These sideway indicators delete many trades. Bands help in the best possible way. Maybe we should work on finding indicators that marks situations when it is more likely that a good move will begin. Only beginners look only on indicators which represent up and downs.
I said 0 cross on cci 10 may be an option. Otherwise your system as in picture above only shows on macd tape 0 cross some good signals, but late. The angels of both outer bands is an option I would choose.
yes it is difficult to find when significant move will start.
because many times indicators align but price move is not strong to make good profit.
can not find any indicator yet but stlm histogram inclusion in sniper rishijay system was one reason to find this.
if you observe there remains different angles on price slope on stlm histogram in different kind of price moves. i use that angle and i have found it better then any angle showing indicator.
when there is sharp move of prices histogram bars moves faster to post bigger bars and creates more verticle angle and when there is slow price moves it creates very low angle. this second type of low angle are opportunities as this low angle can get taken away by single big price bar(changing angle on stlm next bar)
so if in trend there is counter trend retracement, and if i want to take entry again in the direction of trend, then i check the angle on stlm histogram, if it is low angle that means this angle can be taken away easily with one sharp bar in the direction of trend.
if angle is very steep on counter trend retracement then it shows that prices have strength as to create steep angle and reversal can also occur so i wait a bit more for confirmation.
use tighter band to find angle. set ma-period=5 to create much tighter bands, that are much tighter then your settings , that will give idea of angle of prices.
i have found angle of centerline of your settings of tighter band with angle of stlm histogram useful together.
you can also add angle of cloud(BLUE CLOUD- faster cloud) with it. you can create similar faster cloud for down price trend also if you want to add angle of cloud as guide with above two indicators
do not pay attention to bright blue and red colors on tma.
it is center line cross on tma- this are the points when major price actions starts.
tma center line cross displays angle of prices well.
markets are always fast, indicators will give signals late. there is no match of tma in finding angles on prices and its centerline crosses for price action assesment.
if you have any other tma( non recalculating) then do post here, i will test it out. as tma is far useful and faster to generate signal then other indicators.
use tma for assesment only , i.e to assess that your presumed direction of trend is going to be right or wrong.
it gives idea where the cycle ends and next cycle begins.
do not use it for trading indicator.
touchline indicators line also gives some idea about angle of price. but as it is smoothened it is not as useful as other indicators of sniper rishijay system
i think it is worth putting an idea forward to any coder to get histogram created of centerline of your settings of tighter band, histogram just like color changing and slope histogram of stlm indicator.
as centerline of your settings of tighter band is free of whipsaw, histogram will also be free of whipsaw.
as prices above centerline is uptrend and prices below it is downtrend broadly.
this histogram will also help identify when good price move will start.
Please reread my posts attached. Use any ma histogram for your purpose. Tighter band is for small sl on trends, wider to find the best place to enter on retracements based on volatility as it always changes. If wider bands break, you often have a new trend.
For daytraders as me, it is very important to trade, when strength comes, because small sl set at the bands, shall survive. On the long run, I have to filter sideways and cannot long when market is not trending the NEXT bars.
If you don't like cci, you can use rsi for this. I found famous, expensive systems: They just don't trade, when price on rsi 10 is between 45 and 55.
STLM shows small bars just in reference to all bars on chart. After strong moves, pullbacks appear small, but if you scroll on, the same bar shows bigger bars. To prevent this, you have to set maximum and minimum in options of that indi (like -100 and 100) and then all your advantages disappear. Therefore, that indi does not help much.
Most of your indicators are ma-based, that means, that your settings present the volatile pair. Try your system on eurchf 5 min on some sideway days and you see many false signals. My bands (not the ma in the middle) will adapt quickly like horizontal support lines, which are also very important and cci and rsi will still show strength in relative to the waves in the nearer past.
I talked to a frequent user of 1rsx indicator and my observation were correct: https://www.forexfactory.com/showthr...3#post10313243
Please try the attached indicator as your oscillator. Spikes out of the shown bands or extreme prices show that the price may change direction, BEFORE it occurs. Oscillators are ranging between extremes therefore it is normal, that they show false shorts on longer trends. You should not short, if lower atr-bands or averages bands are not broken. This is a non repainting indicator (like nearly all from coder mladen, one chief of forex-station.com), which is not often published.
Thanks, your information and experience with your indicators are very helpful.
{quote} To what band indicator, I posted, are you refering? What you write, is not true. Wihout bands, you just see an MA, on atr-bands.ex4 as I posted, its linear weighted lwma 11. The others can adopt better to changing markets as you can choose nearly 30 different ma. The important atr calculation just works with visible bands. How do you set good sl, that keep you also on 1 min charts long time in trends? The step oma (green-yellow in your pictures) is not always best choice.
hello, friend4you, i think it is worth putting an idea forward to any coder to get histogram created of centerline of your settings of tighter band, histogram just like color changing and slope histogram of stlm indicator. as centerline of your settings of tighter band is free of whipsaw, histogram will also be free of whipsaw. as prices above centerline is uptrend and prices below it is downtrend broadly. this histogram will also help identify when good price move will start.
Update v.1 sniper rishijay trading system new arrow in arsenal
