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Latest Trading System Explanation 10-21
**Trading System Explanation
**
Contains indicators: divergence, top and bottom index, trend channel, support resistance line, risk reminder
Divergence between Tops and Bottoms:
Bearish Divergence - Short;
Divergence at the bottom - Long;
Trend Channel: (Channel Color)
Red Channel - Go Long Only;
Green Channel-Short Only;
Gray Channel - Low Long High Short;
supportresistance line:
Key price levels valid within the day
Support and Resistance Index:
Near 70, 1-hour closing red candle, Short;
Near 30, 1-hour closing with a bullish candlestick, go long;
Supported Functions: Single text reminder, single email reminder, quantitative automatic trading