**Steinitz** Method Revealed Here - page 75

 

svirgo,

Is this were you got the indicator?

https://www.mql5.com/en/forum/173574 on page #55 post#549

 

This should be the same one, was line but I changed it to Histogram.

It is not a CCI, its the Ergodic trigger so when you see the blue tips it is a positive trigger in that direction.

So a signal will be on a zero line cross.

Nice find.

Mart

 
steinitz:
Svirgo.....

Looks interesting for the original method in using the sniper indicator to signal a change in momentum. Maybe it has some divergence properties too. Could you attach the indicator for us to experiment with?

TIA

Drayco and Marhart has placed the link and file.

One more time here it is - you need both

 
mart-hart:
This should be the same one, was line but I changed it to Histogram.

It is not a CCI, its the Ergodic trigger so when you see the blue tips it is a positive trigger in that direction.

So a signal will be on a zero line cross.

Nice find.

Mart

Thanks Marhart

I did not realize that the tips were indeed the triggers.

All my concern for my entry was that the level is above the 100 or below the -100 line. as seen in earlier pics.

Marhart - if i am not mistaken i believe you had suggested the FXSniper indicator either in this thread or some other thread and got brushed off my a comment made. But i find it to be awesome. Compliments to FXSniper a real programming genius.

 
drayco:
svirgo, What is the significance of being on 1M TF? Why not just be on 5M?

I get the chance of seeing what price is doing at that level, i.e. M1 - a matter of preference for me.

 

HI Svirgo

very similar system like 1 min Kaveh,

could you please send your tpl, thx bj

 

Template

brainjt:
very similar system like 1 min Kaveh, could you please send your tpl, thx bj

Here ya go

Files:
4.tpl  256 kb
 

Hi

mtf fx sniper.... repaint?

thx for tpl

 
brainjt:
mtf fx sniper.... repaint? thx for tpl

No, Not when the higher TF bar is complete.

Mart

 

Hi,I found an interpretiaton of has candle for your reference.

There are only 5 simple rules for "Heikin Ashi" candle.

1. Positive candles mean buy; negative candles mean sell.

2. positive candle with upper shadow means strong buy; while negative candles with lower shadow means strong sell.

3. positive candle with lower shadow means "weak buy"; while negative candles with upper shadow means "weak sell"

4. candle shorter than previous day means "an indication of a change".

5. very short candles means "a change in trend"

Reason: