4HR JRSX Algo

4HR JRSX Algo

The 4HR JRSX Algo is built for users who monitor swing conditions on the four hour chart. It uses a JRSX-based structure combined with candle confirmation rules to highlight moments where momentum rotation and exhaustion patterns align. This tool is designed exclusively for GBPUSD and EURUSD on the 4-hour timeframe.

Intended Usage

• Timeframe: 4-hour
• Pairs: GBPUSD and EURUSD
• Style: Swing trading
• Frequency: Roughly 10 to 15 setups per year per pair
• Alerts: Available for all potential signals
• Not intended for use during Asia session

Technical Methodology
JRSX Strength and Rotation

The script evaluates JRSX behavior to identify shifts in directional strength. It marks conditions where rotation or exhaustion aligns with predefined parameters. It does not forecast future outcomes and is not optimized for any other instruments.

Candle Confirmation Requirements

Signals only confirm after the bar closes, ensuring no intrabar repainting.
• Buy Conditions: Bullish close or a pinbar showing clear rejection from the downside
• Sell Conditions: Bearish close or a pinbar showing rejection from the upside

Only fully closed candles can confirm a setup.

Stop Loss and 4R Target Plotting

For each valid setup, the algo automatically plots:
• A suggested stop reference below (for buys) or above (for sells) the signal candle zone
• A corresponding projected target level based on a 4R multiple

These levels are provided as visual planning tools. They are not performance projections and should be used within each user’s own risk framework.

Session Guidance

The tool is not intended for Asia session trading. Signals forming in low-liquidity hours may not reflect the conditions the algorithm is built around. Users should focus on sessions with higher participation such as London and New York.

Swing-Focused Structure

Because this tool evaluates higher-timeframe momentum and exhaustion conditions, setups are selective. Users can expect around 10–15 signals per year per pair.

Alerts

Alerts can be enabled for buy conditions, sell conditions, and rotation events so users can monitor the pairs without remaining at their screens.

Important Notes

This script analyzes historical price and JRSX behavior. It does not predict future price movement or guarantee results. All trading carries risk. Users should test and review the tool on the intended pairs and ensure the approach suits their strategy before using it in live conditions.