I think I understand. Look at the M5 lower highs/higher lows within the H1 candle for the direction to trade. Thanks.
http://i43.tinypic.com/5fhn3l.gif
http://i43.tinypic.com/5fhn3l.gif
TRO
How to program Higher-High Higher-Low 19 replies
What are Higher High, Higher Low, Lower High and Lower Low? 10 replies
Higher High/Higher Low indicator conversion from 4 to 5 decimals. Help anyone? 2 replies
Can u point me to code 2 show each bar with a higher high & higher low? 2 replies
DislikedNice to see you posting again V. Do you have an indicator that draws Y's High,etc or do you hand draw? Yes, I know, I am just getting lazy.
Regardless, your HL,LH strategy is working well for me, thanks.Ignored
DislikedHi V,
Have enjoyed your comments in force chat and have just read all through this thread. Lots of good stuff here, thank-you!
A question - perhaps this was covered and I missed it. Do you always wait for the close of the hourly cande? eg if the candle appears to be heading strongly in a particular direction, or appears to be forming an engulfing or other type, will you wait for this hourly close before you look for lh/hls etc on the 5 min?
Thanks again for your very good thread.Ignored
DislikedThanks V.
Another question, for when you have time. At times of uncertain market direction, do you flick the 1hr down to look at 30 or 15 min candles , or do you think this is not helpful?Ignored