High Probability Insight: Day-Trade Daily Momentum on M1/M5TF

NZD/CAD, H1TF

Despite the Weakness on NZD, I think that CAD was way weaker. Therefore, NZD got the upper hand....

I was stopped out...

EUR/AUD, H1TF


Got out too Early.....Lost Focus.

EUR/USD, H1TF

EUR/CAD, H1TF

Interview #2

This trade is not ready yet, but I am keeping my eyes on it.....

Current Market Trend & Strength ( CsDash Update )

Interview #3 ( Jarratt Davis Himself )

Well Im up 30% so far how about you OctaveJay?

Very impressive Jon! I am glad that you didn't give up on yourself....Keep it up!


I had a bad week last week, down 9%.

Weekly Risk Events Update ( Video by Jarratt Davis )

Hey OctaveJay!

Thanks for this great indicator!
I just downloaded it and I am going to check it out. Did you know, that you have the option to give an object the attribute "Selectable = false"? This way, one cannot randomly double click the objects in your indicator and move them around. As it is done right now, i adapts the position of the objects every tick. I am no expert in computer science but this should take down the performance? However if you use "Selectable = false", namely - ObjectSet("Name",OBJPROP_SELECTABLE,false) - you can put everything in the OnInit function and save some performance.
Then, could you add an OnClickEvent? That is, when one clicks on a pair on the very left, this becomes red / yellow (higlighted whatever).

Also, I have a question. How do you calculate strength and weakness in this indicator? If this question occured before, just link me to that post. I do not want to have the whole algorithm, just the idea. I have browsed through the code and saw that the only PA based calculation is based on highest or lowest prices from the past. So is it some kind of overbought / oversold that gives a currency strength / weakness?

Hello Chris,

I can't thank you enough for taking the time to test out this indicator, and I really appreciate your interest in
doing so. If I am not mistaken, are you talking about the "CsDash" Indicator or the Supreme Meter Strength indi?

Either way both indicators are designed to measure the Current Market Condition based on Past Data like you have
mentioned before, but as a trader you owe it to yourself to do your own Top-Down Analysis based on pure Price Action
and later on compare them. Since I am not the coder of both indicators, I can only use the current data and compare
it with my own approach.

By the way, the CsDash Indicator calculates the currency strength using a formula based on the Daily High/Low and bid.
And, here's the formula that the coder used to get the bid ratio data:

Bid ratio as a formula is: (Current Bid - Daily Low) / (Daily High - Daily Low)

In order words, if yesterday's Daily Candle was green, you would expect a continuation to the upside from today's candle
and at the same time, the bar meter will tell you who's doing the buying or the selling today.

Chris, would you mind to clarify your thought on the selectable option you suggested? And for the "OneClickEvent" function,
I don't think that's really necessary, because the indicator will factor in every single data that are coming in throughout the
day.

I am no expert on News Trading, but there are 3 things that I look for before committing to a trade.

Trend (Technical Analysis )
Strength (Fundamental Analysis or News Events)
Signal (Sentiment Analysis )

Thanks for your reply. I appreciate it!

As for my question. I was talking about the Supreme Meter Strength indicator. Is it still valid or a good indicator that you would reccomend to use? Or would you tell us to change to CsDash? (I haven't read the whole thread)

As for the formula: Ist the the current Daily Low or yesterdays Daily Low? Do you have maybe also the formula for Supreme Strength?

As for the selectable option: If you are not the author of this indicator, it is probably irrelevant. I will nevertheless clarify it. I was talking about a change in the code. You Whenever you create an object in the code, you can give it the attribute of non-selectable on the chart with a function called ObjectSet("Name",OBJPROP_SELECTABLE,false). So normaly, whenever you double click on an object on the chart, it gets selected and you can move it around. With this function it is imposible to select it. Although I saw that the objects on this indicator get adapted whenever their position gets chaned as soon as a new tick has occured, I find it more comfortable when they are not selectable. And as I said, you probably save some performance, since you can code the objects in the OnInit function. However I am no expert, so I do not know if this matters a lot.

With regards to the Supreme Meter Indicator, I still recommend traders to use it, but the problem is every hour
or half hour, you can choose to have a different watchlist.

Honestly, this is not healthy for your mind, so I suggest that you scan the market one time, and then use that
watchlist throughout the day. And, after that you use the CsDash indicator to monitor the fluctuation so that
you can have a clear Direction about the Market.

In order words, Supreme Meter indicator allows you to select your watchlist and CsDash gives you a clear Direction
about the Strength and Trend at the same time....I do not have the formula for Supreme Meter Strength, but the
data you get from it is the same as CsDash.

Btw, You use Yesterday's High and Low as a starting point to create projection or predict where the market is most
likely to go, then the Current Market Condition will use the Bid Ratio Formula ( Today's data: Daily High and Low)
as an indication to determine whether the market will continue Higher or Reverse.

Keep reading the thread until it all makes sense to you, and there's no secret or hidden messages on other pages.
Everything you need to know is on the first few pages. Just more explanations or ideas all over the thread...

Current Market Condition: ( Observation ONLY )





Trend & Strength Update (CsDash)





1. GBP
2. CHF
3. EUR


6. CAD
7. NZD
8. JPY

up 36% from 30% this morning

You must be on Fire this week already...Great work!!!

By the way, I don't have access to your account, and I really appreciate it for keeping me on the loop.

Equity curve. up 39.6%