This the new development I am expermenting in 5 Minutes chart and work in all currency pairs. The tools required for this are as follows
Murry Maths Line
QQE Alert
Heiken Ashi
Bull Indicator
The trade is conducted when the candles are placed in the critical level in
murrey Maths line and followed by QQE Alert and bulls indicator show significant strength in the movement
Entry Long or short: Confirmation of the following
Candles are placed in critical Level
QQE Alert
Bull indicator shows significant movement
Colour change in HA
Murrey Maths details as picked from the indicator:
Line 8/8 è 0/8 (Ultimate Support and Ultimate Resistance).
// * Those lines are the most strong concerning Support and esistance.
// ============================================================================================
//* Line 7/8 (Weak, Place to Stop and Reverse).
//* This line is weak. If suddenly the price was going too fast and too far and stops around this line
//* it means the price will reverse down very soon. If the price did not stop near this line this price
//* will continue the movement to the line 8/8.
// ============================================================================================
//* Line 1/8 (Weak, Place to Stop and Reverse).
//* This line is weak. If suddenly the price was going too fast and too far and stops around this line
//* it means the price will reverse up very soon. If the price did not stop near this line this price
//* will continue the movement down to the line 0/8.
// ============================================================================================
//* Line 2/8 and 6/8 (Pivot, Reverse)
//* Those two lines yield the line 4/8 only to the strength to reverse the price movement.
// ============================================================================================
//* Line 5/8 (Top of Trading Range)
//* The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8.
//* If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means
//* that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above
//* 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue
//* falling to the next level of resistance.
// ============================================================================================
//* Line 3/8 (Bottom of Trading Range).
//* If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level.
//* If the price broke this line during the uptrend and staying above during the 10 12 days it means that the price will be above this line
//* during the 40% of its time moving between this line and 5/8 line.
// ============================================================================================
//* Line 4/8 (Major Support/Resistance Line).
//* It is the major line concerning support and resistance. This level is the better for the new sell or buy.
//* It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.
Murry Maths Line
QQE Alert
Heiken Ashi
Bull Indicator
The trade is conducted when the candles are placed in the critical level in
murrey Maths line and followed by QQE Alert and bulls indicator show significant strength in the movement
Entry Long or short: Confirmation of the following
Candles are placed in critical Level
QQE Alert
Bull indicator shows significant movement
Colour change in HA
Murrey Maths details as picked from the indicator:
Line 8/8 è 0/8 (Ultimate Support and Ultimate Resistance).
// * Those lines are the most strong concerning Support and esistance.
// ============================================================================================
//* Line 7/8 (Weak, Place to Stop and Reverse).
//* This line is weak. If suddenly the price was going too fast and too far and stops around this line
//* it means the price will reverse down very soon. If the price did not stop near this line this price
//* will continue the movement to the line 8/8.
// ============================================================================================
//* Line 1/8 (Weak, Place to Stop and Reverse).
//* This line is weak. If suddenly the price was going too fast and too far and stops around this line
//* it means the price will reverse up very soon. If the price did not stop near this line this price
//* will continue the movement down to the line 0/8.
// ============================================================================================
//* Line 2/8 and 6/8 (Pivot, Reverse)
//* Those two lines yield the line 4/8 only to the strength to reverse the price movement.
// ============================================================================================
//* Line 5/8 (Top of Trading Range)
//* The price is spending the about 40% of the time on the movement between the lines 5/8 and 3/8.
//* If the price is moving near line 5/8 and stopping near the line during the 10 - 12 days so it means
//* that it is necessary to sell in this "bonus zone" (some people are doing like this) but if the price is keeping the tendency to stay above
//* 5/8 line, so it means that the price will be above. But if the price is droping below 5/8 line it means that the price will continue
//* falling to the next level of resistance.
// ============================================================================================
//* Line 3/8 (Bottom of Trading Range).
//* If the price is below this line and in uptrend it means that it will be very difficult for the price to break this level.
//* If the price broke this line during the uptrend and staying above during the 10 12 days it means that the price will be above this line
//* during the 40% of its time moving between this line and 5/8 line.
// ============================================================================================
//* Line 4/8 (Major Support/Resistance Line).
//* It is the major line concerning support and resistance. This level is the better for the new sell or buy.
//* It is the strong level of support of the price is above 4/8. It is the fine resistance line if the price is below this 4/8 line.
Attached File(s)
Murrey_Math_Line_X_eng.mq4
13 KB
|
656 downloads
QQE Alert v1.ex4
7 KB
|
581 downloads
mm.tpl
18 KB
|
583 downloads
HeikenAshi_DM.ex4
3 KB
|
571 downloads