I do want to stress one more time that there is not just one way to enter and exit this indicator. If somebody put a gun to my head and asked the best set-up I would reply "Take my G-D damn wallet".
Sorry. Turrets syndrome. No really this is what I recommend:
1. Enter long or short on the lower TF. Again about 1-5 candles in the same color.
2. Look at the next longer TF. If the candles are going in the opposite color BUT the line chart is pointing and actually starting to penetrate the HAS candles that is good.
3. Third TF is not that important but if it shows signs of weakness i.e. wick:body ratio (Higher wicks and smaller bodies), HAS candles starting to hindge and price also hinging too you have an extra chance that your trend will continue longer.
So what I want is the lower TF to march forward in the desired color, Then I want the next longer TF to just start to change color. If you wait for the 2nd longest TF to already show the same color you have waited longer for solid confirmation BUT gave up some extra PIPS. Thise extra PIPS are usually a lot since price has the strongest velocity when price reverses.
Sorry. Turrets syndrome. No really this is what I recommend:
1. Enter long or short on the lower TF. Again about 1-5 candles in the same color.
2. Look at the next longer TF. If the candles are going in the opposite color BUT the line chart is pointing and actually starting to penetrate the HAS candles that is good.
3. Third TF is not that important but if it shows signs of weakness i.e. wick:body ratio (Higher wicks and smaller bodies), HAS candles starting to hindge and price also hinging too you have an extra chance that your trend will continue longer.
So what I want is the lower TF to march forward in the desired color, Then I want the next longer TF to just start to change color. If you wait for the 2nd longest TF to already show the same color you have waited longer for solid confirmation BUT gave up some extra PIPS. Thise extra PIPS are usually a lot since price has the strongest velocity when price reverses.