Five-Minute FOREX "Honest Path" Alert I'm hoping the above five-minute indicator will be the last version of a Forex day trading alert that I think might be an improvement over those which preceded it. First of all, I noticed this indicator does not produce any "clusters" of arrows, which is my preference so I am not annoyed with needless redundant alarms. Potential entry points follow the crests and troughs formed subsequent to each alarm (see the circles). This indicator does require a bit of discretion in that it sometimes constitutes a contrarian alert, signaling reversals in the intraday trend rather than possible entry levels, which I have noted by filling in the corresponding circles so that they are solid red or solid green.
See how often you're around at the right time to take advantage of this 15-minute chart daily high-probability trade alert... Here is a similar indicator for your hourly charts (below). For the 15-minute indicator, your keyword is "Extreme" and you labeled the one below "That's What I'm Talkin' About."