Trendline Reversal/Retest

Basic Indicator

The 'Trendline Retest Indicator' enables traders to enter positions with an optimal risk-reward ratio by triggering trades when the price retests a trendline. This approach helps follow trends effectively while minimizing risk.

Intermediate
follow trends

Key Features

  • Never miss a trade
  • Enter when the price touches the trendline, ensuring optimal risk-reward

References Indicator

Fixed Range Volume Profile (FRVP - Drag on chart)

How to Use

  • Just draw the trendline and combine with FRVP for take profit.
  • You can choose to readjust the trendline if conditions change.
15 min

Recommended Settings

Stop Loss: Wick or last 4 wicks + %
Recommended to set breakeven condition since this is chasing the trend.