Flag trading the trend

candy from a baby erasmus

win

top work Harold

its an interesting setup right seems to work quite often if you wait for market to move and wave get a string of dots then a pullback in price but indy still going in the direction of the trend then get an opposite color dot that the candle in the direction of the indy. the indy sloping or rising is the macd line set at 10 21 16 and the green and red dots are heiken ashi the bottom 2 indys made into to 1 the one I use

Good thread - For all the MT4 that would like to have a MACD BB---- I think this one will do the trick for this sys

Nice of you to come up with this. I think the settings should be at 10, 21, 16. Also, Divergence uses a 13-tick range bar for price.

don't know what makes the change of dots with that indy. on the one I do is based on the heiken ashi bar changing color on its close

Not sure why you would want a indi that just duplicates what you already have, but if it works for you - to each his own.

The BB MACD is just that a graphical dot based MACD with a few bells and whistles. I have been using it to see the retraces very nicely

I have been using settings 8-20-20 but will sometimes adjust for the pair that I am trading. When the dots move further apart there is momentum in the move.

Thanks for a great thread by the way- very informative

I dont need the indy i have it already. For others to use the indy someone would have to take a macd line and add heiken ashi to it and change them to dots from bars

Long time no see, H - I like your original use of Heikin Ashi, so thanks for that, although the MACD component seems to be a red herring (just put the regular HA indi in a sub-panel and change the bars to dots).

I've been doing something very similar when trading faster charts (I'm also trading longer t/f), but I will add to positions as well. 'Might post a chart next week if I get round to it.

Hope you're keeping well. Health is indeed wealth.

that was annoying was up 9 moved stop to +1 price comes down touches by stop then goes up for win. got to follow rules so +1

looks like both markets going sideways will wait till it starts moving

was that brent short at 23 Harold

be +1 on crude

there's the win

it happened again +1

might be setting up for a short around 99

cancel that

both markets moving and overbought

markets just stopped on a dime will wait a little longer and close it down