OK, full props to Mladen and Mrtools for their constant effort to offer intelligent and interesting MTF non re-painting indicators.
This system uses two indicators, taken from Forex Station (for free...incredible).
The rules are, we wait for a dot to appear, from the Frama Ribbon indicator and take the trade in the appropriate direction then we close the trade when the first
opposite coloured candle appears from the xSuperTrend candles indicator. Or an opposite dot appears.
We can re-enter if the original colour candle returns and an opposite dot has not appeared.
Seriously...that is it!!!
Here are the set files for the indicators;
Attachment g
Here are a few charts with results;
Here are the indicators;
Finally here is the template;
The Frama Ribbon just needs to change the TF to 1 higher than the chart you place it on.
Chris
This system uses two indicators, taken from Forex Station (for free...incredible).
The rules are, we wait for a dot to appear, from the Frama Ribbon indicator and take the trade in the appropriate direction then we close the trade when the first
opposite coloured candle appears from the xSuperTrend candles indicator. Or an opposite dot appears.
We can re-enter if the original colour candle returns and an opposite dot has not appeared.
Seriously...that is it!!!
Here are the set files for the indicators;
Attachment g
Attached Image
Attached Image
Here are a few charts with results;
Here are the indicators;
Attached File(s)
frama ribbon 1.1 (arrows).ex4
40 KB
|
5,827 downloads
Attached File(s)
xSuperTrend - candles (mtf).ex4
21 KB
|
4,193 downloads
|
Uploaded Oct 10, 2019 9:16am
Finally here is the template;
Attached File(s)
frama ribbon colored.tpl
2 KB
|
3,875 downloads
Attached Image
The Frama Ribbon just needs to change the TF to 1 higher than the chart you place it on.
Chris