I have also loaded aha's auto LRG, also looks great. Well done you guys.
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Discussion on Indicators pertaining SRDC 62 replies
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Quoting glenn5tDislikedaha
on your indicator I see a red box with a number on the right, it is not the current price, what does it signify.Ignored
Quoting accreteDislikedHi all, some might have seen my post on back on November 29th, with Orange's blessings on how i was utilizing the FiboChannel for levels, and then Dave created a nice document explaining how he is attaching the FiboChannel tool in this post. And Henry did a fantastic job of explaining when and how they should be placed and modyfied at this link.
These are good posts for getting an good understanding of how easy it is to manually place these channels on your own charts such as the image below shows, not one indicator used, just two manually drawn LRCs and two Fibo Channel tools used.
For those who wish to download and install the MT4 template that will show all the below info on a GBPUSD chart simply place this template file in your template folder and restart your MT4 and select the srdc_level_ii template.
Cheers,
Thom
http://accrete.com/fx-posts/tglex/sr...emplatepix.pngIgnored
Quoting Lou GDislikedHere is a continuously adjusting LRC channel indicator that I coded this morning. Though it does change with each new candle, the changes are very small (depending on number of days used and price action, of course) but I think it is a good compromise between SHI and longer-term channels.
There are two user-modifiable parameters - DaysBack and LRCColor which are what they say they are. If there is interest in this indicator I will post future revisions (incuding automatic Fibo and Monday logic) to this forum.Ignored
Quoting 4rexDislikedAccrete,
Very impressive. It took me a while to digest it and after changing some of the properties I liked it even more. I am not sure that I understand the location of your fibos. Thank You Very MuchIgnored
Quoting Lou GDislikedHenry,
Are we saying that trading should only be done in the direction of the trend? Or that it's more advisable to trade only in the direction of the trend? I can see it either way - retracements can sometimes be profitable but can take a long time if the trend is strong.
Thanks,
LouIgnored
Quoting Bom-BomDislikedJedis master, on my long journey to become master like you all, I will need your advice for sure :
1. Did I do correctly for today's LRC & Fibo for today's trade setup?
2. Please, take a look on the rectangle I draw on my chart. Say, that time I enter buy position on both the arrows (once the price hitting the lowest channel which was on Q4), sure I'll get a floating loss at the moment. Do you think what is the best Stop Loss to put on that trade? Do we always put 50 pips stop loss?
Please master, need your best advice, other wise, I will never be darth vader on the 3rd episode.........
May the force be with you... ( and the pips too, of course... )Ignored