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Trailing Resistance
What is it?
This is a simple indicator that plots/maps resistance based on the closing price.
How to use it?
Simple. If candle (price) CROSSES UP the red line and stays ABOVE it, we BUY.
If candle (price) CROSSES DOWN the red line and stays BELOW it, we SELL.
* You can RIDE the SHORT UPWARD MOMENTUM as long as the price is ABOVE the red line.
This is a simple indicator that plots/maps resistance based on the closing price.
How to use it?
Simple. If candle (price) CROSSES UP the red line and stays ABOVE it, we BUY.
If candle (price) CROSSES DOWN the red line and stays BELOW it, we SELL.
* You can RIDE the SHORT UPWARD MOMENTUM as long as the price is ABOVE the red line.
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