Hi, I still wait for your detailed answer. Do you think, oscillators and indicators that don't show the same nearly ALWAYS are better like in most other trading systems?
Why don't you like oscillators?
Thank you. Look at my older pictures. It is not always as easy, but if wider band breaks, a bigger move is possible. If trend goes sideway, you can put your last part on a wider sl at the bigger bands. They are also like resistance lines. For most pairs, it works very good. Only if an instrument is sideway ALL the time, every MA needs changes. Filtering is not easy, always watch higher timeframes. Why don't you like oscillators? As many of your indicators are measuring MA, they all tell the same even on ranges. Lindercourt is a popular system using...
oscillators are useful in nontrending markest,
sniper rishijay system is aimed at catching trends and so you can set your tp levels as per your choice.
every trader have their own tp and sl mechanisms set for their style.oscillators gives early exit in trending market.
so check this out.find your answer -tp === l. in rar file
hope this tp level will help you out solve problem.
see the image attached.
some indicators are for assesment. some for filtering sideways market.
some for deciding tp and sl levels- target bands.
some for early exit. eft macd.
they all need not align always to take entry and exit.
some to keep in trend- step oma with centerline atr
like that indicators have different purpose
Thanks. Make folder Downloads in indicators, so that tlp in rar works. Oscilators are also useful for trending markets, but I meant indicators for filtering best entry and sl points. Where do you change sl?
Your indicators show the past and I'm missing the atr band indicators I posted and that you liked so much. Bollinger Bands break out in both directions and are for sl useless then.
Target bands and Tmaslope are repainting and stlm should be fixed on max. and min. values on options like 40 and -40, so that its bar height isn't changing according to chart volatility, which is temporarely on screen.
TmaSlope and as tp Target Bands are centered tma and repainting, no ea can use it.
oscillators are useful in nontrending markest, sniper rishijay system is aimed at catching trends and so you can set your tp levels as per your choice. every trader have their own tp and sl mechanisms set for their style.oscillators gives early exit in trending market. so check this out.find your answer -tp === l. in rar file hope this tp level will help you out solve problem. see the image attached. some indicators are for assesment. some for filtering sideways market. some for deciding tp and sl levels- target bands. some for early exit. eft macd....
I made the heijden MAC3D alert on each timeframe change or start invisible, nothing else. Indicators of older rar files are necessary for template.
Which ETF indicator is in the subwindow?
Trend direction can be using against sideways, but good settings are difficult to find.
/* Alert(" Initializing.....");
Alert(" There are ",Bars," Bars on this Chart");
HighestIndex=ArrayMaximum(High,WHOLE_ARRAY,0);
LowestIndex=ArrayMinimum(Low,WHOLE_ARRAY,0);
Highest=High[HighestIndex];
Lowest=Low[LowestIndex];
Alert(" The Highest price on this chart is ",Highest," Reached on ",Time[HighestIndex]);
Alert(" The Lowest price on this chart is ",Lowest," Reached on ",Time[LowestIndex]);
//-------------------------------------------------------------------------------------------+|
// END OF INITIALIZATION SEQUENCE ||
//-------------------------------------------------------------------------------------------+|
*/
i have not activated upper and lower borders of atr bands , so that image does not look clumsy. you can activate it and check that in following ways.
i use your atr band , bb bands and target bands together differently.
for example in uptrend prices starts correcting and hits golden line, at that point previously big question was that whether prices will break it or will start moving again up in the direction of uptrend again.
in this condition this three bands combine helps.
when prices hits golden line at that point i see what this bands are doing. if prices are also hitting lower border of target bands, and your atr bands lower border too is hitting the lower border of target bands the first condition is met.
for second condition to be met, role of bb bands comes. if at this point bb bands are narrow, tighter ranges of prices then it is likely that prices will again start moving up in the direction of uptrend. and golden line will not be broken. so that low of price automatically become sl and that usually holds well.
but at this point bb bands are wider, wider price range , then it is more likely that golden line will be broken.
so that has helped to decide what will be price action at golden line.
so that is how this is useful.
what i have observed that price action respects the borders of target bands most of the time.
you may also want to check this out.
after you test it like that do give feedback, so that we can improve
your suggestions for sniper rishijay trading system are now more important for me, as you being experienced technical analyst and experienced trader, who have tested sniper rishijay trading system thoroughly have more precise idea of how sniper rishijay system works.
you can test now new advanced templet that i have posted in previous posts, that has more advanced indicators.
you will now be able to assess market conditions more easily with this templet.
Update v.1 sniper rishijay trading system new arrow in arsenal
its unbelievable. Keep the good work!