Hello @BWiz Thank you for the information. It helps a newbie like me. You mentioned that you use this script only for higher time frames and not on 1m or 2m charts. May I please know what other indicator you use for higher time frame to trade futures? Thanks!Hey Mansor,
I personally use the RSI-L with FE that Mobius made for Theotrade. I use it to trade NQ and ES futures intraday on a 2min time frame to enter and exit trades. I also use an anchor chart of 5-10 times higher time frame so that I am trading with the trend. If the longer time frame is heading up then I only take long entries and vice versa for shorts. You can make small scalps trading against the trend using this indicator, but I dont like doing that unless price action tells me otherwise. Also, I dont find fractal energy of much use on the 2min time frame, its really only useful on longer time frames in my opinion.