In this tutorial video we`ll look at how to identify reversal patterns that go with the trend direction. We`ll show how Bloodhound from Shark Indicators can be used to identify areas of the regression channel to align reversal patterns with the trend. We`ll also look at how to create a timed exit to find whether the entry conditions have the ability to forecast market direction.
Following the update to NinjaTrader 8, you may want to review the LizardIndicators Regression Channel indicator for the above outlined concept. To learn more about our premium indicators suite follow this link.