Disliked{quote} I think a fibo indicator is not enough for complete rules where to enter and exit. Why do you prefer kst? On long up-trends, it always shows short on sideways. You also use many indicators on standard settings. I don't think that all coders took the time to find the best settings on all timeframes. Mostly they use conservative settings that also work on M5.Ignored
fibo indicator just helps to through out target levels visually, its stop loss matches with stops of your atr band borders as you use it . so when system shows trend reversal this fibo indicators sl and sl of your atr bands borders usually survives.(that is most important in trading with your bands that small sl should survive and your position should be immediately in profit , if entry is right)
it is still better to use it with attached indicator. donforex heatmap.- though this indicator looks like ordinary sr level indicator, if you match its data with real put and call option data and open interest data, it matches well with that real data(you need to match data with sotck and index futures data on real exchange data,, as forex pairs on mt4 may not be of use ), so helpful in showing where real put and call concentration(or vloume and open interest you can say) lies, which are the real support and resistance levels. you can see how prices behaves when zones on this indicator breaks and prices moves faster to the next zone, this gives me idea of how trend strength is going to be, to take a entry, to minimise false breakout entry.
you know my system fully now, kst is for visibility on chart, set the setting on it to match with my system. for trend following there is always step oma 2.3 to see., and mtf mode also for trend following
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