Spectrometer indy seems good for trading

Combining best of both finds: Impetus demonstrated by ampvel's "on the move" AND phasevel's showing smooth period. (That was the error, replacing one discovery for another, here I see both can help grab what pips are there and seemingly avoid quite a few tiny losers) --------demonstrating tiny gainer versus it being tiny loser------- 1st pic: ampvel's all on the move at 21:40 2nd pic: 21:45 ma15 is in agreement, down going.....open trade. 3rd pic: 21:40 the phasevel1's have been looking positive by 2nd bar and ready to accept above confirmation for opening a trade. 4th pic: orange 2nd sinewave ampvel has settled-out so close trade at good point for tiny bar directly above in chart, a lower point than what would've occured otherwise.

phasevel1 gives ok to smoothness between 16:20 to 17:20, note in pic of ampvel's that "things" on the move during trend movement, so as ma's allow couple of tiny positive trades here, "tiny" as vertial scale is only a few pips.

Another Friday where there's thoroughly bouncung phasevel1's,, demonstrating again Fridays not good at eurusd land.

Looking at ampvel1, it's where there's consistency of either generally flat ampvel or generally consistent slant for the major wave lines, any change from that and that's it for that fx movement. Seems nice enough for a feely kind of manual trading, maybe with certain adjustable parameters it's also good for automated trading.

A consistency of movement during a trend, this is a 3pip per vertical scaing section.

Ditto again for ampvel1's. A distinctive same consistency type patterns in mostly the 3 heavy duty ones red, orange and yellow when in a trend.

Cursor pointing at just one region of continuous or contiguous trend region, actually, they now seem to be everywhere there's a trendy like movement in one direction, something switches in them when trend switched around, yes?

Template spect1234 200 ampvel1.

1st pic - cursor at moment its ok to open trade, or could wait for ma3 to agree.
2nd pic - close trade at this time as consistency of what channel the 3 wave lines are in has changed.

Trend continues in this cursor region til where cursor pointing, despite orange flattening out red and yellow continue consistently, then close trade when not so anymore.

(editing): wow, look at next major one to the right, good consistency for that trend.

Love it, but for those kind that would like to do manual trading with judgement calls? Maybe.

Note both the general consistencies and the sub-consistencies within the larger trend.
vertical scaling is 3 pips per. Trend started 5:50 PacTime.

Random gander on chart:
Hypothetical trade starting where cursor pointing, note the consistency of the main three red, orange & yellow during the trend.

If anyone would like the zipped indicator package for 6 months free usage then email me with your mt4 demo or real acct number. Happy Holidays!
batchj2011 at gmail dot com.

If I get no interest anymore (which is seeming the case here) I go to other fx forums.

Jerry

Jerry,
Wouldn't the red line, moving down while orange and yellow are moving up, be a signal to avoid this trade? What is the entry signal?

nope, its the consistency of what's occuring that says you're still in a trade. To discern entry of a trade it be what's after prior consistency and agreeing ma's.
I attach another that is "self-explanatory".
left edge of chart is around 9:30amPacTime.

I think it could be as judgemental in trading as the setup you were looking at, depends on the trader himself as to what one feels best with.

Ok, I understand that there's some discretion involved when trading manually. I'm not sure what you mean by 'consistency' though.

In the example above, the lines on the left side are consistent, but on the right, they are inconsistent? Is it about consistent spacing between the lines?

You mean left of the peaks reached by the colors? Yes, they are all consistently moving in their direction or angle, but in this case increasingly so indicating increasing persistence of a trend, so that's nice.
To the right of the peaks note next bar right after last longish up bar starts off as a small down bar, note how the colors changed from prior consistency of how they were moving immediately upon this new fx move, so in this case the indies didn't waiste time indicating going into a new consistency amongst themselves.

Note this new region after peak is a new consistency that has all 3 ma's going in wrong direction, so if followed it be small loser til ma3 flattens out......or you could be happy with prior trend gotten and skip what's happening afterward......if designing EA this be good idea to skip it.

Hope this helps. Basically, consistency of how the ampvel1's are moving, like are the lines (mainly red, orange & yellow) going up or down at a certain angle, or shallow angle, or relatively flat? They don't need agree as to what they doing, but in a trend they're all consistently doing what they started to do at beginning of fx move, follow? Better?

Here's a shot of todays at my 10amPacTime, not a good time as the vertical scale is a puny .5 pips per scale horizontal, but for now as a random look.........cursor is pointing where first bar is immediately starting into a trend, note the consistencies.

When the consistencies breakoff is yet another period where perhaps this kind of indicator is not suited for rebounds.

I'm liking how the vertical scale quantity of pips per is indicative of consolidation or better moves, I noticed there's such indicators out there that could lead to suitable use for this application.

Yes, that explains it pretty well, thanks.

Three trades all in a row (3 pics), cursor pointing in each as to where new consistent movement of the 3 main colors are established and where ma3 agrees.
3rd trend has a point in the middle where a different consistency pattern takes over the same trend job, interestingly enough, so it be up to trader whether to cut-out or not while that bar is being formed, watching to see if ma3 hangs in there or not.....in this case it does so stick with overall new consistency patterns.

I know, all this is so very hindsight hypothetical, but for certain mindset type manual trader, could be your ticket if that's you! I'm just your interim engineer on a "spectrum endpoint" indicator project.


Best,
Jerry
batchj2011 at gmail dot com
include mt4 acct number for 6 month usage and I send zipped indicator package.

BTW, "one step back" in one or two of the main color consistencies doesn't seem to be any sort of break from that periods consistency pattern, it takes more than that, like couple of the major color lines.

I count 5 consistency section here.
The cursor is only pointing at start of one.