DislikedHi,
I am not quite sure what the different indicators show. It would be very helpful if someone could give a short explanation of them.
RSI shows if the currency pair is overbought/oversold, right? So red means overbought, and green means oversold?
The HMA shows the average trend, right?
I am not sure about the Goldminer indicator, what does it show?
According to the first post trades are not taken with CCI and Trend Master taken into account, why? And what do these two indicators show?
Thanks
ArchieIgnored
You are correct, The RSI will show Red when it's below 45, Yellow when it's between 45 & 55, and Green when it's about 55. The HMA shows average trend, Red is downward, Green is Upwards. The CCI is just something that I am experimenting with (didn't realize it was on my chart when I made the picture). The Trend Master is not really part of the system but is just something I like to be able to watch (again I should have deleted it before making the picture of the chart).
So essentially you wait for the colors to line up (remember RSI Yellow can go either way) and you buy or sell in the appropriate direction.
Hope that helps
Mitch