ATR Worm

This indicator was designed with the help of JC_Bywan and Nicolas, whom all my thanks go to!

I am for most part a scalper (using specific strategies, which I cannot develop here).

This indicator allows me to define the moment to open a trade.

As well as a safe distance to the next peaks / troughs (that distance not being respected, the considered trade won’t be taken).

With 2 scenarios :

1. Pattern validation with the next candlestick (e.g. a pinbar after a trend correction + validation by continuation of the movement with the next candlestick) ;
2. Horizontal breakout.

In the case of the first scenario, I take the trade on the blue spot ;

In the case of the second one, I take the trade on the red spot ;

(Two dots for each, depending on the direction of the trade) ;

The blue and red lines define the necessary distance between the opening of the trade and the next peaks / troughs (minimum ratio risk / reward of 1:1 – based on a distance from the lowest / highest of the candlestick of 0.5 pips + an ATR of 14).

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