Sholi Manual
Sholi is an intuitive trend indicator. It is suitable for beginner traders who need introductory information on a possible deal. It works on any assets and major timeframes. For trading we recommend using TF from 15m.
Adding an indicator to a chart
Basic settings
In the settings, you'll see just two items.
Sensitivity - is responsible for the quantity and quality of the signal. The lower the sensitivity, the less signals will be on the chart, but they will be more reliable. The higher the sensitivity, the more signals will be on the chart, but the quality will decrease.
Channel boundary color - selecting the color of the current price channel boundaries for the asset.
Briefly on how to trade
- You can enter a deal when a signal appears, without waiting for the candle to close.
- Stop-loss is placed behind the green (for longs) or red (for shorts) line / behind the actual channel boundary / at your own discretion.
- Fix the position partially or completely when a "coin" appears on the chart. In case of partial fixation we recommend to move stop-loss to breakeven.
If you have any questions about how to use it: https://t.me/MaxAlgoAdmin
Purchase a subscription and learn more about the project: https://t.me/maxalgo_bot
Our website: https://maxxalgo.com/