hello FF folks
I use the attached ADR indicator
I use it for two purposes.
1/ to see if the currency pair has "room to move" , in other words if it has reached or gone beyond its daily range, I will not trade it.
2/ The other way I use it, is if the tradeable color is green I trade and if the tradable color is red I don't
I must admit I don't completely understand why it turns green or red.
Something about the more recent bars being larger than the previous ones?
Can anyone explain why it turns green or red?
what settings for the ATR 1 and ATR 2 would be best
(I trade off the 5 minute charts going for 20 or 30 pips )
Any other suggestions for an indicator that will tell me when the market is "picking up"
There was another indicator that showed this but I can not recall the name.
thx
PGPB
I use the attached ADR indicator
I use it for two purposes.
1/ to see if the currency pair has "room to move" , in other words if it has reached or gone beyond its daily range, I will not trade it.
2/ The other way I use it, is if the tradeable color is green I trade and if the tradable color is red I don't
I must admit I don't completely understand why it turns green or red.
Something about the more recent bars being larger than the previous ones?
Can anyone explain why it turns green or red?
what settings for the ATR 1 and ATR 2 would be best
(I trade off the 5 minute charts going for 20 or 30 pips )
Any other suggestions for an indicator that will tell me when the market is "picking up"
There was another indicator that showed this but I can not recall the name.
thx
PGPB
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