Kilted Nessie v1.0

KILTED NESSIE v1.0

Description: Uses the “Kilted Strength Meter” for confirmation to take a trade as this system is designed for a ranging market (as shown).
This is a simple mechanical system that was tested on 30min charts with a very good win rate which is what we want from a mean reversion based system and it is designed for a 1:1 risk to reward ratio.
The key differentiator on this indicator which we see as a first on the Trading View Platform is a way of scoring your trade, so that you take a disciplined entry and able to journal that as evidence:

SETTINGS AND EXPLANATION

General Settings
- Show PinBars – This will highlight pinbars
- Show InsideBars – This will highlight inside bars
- Show Swing Highs – This will show high pivot points
- Show Swing Low – This will show low pivot points

1. If you are using the Kilted Strength Meter and you like using Bollinger bands then there is no reason why you can’t take trend based trades also when you see evidence of a trend starting, which is why we have added options to show Pin Bars, Inside Bars and swing highs and swing lows if you are a swing based trader. Yes this gives you a single indicator that provides you with trading opportunities when the market is going sideways and when the market is trending which is what we love about the Kilted Nessie. If you are just using the indicator to trade a sideways market then we recommend that you “untick” these options to keep things nice and simple instead.

ACCESS : If you need access to any of our indicators please use the link below to obtain access to this indicator or send us a private message on trading view.