EFC Indicator is based on a RSI 20/80 level rules
EFC Indicator finds the last 50 candles fractal low
EFC marks entry point of breakout of that fractal low's high
Stop Loss and Take Profit are set at a 1 x 2 risk reward ratio
I added Williams %R (10 period, -10,-90, hort. line-50)to act as a confirmation of a good bearish downward move
Price and %R are consolidating and moving sideways
EFC Indicator finds the last 50 candles fractal low
EFC marks entry point of breakout of that fractal low's high
Stop Loss and Take Profit are set at a 1 x 2 risk reward ratio
I added Williams %R (10 period, -10,-90, hort. line-50)to act as a confirmation of a good bearish downward move
Price and %R are consolidating and moving sideways
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