The indicator plots a "Fractal © " containing the most significant levels for analysis and entry level selection.
Trend filtering is provided by a MTF P-SAR ( SAR will avoid repainting false signals).
The BullTrading Chaos Trend Wave is used instead the to trade fractals.
BullTrading Intraday StopHunt Indicator will provide 3 types of signals:
First one is a swing/intraday signal, it will alert you when the price is located at a very sensitive level (buy or sell) filtered by trend. If you check the indicator after the close of the day you can even know this exact level in advance (plot Red or Lime color).
Second signal will alert you the Chaos Trend Wave Moving Average Crossovers filtered by price position (related to the ) and mayor trend.
Third signal is a scalping signal, it will alert you all the breakouts filtered by price position (related to the ) and mayor trend.
You will be amazed the huge amount of trade opportunities for a given week trading only one financial instrument.
Obviously the indicator is not perfect and will plot few false signals on mayor trend reversals or big price manipulations. AVOID THE TRAP BY WAITING THE PRICE USING BUY LIMIT AND SELL LIMIT ORDERS.
NOTE: This indicator works on any timeframe, but standard settings are calibrated for 15' charts.