I've used a similar method for over a decade now - and they tell you, you can't make money with Indicators!
The trick is the narrow range bar pullback on the SMA along with the 2RSI <25%
75% win rate + some very decent R multiple moves = a very successful system/method
The Indicator catches price cycle moves - some will be good, some bad - Walter Bressert published works on this in the 1990's where he used a 3RSI smoothed by a 3 period SMA
You can use a stoch setting 533 and it will do a pretty decent job too
The trick is the narrow range bar pullback on the SMA along with the 2RSI <25%
75% win rate + some very decent R multiple moves = a very successful system/method
The Indicator catches price cycle moves - some will be good, some bad - Walter Bressert published works on this in the 1990's where he used a 3RSI smoothed by a 3 period SMA
You can use a stoch setting 533 and it will do a pretty decent job too
THT