{quote} How do you interpret it in the trading ? {image}
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Ok so here is how i use the Chart buttons indi in my trading. The CSM portion is the only part is what i look at. TDI is my go to for RSI (it gives a better picture)
On this trade NZDCAD fell to S100 and bounced. At the time of the trade the CSM % just started to show the reversal. I will usually enter a trade when the CSM reaches 75%+. I will keep an eye on TDI WAvg Angle. The steeper the better the PA is. If the Angle is relatively flat then it is in a range and not a good entry
Joined Mar 2018
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Status: Push Yourself, No One Else Will !!!
|299 Posts
Here is another example
CADCHF. You can see now that the % between the CAD and CHF are almost flat. In an earlier post i said that it may stall at the area it is at now. With the TDI and TDI WAvg Angle still pretty steep leads me to "EXPECT" a continuation to the downside.
I am watching this pair with hopes that it will break below 0.76027 right below the 200MA Daily. Look at the current candle with a long doji above, i'm gunning for the downside.
{quote} GN is coming into a nice area of S but.... would like to see TDI not pointing south and for CSM to show some kind of positive reversal!!! Happy Hunting!!! {image}
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Hi,
My pivot points are not showing like yours, please can you assist to correct it.
Here is another example CADCHF. You can see now that the % between the CAD and CHF are almost flat. In an earlier post i said that it may stall at the area it is at now. With the TDI and TDI WAvg Angle still pretty steep leads me to "EXPECT" a continuation to the downside. Happy Hunting!!! {image}
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Brian, Thanks for taking time to explain. But I'm still not getting it. Could you explain the % figures in the third yellow box in your image..Thanks
{quote} Brian, Thanks for taking time to explain. But I'm still not getting it. Could you explain the % figures in the third yellow box in your image..Thanks
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It is the correlation of the 2 currency's that is currently on the chart based on the time frame you have set in the settings, for me it is daily, weekly and monthly from top to bottom
{quote} That's gonna show you what the strength/weakness is in percentage. {image}
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Ok Brian, you need to help nail this CSM down to my dumb brain.
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You've said the 3 layers are for Daily, Weekly & Monthly. That's pretty straightforward. Now, let's take the Daily row, there are 4 sets of figures...Decimal - % - % - %. I guess my question is...what does the Decimal mean? Does the first % represent the strength of the Base or Counter currency? Same question for the second %. Finally, what does the third percentage represent?
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@ mubinirl, if you do understand already, kindly do well to explain.
{quote} Ok Brian, you need to help nail this CSM down to my dumb brain. --- You've said the 3 layers are for Daily, Weekly & Monthly. That's pretty straightforward. Now, let's take the Daily row, there are 4 sets of figures...Decimal - % - % - %. I guess my question is...what does the Decimal mean? Does the first % represent the strength of the Base or Counter currency? Same question for the second %. Finally, what does the third percentage represent? --- @ mubinirl,...
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Sorry for the delay. I am out of my office for part of the day. I will be updating the 1st post to better explain the CSM indicator that I use later today.
{quote} Sorry for the delay. I am out of my office for part of the day. I will be updating the 1st post to better explain the CSM indicator that I use later today. Happy Hunting!!!
I found your thread and really help.
Do you trade using EA or manually mate?
Should I trade daily or H4
And also I can't set up like your chart, can you help me?
