so sorry, i just new to here.
I am wondering why your indicator very similiar to MACD?
If I set the EMA period in MACD, i get the indicator as yours....
at the moment i'm a big fan of the bbsqueeze indicator on the 5-15 minute timeframe for momentum. perhaps it could work as a chop filter to avoid the bad signals
Well, as U see, it is very similiar to MACD, mabye that's why u are wondering so.
If U set MACD with the same setup as My indicator, and U compare this two, then U will
se that the crosses of the dotted line arent, the same. They are similiar, but not the same.
The MACD lags more than KI.
That is becouse MACD is using difrent MA type's.
I think 30 pips SL should work fine.
30 pips for example both for GBP/USD and for EUR/USD?
Can we make EA for this indicatoer or we have to trade manual
For euro can be lower , eg. 20 pips. Euro has lower volarity. But sometimes it is worth to have larger SL.
Big Thanks, Kalenzo.
It's best filter - IMXO.
Kalenzo you make great work but stil dont understand where to exit from trend, i mean where to take profit and where to exit
Well, U can use ADX to determine trend strength, or U can use fibo piviots to exit's or just simple traling stop. Of course U can always trade this like reversal system. Let's try it!
I think it is worth!