For intraday trading, the Escala chart is setup to calculate the trend from today’s open. This prevents the previous day from influencing today’s analysis. Intra-day rule: on a 5-minute chart, if green lines outnumber the red ones by 10:00 a.m. the day will have a (strong) bullish bias implying that only long positions must be entered into throughout the day whenever bottoms occur. Conversely, if red lines outnumber the white ones by 10:00 a.m. the day will have a bearish sentiment, implying that only short positions must be entered into throughout the day whenever tops occur.

For EOD Chart
Buy when first green bar appears and exit the position if red bar start coming. Sell when first red bar appears and exit the position if green bar start coming. Always use previous bar high and low for placing an entry order…