I notice you're not showing the highest probability type of chart for these type's of setups from a R/R perspective (particularly for manual entry and definitely not for manual adjusted entries). You are also not fully revealing the edge, only a part of it. Is this on purpose? or you're not fully aware of what I am speaking of?
this is the exact way that i programmed mine - the only difference will be in the settings - there are two settings length - of the rsi which i am using 5. swing - the numbers of bars to consider for the divergence to be valid which i am using 5.
If you are not inclined to backtest the exact procedure set down in this link then why not simply say so and save us all a bunch of time? lol "RSI Failure Swing: Trading the RSI the Wilder Way!" https://www.elearnmarkets.com/blog/rsi-failure-swings/
Lose the indicators. Focus on the 3rd apex area of either a wedge or micro-wedge. Al Brooks gives the best definition. All you seek is there...and more.
https://finviz.com/screener.ashx?v=211&f=sh_avgvol_o1000,ta_pattern_wedgedown2&ft=4 Good point, that's what he said... ...and big Al his self say so too... In the interest of the thread title, "high probability combination of indicators" we should expect to see momentarily, a refutation by accurate backtest of the precise method laid out in the linked article... "RSI Failure Swing: Trading the RSI the Wilder Way!" https://www.elearnmarkets.com/blog/rsi-failure-swings/
90 minute upper and lower "moving average envelope" set at half a percent of the price. Fast move breaks the envelope and continues.
A couple years ago, I backtested something with Bollinger Bands and it had good results. I'm trying to look through old notes to find it. It was for EUR/USD, though, not ES.
FJ, are you capable of backtesting this? "RSI Failure Swing: Trading the RSI the Wilder Way!" https://www.elearnmarkets.com/blog/rsi-failure-swings/ Do you intend to?