- | Joined Jul 2024 | Status: Trader | 171 Posts
I've got this indicator from the mt4 library I think it originates in Russia, I've used it twice and trades have been successful basically it actually moving constantly you will see a line Jump from one side to the other and then connect them in the middle when this line jumps to the two ends expect I move that's about all I can tell you if anyone knows how to use it the correct way please let me know,{file} {image}
yes, you can easily identify the trend in favor of the buy or sell because the third line will go along with either the buy or sell side trade. as price moved and not behaving of course we can say that the tool is repainting is simply because of price movement. but if you accompany this tool with other valuable tools (like ICT Concepts) you can easily identify which level you are about to engage the trade. ill give you a very simple way by using the GAP itself. practice the gap methods, the normal , the breakaway, the sneaky gap, etc. of which gap is a continuation, which liquidity is expecting price for rejection, which gap price is more likely will trade back.
currently on BTC H1 after draw on liquidity, price rejected and close above. we buy if bullish engulfing occurs. and target the BAG.
- | Joined Jul 2024 | Status: Trader | 171 Posts
{quote} the universal regression is very helpful in analyzing the balance of the trading process as (Yousufkhodja Sultonov) said. yes, you can easily identify the trend in favor of the buy or sell because the third line will go along with either the buy or sell side trade. as price moved and not behaving of course we can say that the tool is repainting is simply because of price movement. but if you accompany this tool with other valuable tools (like ICT Concepts) you can easily identify which level...
- | Joined Jul 2024 | Status: Trader | 171 Posts
{quote} next bar open H1 BUY executed {image}
TP2 not hit @ 30 pips or (3000 in BTC) STOP OUT
TP3 STOPOUT,
after draw on liquidity (daily low taken) and after rejection in H1 and after fvg where FVG did not hold (taken after next bar), this creates a bullish divergence where price continue to move down, hence, in daily is creating a break away gap.
the reason price did not trade back to Break away gap after draw on liquidity daily and H1 rejection etc. is because of the bullish divergence
