PipFinite Cluster Helix

88d

PipFinite Cluster Helix

Indicators Karlo Wilson Vendiola Version: 9.0 Updated: 7 July 2024 Activations: 5
A combination of trend, pullback, range breakouts and statistics in one indicator

Mainly functions as an Entry indicator. Works in any pair and timeframe.

Suggested Combination
Cluster Helix with Strength Meter

Strategy: Confirm signals with ideal strength levels
Watch Video: (Click Here)

Features
Detects range breakouts on pullback zones in the direction of the trend
Analyzes statistics of maximum profits and calculates possible targets for the next signal
Flexible tool, can be used in many ways to improve a trading system
StopLoss Levels
Option 1: Range Levels
Below blue range box for buy signal
Above red box for sell signal
Option 2: Statistical Data
Buy Average Value for buy signal
Sell Average Value for sell signal
Option 3: Higher Value
Compare Option 1 and Option 2, Select the Higher Value
TakeProfit Levels
Option 1: Standard TakeProfit
Buy Average Value for buy signal
Sell Average Value for sell signal
Option 2: Quick Takeprofit for Scalping
Minimum Average Value
Avoid late range breakouts
RSI value below 70 for buy signals
RSI value above 30 for sell signals
Avoid trend weakness
Only take the first 3 consecutive signals in the direction of the trend
It is best to avoid the 4th signal and wait for the pullback zone to change color or reset
Please watch the video for better understanding (Click Here)
Exit Strategy
Exit will depend on traders discretion according to his/her strategy
Support/Resistance Areas
Reversal signals from price action patterns
We can use Exit Scope as alternate exit strategy
Supporting Tool
Ideally combined with price action trading
Increase probabilities by combining to Strength Meter
Avoid false signals by combining to Volume Critical
Avoid buy signals if Volume Critical is Overbought
Avoid sell signals if Volume Critical is Oversold
Never repaints
Never backpaints
Never recalculates
Signals strictly on the “Close of the bar”
Compatible with Expert Advisor development

Day Trading Strategy (M15)
Buy Setup

H4 Timeframe shows bullish pullback zone (green zone). Go to M15 timeframe for entries
M15 Buy Signal
Strength Meter Bullish Level 1 to Level 3 only (Use Period = 20 for settings)
RSI is below 70
Set your stoploss
Option 1: Above the blue range box
Option 2: Buy Average value
Option 3: Select the higher value from Option 1 and 2
Set yout takeprofit
Option 1: Use average Buy Average value
Option 2: For scalping, use Min Average value
Sell Setup

H4 Timeframe shows bearish pullback zone (red zone). Go to M15 timeframe for entries
M15 Sell Signal
Strength Meter Bearish Level 1 or Level 3 only (Use Period = 20 for settings)
RSI above 30
Set your stoploss
Option 1: Below the red range box
Option 2: Sell Average value
Option 3: Select the higher value from Option 1 and 2
Set yout takeprofit
Option 1: Use average Sell Average value
Option 2: For scalping, use Min Average value

Scalping Strategy (M5)
Same as Day Trading Strategy but

H1 as Higher Timeframe
M5 as Entry Timeframe
Strength Meter Period = 14 for settings

Swing Strategy (H1)
Same as Day Trading Strategy but

D1 as Higher Timeframe
H1 as Entry Timeframe
Strength Meter Period = 7 for settings

Additional Guidelines
Trade only London and US session for best breakout volatility
Avoid signals 30 mins before and after major news releases
Skip the 4th and succeeding signals. Wait for a reset to avoid trend weakness

Video References
Please Watch in High-Definition to further understand

How it works (Click Here)
How to trade (Click Here)
How to avoid trend weakness (Click Here)
Combining to Strength Meter (Click Here)