Hello everyone
sorry my english
First I want to do a small explanation for this indicator, which will build upon my request
This indicator and named ADX 1
It draws Up Arrow and Down Arrow
Now we will name a successful arrow (SA) on each arrow which successfully predict the direction of the next candle
And we will call a failed arrow (FA) on each arrow which failed to predict the next candle
Now the idea is to build an indicator that can make an alert when specified Number of SA or FA are composed
For example
when I put the number 3 in the indicator, it make an alert when it is composed of three consecutive failed arrows or three consecutive successful arrows
Or when I put the number 5 in the indicator, it make an alert when it is composed a five consecutive failed arrows or five consecutive successful arrows
Why ?
Lets say that the pair make 6 consecutive FA as a maximum so we predict that the next arrow will be a SA
So I will open a trade in the same direction of the arrow
example :
sorry my english
First I want to do a small explanation for this indicator, which will build upon my request
This indicator and named ADX 1
It draws Up Arrow and Down Arrow
Now we will name a successful arrow (SA) on each arrow which successfully predict the direction of the next candle
And we will call a failed arrow (FA) on each arrow which failed to predict the next candle
Now the idea is to build an indicator that can make an alert when specified Number of SA or FA are composed
For example
when I put the number 3 in the indicator, it make an alert when it is composed of three consecutive failed arrows or three consecutive successful arrows
Or when I put the number 5 in the indicator, it make an alert when it is composed a five consecutive failed arrows or five consecutive successful arrows
Why ?
Lets say that the pair make 6 consecutive FA as a maximum so we predict that the next arrow will be a SA
So I will open a trade in the same direction of the arrow
example :