A very fantadtic tool to narrow the selection of tradeable pairs and reinforce system signals. Fantastic job.
One thing that I use to help see what kind of day it is and where we are in that day, smiler to your bid ratio, is I have a dynamic 10 d ADR. I use a 10 D (ADR) no weekends.....this gives me a rolling average of last two weeks average daily range. It plots on my chart from the open, then adjust as calculated from the low or high, whichever current pice is farthest from. It is uncanny how times the market turns at this point. When the ADR H or L is breached and price and continues, this is also important. I stop trading any pair of the price is past 85 or 90 % of the ADR move to the H or L. IF it breaks the H or L and expands past 120%......it s a BIG trend day and I will trade the pair again. IF price turns or stalls at the 10 D ADR H or L, I will look for opportunities the other way. FIB expansion levels of the ADR10 are good targets and areas of interest on those expansion days. Just my .02
One thing that I use to help see what kind of day it is and where we are in that day, smiler to your bid ratio, is I have a dynamic 10 d ADR. I use a 10 D (ADR) no weekends.....this gives me a rolling average of last two weeks average daily range. It plots on my chart from the open, then adjust as calculated from the low or high, whichever current pice is farthest from. It is uncanny how times the market turns at this point. When the ADR H or L is breached and price and continues, this is also important. I stop trading any pair of the price is past 85 or 90 % of the ADR move to the H or L. IF it breaks the H or L and expands past 120%......it s a BIG trend day and I will trade the pair again. IF price turns or stalls at the 10 D ADR H or L, I will look for opportunities the other way. FIB expansion levels of the ADR10 are good targets and areas of interest on those expansion days. Just my .02
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I reed somewhere that until 2019 we will still be able to use mt4. Also the developer should start working on two versions of the indicator (for mt4 and mt5) if he wants to keep this thread alive.
