another signal
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- #663
- Edited 7:21am Aug 30, 2024 4:49am | Edited 7:21am
Ho letto l'intero argomento, ho eseguito gli indicatori ma non ho capito bene come usarli, hai una lista di regole per questo? Grazie, sembra che sarà una dashboard molto utile.
I'm sorry that I couldn't explain well how to use this board.My written English is from Google, and I can't always explain myself.
I take inspiration from this and try to summarize the progress of the project.
The board uses three indicators:
CURRENCY
ADR
BIDRATIO
the information provided is stored by symbol in csv format.
So the first rule is to use only one board on the chart and use a second chart for operations.
All information goes through this window first.
Let's examine this alert
flash over ADR
flash over is the alert that indicates the possibility of a trend change.
If I look at the chart I see the purple line W_DP3 and M Range Low which are pushing the price towards the yellow ADR 7 line
aDr[*] = daily
aWr[*] = weekly
aMr[*] = monthly
* = laier
as I explained in previous posts, all three timeframes were divided into 10 layers of equal height.
Flash over is this formula (aDr + aWr + aMr)/3 if the result is less than two or greater than eight this warning appears.
This signal suggests entering with a BUY operation with take profit aDr[7].
currency is king.
GBP side:
I have against it GBPUSD GBPCAD EURGBP
AUD side:
I have against it AUDUSD AUDCAD EURAUD GBPAUD
so I can confirm that the correlation also pushes in favor of ADR
we just have to wait
{quote}
You don't run against correlation. The lines aDr[3] aWr[3] aDr[7] aWr[7] they are supports and resistances that attract the price.
hello friend, i have been working on this all day and trying to figure it out, i earned about +80 pips today, thanks to the indicator and ea. <3 As you can see in the photo, i have set up such a setup for myself and i am trying to take trades, if you can suggest something useful to me, i will be waiting for your message here. the only part i can't understand is the adr indicators, for example; what does the colored 3I5I6 part written in the small boxes mean, should we take a sell position as long as these numbers are red or should we take a buy...
- #675
- Edited 8:20am Sep 1, 2024 7:39am | Edited 8:20am
{quote}
I have seen many times that the price tries to touch the two lines aDr[3] and aDr[7], but I cannot risk entering just because of this memory.
The first analysis to do is to check the .CSV history.
a change in correlation has occurred.
this is the information that the indicator passes
line 72 of excel
PS: the description of the alert currency is written in Italian because it is not yet definitive,
all the alerts written in Italian are still being studied.
aDr[7] touched
this combination of alerts, if confirmed several times, will become a new alarm.
- #676
- Edited 10:15am Sep 1, 2024 9:14am | Edited 10:15am
stella nera {immagine} {immagine} {immagine}
black star is an alarm indicating the price in the same area aDr[3] and aWr[3] or aDr[7] and aWr[7]
excel line 69 is represented now
this signal can be interpreted in two different ways if correlation is not taken as a basis.
when the price enters this common area I have seen in the tests that it can increase the push, this depends on the distance between the two lines ( aDr[gold] aWr[purple] )
if the lines are a few points apart from each other, the price gains strength and bounces, the further apart from each other, the price continues to look for the lower or upper line if we are talking about aDr[7] aWr[7].
it is always necessary to evaluate the correlation between the two symbols, see excel sheet
line 11 excel : currency NZD has "compression" alert this condition is given when the pairs that make up the symbol do not have a precise direction.
this is an older example and you see all the prices aligned in the center.
the exchange rate on line 60 excel AUD currency must also be considered
