Do you know why I ask you this question?
First of all, I will show you some example of false signals.
They are related to Pivot, S&R logic big time !
This is E/J M5 chart..
1.See point 1, there was a buy signal..but I would not buy..why not?
2.It's simply because it was at resistance level. (Point 2)
Another example amigo..
Here is another example..
See how the price bounced when it reached support level (Resistance became support this time)
Good signal example..A lucky 10+ pips..
Otherwise, it will produce a good signal..
(USD/JPY) Caught one signal just because you asked me to show some example..LOL..Actually I dont have the intention to trade today..
Ok, dont worry about commision..I will buy you a drink if I visit colombia someday..LMAO..
As I stated in previous post, this setup is still in beta testing.
I know that SilverTrend repaints horribly, so I may look for alternative way to replace SilverTrend.
Unfortunately, I will be quite busy this month. So, Im sorry in case Im not able to reply in this thread..
I will continue research when I have the time..cheers..
thx for your help VX
I am testing your system and is working great. I will look at the Drews suggestion about the Elite indicator too. As I stated earlier, to measure volatility is very important for me as a way to determine a variable stop and target.
You are right about the repainting, but i can live with it for now
VX re Heiken ashi
I also find the HA to be quite useful.
The following post has an idea re HA lines which lets you see when you might expect a change in the signal of the open and close of HA.
Im a big fan of Heiken Ashi
Yeah..I know that thread as well..Im a big fan of Heiken Ashi too.
HA was among the first indicator I use for trading system. Those days I used Isakas method. Well, obviously, Im still with HA. Thanks for reminding me.
im still using the damiani volatility meter...anyone know how to change the background color during a trade, no-trade situation?
Nice pippage nirvaman...
I am currently steeping back to a simpler method...sma
i have modified the attached indicator to use sma instead of ema and am currently getting some nice trades when verified by the ha and sliverbartrend....
any coders can add an alert and maybe a sound alert to this indicator?
any help would be appreciated,