For the latest grid color change and information about Fibonacci tool use with grid start with post #73
My GRID is a complete system, with pre-defined components, everything is planned in advance and nothing is left to guess. It is the most stress free way to trade that I could devise. It combines trend, counter trend, support and resistance with my numbering system; a derivative of Fibonacci retracement / extension and wave analysis.
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The multi colored grid has 10 different colors to help identify key prices based on the grid size.
Every 10 levels you will have the same color, except levels 1 and 6, these levels will be the same color.
Levels are identified by their number on the left side of the chart.
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The base numbers have a relationship that are also coded in a tab that appears when the toggle box is pressed.
The root of the grid is a simple numbering system; 0,1,2,3,4,5,6,7,8,9.
The grid has a few scales that I consider bases, they are the following:
1, 10, 100, 1000, 10,000 pip grids.
5, 50, 500, 5000 pip grids.
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By changing this number the grid size is changed. The default you see here is a 10 pip grid.
1 pip grid = 10 pips
1.1 pip grid = 11 pips ETC..
10 pip grid = 100 pips, 10.1 = 101
11 pip grid = 110 pips, 11.1 = 111 ETC..
100 pip grid = 1000 pips
110 pip grid = 1100 pips ETC...
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To move the grid box up or down on the right side of chart change this number.
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The indicator has many features you can change like hiding a level or setting an alert with the push of a button.
In future posts I will go over all the necessary information about my strategy, until then here is the indicator and template I use. There are only 5 colors instead of 10 different.
The template is useless without the indicator.
My GRID is a complete system, with pre-defined components, everything is planned in advance and nothing is left to guess. It is the most stress free way to trade that I could devise. It combines trend, counter trend, support and resistance with my numbering system; a derivative of Fibonacci retracement / extension and wave analysis.
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Attached Image
The multi colored grid has 10 different colors to help identify key prices based on the grid size.
Every 10 levels you will have the same color, except levels 1 and 6, these levels will be the same color.
Levels are identified by their number on the left side of the chart.
----------------------------------------------------------------------
Attached Image
The base numbers have a relationship that are also coded in a tab that appears when the toggle box is pressed.
The root of the grid is a simple numbering system; 0,1,2,3,4,5,6,7,8,9.
The grid has a few scales that I consider bases, they are the following:
1, 10, 100, 1000, 10,000 pip grids.
5, 50, 500, 5000 pip grids.
----------------------------------------------------------------------
By changing this number the grid size is changed. The default you see here is a 10 pip grid.
1 pip grid = 10 pips
1.1 pip grid = 11 pips ETC..
10 pip grid = 100 pips, 10.1 = 101
11 pip grid = 110 pips, 11.1 = 111 ETC..
100 pip grid = 1000 pips
110 pip grid = 1100 pips ETC...
----------------------------------------------------------------------
To move the grid box up or down on the right side of chart change this number.
----------------------------------------------------------------------
The indicator has many features you can change like hiding a level or setting an alert with the push of a button.
In future posts I will go over all the necessary information about my strategy, until then here is the indicator and template I use. There are only 5 colors instead of 10 different.
The template is useless without the indicator.
MY GRID. Markets are NOT random.