Hey guys,
Its been a while since ive asked anything but im still here, still reading, still learning.
Just have a few question on the 4 hour tunnel and the indicators that are provided on the beginners forum by team alphid.
Excuse me if these sound too basic but I need to be sure that my thinking is right on these.
Its been a while since ive asked anything but im still here, still reading, still learning.
Just have a few question on the 4 hour tunnel and the indicators that are provided on the beginners forum by team alphid.
Excuse me if these sound too basic but I need to be sure that my thinking is right on these.
- This indicator needs to be placed on the four hour chart and the weekly chart doesn’t need to be checked because the little indicator at the top confirms if the weekly trend is ^^up^^ or ˇˇdownˇˇ? Right ?
- What is the green line for? it sometimes turns dashed when I change the timescale
- The grey lines that set the risk model. What are these based on? What are the moving averages? And how would one use these? Do you just place stops at these points?
- I need to understand why the warning signs are there. What are they based on? Where do they come from? Are they to do with the filter that’s described in the vegas document? If so could someone try to explain this to me a little differently. Im abit stupid and am finding it hard to get my head around it.
- The vegas document says that you should enter trades when the slope changes in your direction whilest on the wrong side of the 55 sma. The automated system sets off an alarm everytime the slope changes. Is it recommended to trade anytime the slope changes and the indicator says “ OK to trade” ?
Thanks in advance for your help. This board is by far the best place ive ever stumbled upon.
Cheers