DislikedAnyone using this for the 1st time, if you are overwhelmed by the display, I suggest isolating out 1 currency Here is the USD, possibly in the early stages of a reversal move against the 7 main cross currencies And depends on your time frame and moving average settings of course Good Luck {image}Ignored
MADdash (Moving Average Distance)
- #3,242
- Nov 18, 2021 8:36pm Nov 18, 2021 8:36pm
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
{quote} Useless indicator
I could add a few other useless indicators and get a better idea of useless price action.
Perhaps you could share your favorite indicator or even a trading setup?
It takes a lot for me to IGNORE you, but you can try.
- #3,243
- Nov 18, 2021 9:46pm Nov 18, 2021 9:46pm
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,245
- Nov 19, 2021 4:32am Nov 19, 2021 4:32am
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
{quote} If possible could you please share the setting.
It takes a lot for me to IGNORE you, but you can try.
- #3,246
- Nov 24, 2021 11:39pm Nov 24, 2021 11:39pm
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
BINGO, sell NZD vs all currencies
It takes a lot for me to IGNORE you, but you can try.
- #3,247
- Nov 25, 2021 9:07pm Nov 25, 2021 9:07pm
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
NZD looks like a continuation from yesterday
And the DEMO trades for showing (I have some real trades too)
And the DEMO trades for showing (I have some real trades too)
It takes a lot for me to IGNORE you, but you can try.
- #3,249
- Nov 26, 2021 2:33pm Nov 26, 2021 2:33pm
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
It takes a lot for me to IGNORE you, but you can try.
- #3,251
- Nov 28, 2021 5:46pm Nov 28, 2021 5:46pm
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
{quote} Thank you Erebus Which Moving average distance settings did you use, Pips, %ATR or %ADR? Because of your interest in ADR How do you enter your trades, do you use other indicators to confirm alert signal generated by your MadDash settings, such as the CM Strength Indicator? What are the Moving Average settings for M15 and H1 you posted earlier, is it 5EMA/12EMA too? Do you confirm also with other indicators? Regards.
2. - Enter by breakout levels such as the previous day's high or low, super simple stuff
3. - Yes. CSM = Currency Strength Meters, as many, as you can find - 2 FREE links below
4. - Yes, but low time frames don't need MA's to see the trend
5. - Yes, price action on daily, maybe Inside Day, Bullish or Bearish Engulfing, Pin Bar
Basically, Mad Dash is telling me with the Constant Row Color that the price is below BOTH the 5 EMA and the 12 EMA (nothing to do with crossovers) on 3-time frames. Make a plain chart with those EMA's, go from weekly chart to daily chart to 4 hours; what do you see? Does it align with the way you think of price action? Are you a trend trader or a contrarian trader? Use a symbol changer to quickly view all pairs, keep in mind to look at them in groups, eg. USD group, JPY group.
For more on this trend following concept please go to PM for more FREE information; not selling anything, include your email for quick response.
https://marketmilk.babypips.com/currency-strength
https://finviz.com/forex.ashx
I suggest trying the single currency display as I posted earlier, so much easier to follow along; look for the currency with the most ALERTS in the right direction.
Here is the current NZD - but don't read too much into it just yet, Tokyo is not even open yet, and it's only Monday, good luck
It takes a lot for me to IGNORE you, but you can try.
- #3,254
- Nov 29, 2021 7:22am Nov 29, 2021 7:22am
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
Measuring the strength of currencies by the distance from MA is a very controversial and poorly substantiated method. This method is unreliable, so there are a lot of false signals. Look for another method.
It takes a lot for me to IGNORE you, but you can try.
- #3,256
- Nov 29, 2021 6:26pm Nov 29, 2021 6:26pm
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
You are measuring emptiness! This indicator can show the maximum strength of one currency and the minimum of another, but this pair will not give movement.
In fact, if you don't like Mad Dash so much, why are you here?
What I see today, remember it's still early, is some CHF trend or strength
That gives you 7 pairs to check for further analysis as per your trading plans.
Good Luck
PS: how is that Paypal signature working? Is it empty or good? Please advise, I might try it myself, thanks.
It takes a lot for me to IGNORE you, but you can try.
- #3,258
- Nov 30, 2021 3:53am Nov 30, 2021 3:53am
- Joined Jun 2010 | Status: Trader | 16,699 Posts
ITB - Seeing Orderliness amongst 'Randomness'
- #3,259
- Nov 30, 2021 8:43am Nov 30, 2021 8:43am
- Joined Jul 2011 | Status: Gold Again | 10,554 Posts
Why are you so aggressive, life must have offended you. You hate everyone, so you attack people like an angry dog?
If you don't like them, please criticize, and offer an alternative suggestion
Purely complaining is not achieving much
Sharing is caring
It takes a lot for me to IGNORE you, but you can try.
- #3,260
- Edited 1:31am Dec 1, 2021 12:40am | Edited 1:31am
{quote} 5 EMA 12 EMA on 4 Hour 1 Day 1 Week
Greetings !
Nice to see your tweaking with MAD Dash
May we have your little help in setting up the same by tweaking EMA. ?
As we tried to set 12 EMA for H1, H4, D1 with close price (default is typical price)......, is it right, as per attached settings ?
Also please advise ATR period set ? 14 is ok?
We appreciate you feedback in advance
