This trend line begins 10 months ago, or earlier depending on your interpretation. If price does come below this trend line, that could signal a long term change in direction.
Meanwhile back at the 5m...
Meanwhile back at the 5m...
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DislikedHi Guys. Do you think that this was a 123 at the end of a trend on the 5 min chart? I did not take it. I have been only taking flag trades so far. RayIgnored
Dislikedlooks good to me Ray... although it didnt trigger... i have the setup bar at 6.55gmt but price did not go above it in the 2 following bars.Ignored
DislikedIn hindsight I should have not taken the trade. I begin therapy tomorrow.Ignored
Dislikedok people ive been asked for an adaptable version of the setup indicator so here it is.
the only difference is, in the settings you can change "distance from the MA" (ie is the bar within 2.4 pips of the ma). this helps poeple with different digit brokers etc.
so if you are trading eu with 5 digits you would set it to 0.00024
if you trade eu with 4 digits you set it to 0.0002 and so on.... so you can even adapt it to gold or stocks etc if you want to.Ignored
Dislikedi dont post much lately, but i still come around occasionally to c how things get along in this thread.
i wanna thank u for yr work and sharing it with others.
i shall have a q if u dont mind.
on the attached pic, the vertical line points to the candle that is over 50 on cci, and away from the MA by 1.8-2 pips //i magnified it much more to measure it precisely//.
isnt it green for some reason that i am not aware of or is it a bug ?//no offense//
it is EU/JPY.i ve seen similar ones but dont know if its the way it should be or smth else.
thx in...Ignored
Disliked++++++++++++++++++++++++++++++++
You can help with the voices???Ignored
DislikedHi Pip...
if you have the latest version, to use it on EJ with your broker, in the settings for the indicator you need to set "distance_from_ma" to 0.024
but obviously leave the setting as it is for the pairs with 5 decimal places.Ignored
DislikedHi Pip...
if you have the latest version, to use it on EJ with your broker, in the settings for the indicator you need to set "distance_from_ma" to 0.024
but obviously leave the setting as it is for the pairs with 5 decimal places.Ignored
DislikedHi D4n
noticed in your code that you also missed the rule that the bar must have the correct direction, ie. above 50 cci, close must be above open (ie. bullish), below -50 cci, close must be below open (ie. bearish)
therefore upgraded the original version to include this, as well as make it so that pip values are entered not point therefore no change to parms needed when using on JPY crosses
Regards
JohnIgnored
Dislikedjust to illustrate to everyone about bar direction, i would use the setup bar below for a long as it has closed above ma and cci is >50 even though it is a down bar.Ignored