Highlight Bar n days back
I am searching for an MT4 indicator which will place a arrow or symbol on a bar n days back (i.e, the arrow will always be n days back)This is helpful in finding out and 'anticipating' the future direction of a Moving Average. The idea is taken from Chick Goslins trading
is N a fixed number -- can't see your logic, what arrow, what N days , why go left, but not right
N is a fixed number ...for instance if you are using a 50 day SMA to determine the trend, N would be 50 and the arrow would point to the 50th day (to the left!) from the current day. This will show the bar which will be dropped off tomorrow when a new bar forms. The logic is that by seeing the bars which will be dropped off we can 'anticipate' the future direction of the SMA. Hope it makes sense. To quote from the Chick Goslin book Trading Day by Day:
"The Trend Line:
The trend line is a 49 day Simple Moving Average whose function is to indicate the existing long term directional price energy flow. The basic idea of the trend line is, if the current price is higher than it was a couple of months ago (ie. ten weeks ago), then the trend of the price is presumed to be up. Over any meaningful period of time, the best (ie. the highest probability) trades will be those markets with well established trends
Anticipating the trend line: To anticipate the direction the moving average will head next, simply compare the price area of the past few weeks with the prices around ten weeks ago. In other words, if current prices are clearly higher than they were ten weeks ago, we can anticipate the 10 week MA will continue moving up; if lower, we can anticipate it will continue to move down.
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Can we have some more info?
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I have found this interesting Indicator ShinNeAshi.
Someone know how to trade with that ? And which setting is good for the indicator?
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I'm new to trading and need some help and advice.
I would like to find out if there is any alarm software out there you can set if Forex reach a pre-set point where you would like to Buy or Sell.
I do not have the time checking the Indicators the whole day, so I need an alarm to tell me when the indicator reached my desired buy/sell point.
Any ideas or advice on names of software or applications? My Forex of choice for now to play safe and learn is etoro.
Thanks for advice in advance
Does anyone know this indicator?
Does anyone know what indicator or templete is using in the main chart?
Please share with us, thanks.