{quote} This has no more importance anymore since the dashboard is using algorithms and also giving importance to the last two (2) bars. If longer / stronger than a specified value = NO DEAL!
Jibalapasan, sometimes seemingly "unimportant" things get snowed under in the quantity of posts.
The fact that importance is given to the last two bars, and maybe even the current bar, is for a good reason.
The most plausible reason being is that using it as a criterium increases the probabilties of bringing a trade to a good end.
Other posts like this one and this one, to name only a couple point to this.
I understand that using your Secure Trading Barometer, (Gap) speedometers, Dashboard with proprietary algorithms such as the sentinel = confidence in your trading and that you are not at liberty to disclose any of these in this forum
However, maybe you can point the community in the direction by explaining what criteria you are using for the last 2 candles ?
For instance in my trades, I am using this indicator with a multiplier conservatively set to 1.5 - 2.
Is is the "right" way of measuring ? Is is the right setting ? Who is to tell ?
It has kept me from taking quite some bad (and unfortunately also good) trades.
Programmers, take note.
JibalaPasan might give a criterium/setting simple and interesting enough to implement in the dashboard...
As always, green pips to all of you.
LuXing
Wisdom begins in wonder
