Still don't seem to be able to find any information on this. Shame as I can't really go any further until I can figure it out. Perhaps if I post an example of the chart with a monowave indicator that I'm currently building, what I'm asking will make more sense.
The attached file contains a chart in which the boxes represent the directional action (drawn by myself using metatrader 5). However, to apply the Rule of Neutrality and other rules, I have to first apply the Rule of Proportionality.
However, this brings me to my first problem. Which of the boxes (1 to 6) do I use for applying the ROP? Or do I simply apply the ROP to the whole graph (which, as I can tell, would go against the directionality)? From what I can gather, I would apply the ROP using the directional action in box 6, and then use the scale obtained from that, to apply the RON to the rest of the graph.
But I could very easily be wrong. Any information on this would be great.
Regards,
Steven
The attached file contains a chart in which the boxes represent the directional action (drawn by myself using metatrader 5). However, to apply the Rule of Neutrality and other rules, I have to first apply the Rule of Proportionality.
However, this brings me to my first problem. Which of the boxes (1 to 6) do I use for applying the ROP? Or do I simply apply the ROP to the whole graph (which, as I can tell, would go against the directionality)? From what I can gather, I would apply the ROP using the directional action in box 6, and then use the scale obtained from that, to apply the RON to the rest of the graph.
But I could very easily be wrong. Any information on this would be great.
Regards,
Steven