Easy way to spot it, would be to look at the number of time the coral has crossed the price the action .... twice within the last hour., Also, switch to the M5 look at what is happening there....is the trend clearly determined?. For this pair it as choppy also.
Also, pay special attention to the Session time with regards to the pair, with the Sidney session closed and the Tokyo session coming to a close the momentum may not be there
Now look at the GBPAUD .... Reverse Bearish Divergence there on the 4H, nice trend ...good short taken
I made a couple of minor changes to the M1 alert and have left off the M5 and M15 coral as they seemed to make entries a little later than I wanted. This version is also coded to give only one alert in the same direction and the next alert won't be until it changes direction. Try it and see what you think. I am still experimenting with different ideas, so more variations probably to come. Just remember, the alert only gets you part way there, you still have to make the final decission. Attachment
I had this M1 running on 9 pairs starting...
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hum ... thank you for giving us a new version of the indicator ...
I will test it today, here and see if any of the input signal.
Thanks Tread. And how do you expect to take profit?
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Oz... do a thread search for ADX, a lot of examples are posted. The method is based on the ADX weaken, DI's Crossing or approaching each other and cross checking it against multiple time frames.
In essence is the trend is done or reversed or reversing and is confirmed on a higher time frame ... then it is time to exit
has anybody found that scalping using THV on 5 minute is more effective/accurate? or was that only the situation for me for just this one day and not an indicator of how things will go in the long run?
THV system, final edition
