Trend Direction & Force Strategy is also based on a custom indicator. Trend Direction & Force Strategy is really famous among swing traders and reversal traders. I found this indicator on Forex Factory. This is a great forum to discuss and share your knowledge about Forex, Binary Options, Stocks, CFD. Also, make sure to see my other sources which I used to learn and practice
“Trend direction & force” is the name also known as “Trend direction & force eMod” or in short term TDF indicator. I don’t know the exact mechanism behind this indicator. But I heard it’s based on the Williams %R indicator. These are rare indicators I’m sharing with you. All the credit goes to awesome developers. Without them, Trading would be on stone age.
Trend Direction Force Index : How Trend Direction & Force Strategy Works
Trend Direction & Force Strategy does what it says. We use it to determine the Trend direction and force of the trend. This is very useful for reversal trade confirmation. You can also combine two TDF indicators together and get a powerful confirmation. Everything I have shown here is insights for you. You should do your own testing and check with other strategies. Maybe you’ll find the holy grail strategy
Try different settings and time frames. Most importantly don’t give up until you find the strategy you seek.
Indicators used : Trend direction & force e Mod ( ($9.99 Only + Instant Download)
Time Frame : 1M,5M,15M
Expiry Time: 1M,5M,15M
Entry: 2-3 Seconds Before Previous Candle Expiry
You need to set up your charts like below ;
TDF Settings
Time Period: 4
Time Frame: Current Time Frame
Alerts on: true
Alerts at close bar: true
Trend Direction Force Index Rules
Wait for the indicator line touch top or bottom. (oversold and overbought) . Once that happens to enter the trade at the start of the next candle. I prefer to enter 2-3 seconds before the expiry of the current candle because of the Connection latency. This is also a Reversal Strategy.
See the chart Below For Possible Entries for Trend Direction Force Index
Disclaimer for Trend Direction Force Index
NOTE: This article is not about investment advice.
www.fbforex.com/disclaimer