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Hi,
I've uploaded the image of a chart . I need to decode the lines in order to put it into my own system for trading. The only information I have is the following picture:
http://www.lifestyle-guides.com/golf/forexpic.jpg
Plus the fact it is EUR/USD and I think 15min chart but could be 5min. I am new to trading but well trained I believe.
The other information I have is that:
Blue And Pink are SHORT TERM MOMENTUM lines
Red and Yellow are LONG TERM TREND LINES
Big Purple is the 50 DAY CLINE OR CENTRAL MOVING AVERAGE OR CONFIRMATION LINE
Turqoise and Green are MEDIUM TERM TREND LINES
MY guess is that R, Y, T, G are moving averages [exp] at something like 50, 100, 150, 250 periods
But what is the "Big Purple Line"
And what is used for the "Short Term Momentum" lines.
I need this set up to be able to trade successfully using the VT Trader platfrom which has a range of indicators and charts.
Can you please help me to get this chart right, thanks in advance.
HH