There are lots of good indicators you can use but most will need to be used in combination with others. There are very few stand alone indicators.
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Disliked{quote} It would be very nice if we can have it for MT4 kprsa, please share if you have free time, thank you in advance. It doesn't matter if it is only in EX4 format, at least we can see how it works ...Ignored
Disliked{quote} There you go. In my opinion it is best used in combination with "Force" which is basically ATR (i.e. a proxy for market interest/volume): One should always go along the direction which shows an increase of market interest. Cheers, k {file}Ignored
DislikedHi all, I have a simple beginner question about limiting bars to use for calculation in one indicator. I do not know why the result of using the whole Bars gives me different result than using limiting bars (lets say 2,000 or 20,000 bars in TF M1). Please look at my image below, between the two red vertical lines, the result of my oscillator are different, actually they have the same setting, except the amount of bars for its calculation ... Does it means that my code has bugs in it ? I just learn to code, so some bugs is really...Ignored
Disliked4. In order for price to change direction, a period of elevated spread (=High-Low) is necessary. The price acts like a slingshot in those areas: if the Low is more distant from the Close than the High (and the price is at the end of a significant down move), the "price slingshot" is shooting up which can only be stopped by an eventual price slingshot shooting down. Cheers, k {image}Ignored
Disliked{quote} "Increased" comparing to the average candle. Point being, price movements usually don't stop at short candles (except for no interest areas). The reversal candles are pinbars/railroad tracks/M-W patterns/slingshots. The bigger they are normally, the bigger the resistance to the previous price direction, the farther the price can fly and the more difficult is to stop it when it gets going. I usually did the scalping on the 1h tf and there the variety was quite...Ignored
Disliked{quote} Ok, then the setups would be like this (cf. attached chart). We wait until we detect a high-range candle. On the next candle the open (brown) and close line (grey) should switch to confirm the setup. Then we could enter the candle with the white arrow ... {image}Ignored
Disliked{quote} Ok, then the setups would be like this (cf. attached chart). We wait until we detect a high-range candle. On the next candle the open (brown) and close line (grey) should switch to confirm the setup. Then we could enter the candle with the white arrow ... {image}Ignored
DislikedMost public indicators can be traded and they will produce positive returns, when a good exit plan has being traded alongside. If you do follow the indicator's logic: buy here, sell there, one day you will fail. However, if you figure out how to flip sides among the signals, the indicator starts bringing income on a regular base. For example, I did not expect substaintial incomes to be made with moving averages (not with the ma crosses! there are million other profitable ways to use a ma...), zig zags, breakouts, OCHL prices, trend lines, grids,...Ignored
Disliked{quote} Hi AntiCre, I edit some Part of your image (please see Attachment Below), if i understand it right, all the lines are drawn using MT4 Default tools lines (brown & grey) ? In your example, it is set for M5, can it be used for all tf too ? If we look at the yellow color, i put a question sign there (exactly at your up arrow) , as i see the red candle is big Enough (EDIT : i mean the big red candle at 2 previous candle before your arrow position) , but Not really reach the average candle Requirement ? At the point of my yellow arrow, because...Ignored
Disliked{quote}Could you please give any idea, how a professional trader can do this very fast?Ignored
DislikedWhen reading a chart and you see it going up, the indicator obviously goes up too.Ignored
DislikedSo why do you need an indicator? Better time spent learning how to read a chart and patterns than investing time figuring out some magical indicator.Ignored
DislikedThen an indicator can go into that "overbought" area and stay there for a long time.Ignored
Disliked{quote} This is not true. An indicator can be going "down", or be "red", when price is going up. It is true that most would prefer to see an indicator going up as price goes up, but that is not a necessity. {quote} Again this is not necessarily true. Sure, one can create an indicator that gives a +1 every time the closing price is greater than the previous closing price. Which can easily been seen by looking at a chart. But most indicators are looking at large data sets, or are looking at non obvious data points. For example, is the absolute body...Ignored