DislikedI created this indicator to show the signal if rsi & adx & custom trend is true...its useful for backtest too...Ignored
Thanks,
Michael
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DislikedI created this indicator to show the signal if rsi & adx & custom trend is true...its useful for backtest too...Ignored
DislikedHi Michael,
I like your idea and patience with entering the trades.
I specially got interested in your thread because of my new found love for ADX.
but...
I am not sure the dragon is the right pair to trade at the moment, since may2010 it has been in a tight range of less than 500 pips. This for a pair with an atr of close to 200. Compare this with EURUSD over the same period which has been in a nice trend. I think using your method would have netted some nice pips.
To use atr for defining trending or ranging market, here is a great technique...Ignored