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Originally Posted by lmx2000
And I think we should use the H1 period,the order's open price is the close of the 1H bar.When price close above the "high" line we go long and when price close below the "low" line we go short.By this method,we can confirm the trend is the real one,just eliminate some "shake" of the price.
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the picture you gave has open and clsoe defined as the shadows, but i think it will be better to do it as close of the candle. it seems to be a good indicator of trend change but due to the size between high/lows it could lose more than it makes, maybe using the previous high/low as a trailing stop would help preserve profit. so when the price hits the line it closes, when the candle closes and crosses the line a new trade is made.