strong movements in short time like last friday morning, trip up many indicators.... the same can be said for long periods of little to no movement, like after the new york close....
signals at the close, or near close, of friday's session can be thrown an additional loop by high spreads.... the effect is far worse if the indicator uses the 0 bar....
if the spread widens to say 40 pips, it appears to the indicator that the price has moved a true 20 pips....
the indicator below is the standard qqe with the zigzag factor i've mention before....
both the 60 and 240 eurjpy charts had signals going into friday's close.... usually those signals should be avoided unless you are comfortable with weekend gaps....
do not call this indicator via icustom for use in an ea...... i'll explain why later.....h
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signals at the close, or near close, of friday's session can be thrown an additional loop by high spreads.... the effect is far worse if the indicator uses the 0 bar....
if the spread widens to say 40 pips, it appears to the indicator that the price has moved a true 20 pips....
the indicator below is the standard qqe with the zigzag factor i've mention before....
both the 60 and 240 eurjpy charts had signals going into friday's close.... usually those signals should be avoided unless you are comfortable with weekend gaps....
do not call this indicator via icustom for use in an ea...... i'll explain why later.....h
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Attached File(s)
QQE w zigzag alerts.mq4
5 KB
|
520 downloads
QQE w zigzag alerts.ex4
13 KB
|
402 downloads
to trade and code, keep both simple... no call to impress....h