Disliked{quote} Just pick 1-2 pairs to trade first mate dont try to watch many pairs at this stage only making you miss train only set up indicator with 1-2 chart wont take your time much buddyIgnored
i put my focus just now on his indicator and understand that.. what i was asking from Leghijo
basically LWMA will draw lines at the same price level where the MA 5 is at different time frames
earlier i did not get it... LOL
H4_H means LWMA HIGH 5 (red) on 4 hr timeframe
H4_L means LWMA LOW 5 (magenta) on 4 hr timeframe
D_H means LWMA HIGH 5 (red) on D timeframe
D_L means LWMA LOW 5 (magenta) on D timeframe
W_H means LWMA HIGH 5 (red) on W timeframe
W_L means LWMA LOW 5 (magenta) on W timeframe
M_H means LWMA HIGH 5 (red) on W timeframe
M_L means LWMA LOW 5 (magenta) on W timeframe
this indi helps in just drawing these lines if you ignore the channels & trend lines in this indicator, channels and trend lines will make you confused & have to manually disable all of them.
this indicator need to be re-applied i guess every 4 hour i guess
i apply it and delete it.. then my lines remain at the same place, but now they will not repaint after 4 hours, daily etc. and delete all other mess like trend lines, channels etc and leave just the LWMA lines
and then after 4 hour we can re-apply our main template.. and apply this indicator and then new refereshed lines will draw again..
and now you can delete this indicator again.. to delete the mess and keep just the LWMA lines for the next 4 hours..
this is what i have understood in this indicator basically to keep my charts a little clean
and the process of understanding how to use these LWMA lines are still in progress.. Comar.Fx know better than us to use his indi well
