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PDOT indicator ( based on dupond geometry )

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Ravique
574
Ravique  

Have found this nice looking pdf file over at TSD forum, looks nice, and has a formula for an indicator, but there is no indicator coded for this in MT4 , probably Scorpion, or someone else could code if interested.

Here is the formula :

Here is the pdf:

https://www.mql5.com/go?link=http://www.forex1000.com/FXFisherman/chartpoint1.pdf

gazuz
1261
gazuz  

Looks like a moving average to me, and from the formula looks like it again just more average? This most likely will make late signals because the latest moving average will not have as much affect, making it late. BUT I think using this strategy using different timeframes as well may be a good idea. Work on the longterm trends, if every timeframe agrees then either short or long.

Anywho I don't have much faith in this unless i have a lot of money to spend otherwise I would need to trade 0.0001 lots in order to be able to trade without dumping my account.

Scorpion
4110
Scorpion  

This indicator no doubt is 3 days sma applied to typical price. The dot-dot or solid line thing is just a matter of setting. Somebody must have renamed a great invention just want to get a little credit.

Ravique
574
Ravique  

Probably you ` re right guys .

There is the morality of this story : Don`t get confused by fancy things, and start working something out only with a clear head.

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