2 Finger Salute

AKA "2 Finger" Or "2FS"

The AlgoBox™ 2 Finger Salute is an indicator-based strategy specifically designed for range bars.

Example of a Loose Up 2 Finger Salute (bullish).

The 2 Finger Salute indicator detects a 2-bar pattern using proprietary algorithmic criteria.

Example of a Loose Down 2 Finger Salute (bearish).

The only range bar charts in the default AlgoBox™ workspaces are the Tide and Wave charts, which are the highest "time frame" sized charts of the AlgoBox™ system. Since the 2 Finger Salute is designed only for range bars, it is not recommended as an entry strategy by itself.

Example of a Moderate Up 2 Finger Salute (bullish).

The 2 Finger Salute indicator is a powerful tool for identifying market bias and setting targets. Combine it with the Order of Operations for a comprehensive trading approach.

Example of a Moderate Down 2 Finger Salute (bearish).

The 2 Finger automatically plots suggested potential levels for Target 1, Target 2 and Target 3.

Example of a Super Up 2 Finger Salute (bullish).

The two green lines represent Target 1 and Target 2, and the red line represents Target 3.

Example of a Super Down 2 Finger Salute (bearish).

There are 3 levels of 2 Finger Salute strength:

  • Loose

  • Moderate

  • Super

With a Super 2 Finger Salute, aiming for the red line (Target 3) may provide a higher probability of hitting than aiming for Target 3 with a Loose 2 Finger Salute.

Video Tutorials: 2 Finger Salute

WATCH: Vinny E. Mini teaches the 2 Finger Salute strategy and much, much more in this Part 1 video tutorial.
WATCH: Part 2 of Vinny E. Mini teaching the 2 Finger Salute strategy and much, much more.

Only available on AlgoBox™ for NinjaTrader 8. Try AlgoBox™ for free today.

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