the final buy signal
Sell 1 means First SHORT signal
.
.
.
.
Sell 5 means the final SHORT signal
You will notice there is cases where "Buy" and "Sell" labeled next to each other.
- Enhance version. Buy and Sell signal is filtered with 150 SMA.
If you want even higher win rate, select only label "buy" or label "sell" where price action touch 20 SMA or 50 SMA or 150 SMA
However, with this extra filtering you will have less numbers of trade.
This indicator only work with timeframe H4 and above.
Suggest to take profit with minimum 1.5R risk to reward ratio.