The FTSE Index (UK100) has made a strong upward movement since the beginning of the year and is currently in the Resistance zone of the 2020 peaks. STS_ATR_Distance_Indicator shows that since the beginning of the Month the price has passed 62% of its monthly ATR (Average Monthly movement for the last 6 months) STS_RSI_MTF_Indicator shows overbought condition on all Timeframes with extremely high values. That's why we loaded our STS_Zig_Zag_Bot on the M30 timeframe to open short positions on each candle in which we have a 12-period ascending Zig Zag. The Trading Robot is set to close all positions in a descending 20-period Zig Zag. Currently, the Bot has opened 6 short positions.
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Get your STS_RSI_MTF_Indicator now: https://smarttradingsoftware.com/en/indicators/prd/sts-rsi-mtf-indicator/
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