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The unique colored candles show you powerful signs of whether the trade is a strong reversal or not.
Another key element to this indicator is the 50 candle price line
This line alone will take some serious stress away because there will be no need to be counting 50 candles back ever again when you have this indicator…
We know how precious your time is, so why waste it by counting 50 continuous candles back every time you switch your charts.
And this line alone is very powerful…
What goes on the last 50 candles on ANY timeframe is very important information to know because it gives you the current price action.
The automatic price detection makes it easy for you to sit down, look at your charts and see if there is a potential trade or not.
This saves you time which is priceless.
It’s that simple!
Just think about how valuable that could be for you.
You could potentially check 30 different charts for potential reversal trades in under 1 minute!
In fact, I tested this and I was able to check 36 different charts/timeframes for potential trade entries in under a minute!
The fact is, your time is extremely valuable makes this a must have for any serious trader.
With this indicator giving you an entry line when the RSI triggers, you can set up entry orders beforehand to make sure you get in the trade when the indicator tells you to.
Here is an example of what you can do before the entry line is triggered:
Trend Reversals with the EFC Indicator
So if the price action continues downward to the entry order, then you could automatically get in this trade when it hits the entry line price that the indicator gives you.
As you can see an early entry order was placed at the entry line that the Indicator shows you. If it’s triggered then you will already have your stop loss and 1 risk to 3 reward ratio set.
Just another option if you are short on time and you still want to enter the trade when the indicators tell you to do so.
Green Arrow (Buy Trade Confirmed)
Grean Candles (Buy Trade still activated)
Place you Stop Lose
Place Sell Stop
the trigger once the above conditions are met
Set a stop loss on each candle
Out length/take profit once the indicator arrow plot of Alpha trend