4 - Template 4 - DBS5 and 10 with Buy/Sell Setup Signals and Oscillator
and DBS5 are powerful stand-alone oscillators that generate high-probability
Mechanical Buy/Sell Signals. When the DBS10 and DBS5 Buy/Sell Signals
and Trading Patterns are combined, they become even more powerful and
are frequently followed by substantial moves, most often in the direction
Buy/Sell Setup Signals are plotted above the DBS10 Buy/Sell Setup Signals.
A green up-spike indicates a Buy Setup Bar, and a rise above the high
of that price bar will generate a Mechanical Buy Signal.
A red down-spike
indicates a Sell Setup Bar, and a drop below the low of that price bar
will generate a Mechanical Sell Signal.Trading Signals should only be
taken in the direction of trend, and at trend reversals. Trading Signals
against the trend should be ignored or used to take profits in an already
established position in the direction of trend.