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- #224
- May 6, 2019 8:48am May 6, 2019 8:48am
- Joined Apr 2013 | Status: Trader | 1,577 Posts
Hey Wolf300
Had another look at your chart...made more sense this time, trying to show volume as the trigger with PA. One question is ...if the entry was in the yellow circle the last blue arrow was lower than the one before it. I thought you wanted it to be higher for a trade...
Here is GBPAUD 15min chart that you posted, with my template on it. Looks good right...
Had another look at your chart...made more sense this time, trying to show volume as the trigger with PA. One question is ...if the entry was in the yellow circle the last blue arrow was lower than the one before it. I thought you wanted it to be higher for a trade...
Here is GBPAUD 15min chart that you posted, with my template on it. Looks good right...
- #231
- May 7, 2019 10:26pm May 7, 2019 10:26pm
- Joined Apr 2013 | Status: Trader | 1,577 Posts
Hi Salimc, Thanks for your reply. but I could not download the template file from post 10. pls check the link (post 10) and if possible again post it here. Thanks S.Raghu
new volume indi.
Hey Wolf300 Had another look at your chart...made more sense this time, trying to show volume as the trigger with PA. One question is ...if the entry was in the yellow circle the last blue arrow was lower than the one before it. I thought you wanted it to be higher for a trade... Here is GBPAUD 15min chart that you posted, with my template on it. Looks good right...
yeah, that trade was, as I wrote, a mistake anyway and not a good example at all. Bored, tired, not checking the news and counter trend....
If I circle something it has always an important background. In this case to show, that number 3 is confirming number 1 as PA triggered 3 lower than 1.
In this case dangerous, because of counter trend, and this should have been closed quickly within 25 pips or so. But if you are away from the screen to long,...
you know....
Beautiful to see in your picture is when %W and price has crossed ema, you can just use the dots in that direction. Btw, dots are showing the same as dot with arrow.
Arrow is just an extra, IceRice coded to spot the change in direction, even for the shortes period of time. For those who did not get the signs of v 02 or v01 to be sure how to use them.
Dear members, Pls see the image with your comments....Here I use C-Vo1,C-02, BBandstop alert &Ozymandis indicator... Entry condition: use 4 indicators BUY= C-Vo1,C-02, BBandstop alert &Ozymandis indicator (middlie line) = up arrow with Ozymandis middle line closing price cross SELL= C-Vo1,C-02, BBandstop alert &Ozymandis indicator (middlie line) = down arrow with Ozymandis middle line closing price cross Exit condition:use 3 indicators only BUY exit = C-Vo1,C-02, &Ozymandis indicator (middlie line) = down arrow with Ozymandis middle line closing...
but less is more and by adding up indicators you will NOT get a higher % of guaranty that the trade works out.
This is a well known wrong concept for years, adding up cci + rsi + stoch + mfi + X and the trade works out.
The blue/red line looks like a very good filter and is a huge help to not change direction to early. (You know that dot with arrows shows change in direction, but the same kind of PA like a dot, do you.)
Keep it up and PA combined with your filter will do the rest.
- #239
- May 14, 2019 3:46pm May 14, 2019 3:46pm
- | Joined Jan 2012 | Status: Trader | 1,329 Posts
As I promised, I prepared the consecutive candles indicator for MT5. Today only version 02. Tomorrow I will publish version 04. {file} {file}
