hi JULES
indicators is a SIMPLE ZIGZAG
indicators is a SIMPLE ZIGZAG
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OK, that is all I can think of this morning. Have I missed anything?
Now is a good time for feedback and questions on these terms and concepts before we carry on.
Robdee
DislikedNow is a good time for feedback and questions on these terms and concepts before we carry on.
RobdeeIgnored
DislikedI noticed that the sell zones seem to be higher (on a short) then the price you would have entered on an aggressive break entry. Is that correct.Ignored
DislikedWill we be discussing the mechanics of the sell zone placement later?Ignored
SellArrow[shift] = High[shift]+(High[shift]-Low[shift])/3;
In other words look at the breaking candle. Calculate the range (size) of that candle (range=high-low). Divide that range by 3. Add that value to the high and print the arrow at that price.
In effect the arrows are printed above the breaking candle at a variable distance from the candle (1/3 of the candle height).
If the candle size is large then arrow will be further above. If the candle size is small the arrow will be lower. In other words if there is a lot of momentum we expect a stronger pullback. Assuming that the bulls don't give up the fight.
DislikedIs these entries in pic ok?
Where is stop loss in both entries?Ignored
Dislikedperhaps someone will be able to add audio and text signals the appearance of the arrows?Ignored