Disliked{quote} I have a simple formula for deciding how to set the pb channel....I have back tested many times to see if the 256 is respected and I have found it to generally be acceptable for me to get interested in a currency and whether to trade it or not. I use the 20 day Average daily range. For example the Pound Dollar averages a 110 pip move on average every day...multiply by 5 and you have a setting of 550. Euro/Cad averages 94...X 5 is 470 for the setting. Now here is a surprise because we consider JPY to be a big mover, but not so....the ADR...Ignored
it makes me ponder really it would be nice for two reasons to have an envelope that alerts you when your 10 pips from the evelope via push notification and highlights said area like you have
this would perhaps work nice for what your achieving also it would notify you and mark where a potential vtl is - ( that if i havent got vtls round my kneck a little in watching videos posted by alain there are hurst vtls that match with hurst cycles of relevant day period so i think im perhaps doing the paddling pool version )
with that in mind it would make sense to me to have trend lines with push alerts -
i would expect tracking multiple charts may perhaps become alot easier but then again the subjections above are a rookie mind set