Solved the 'forex mystery'. - page 25
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Do you know what the advantage of forex is?
It promotes the emergence of new Nostradamuses :)
NZDUSD repeat
the direction of intersection of the MFI and ATR is ?
does the direction in which the MFI and ATR intersect matter ?
does it matter - if the MFI reaches 70-80 20-30 that shows good volumes.
The intersection of the MFI and ATR indicators is an illusion, because they have completely different scales on the Y-axis. Just scroll left-right on the chart to be sure and you will see that all three indicators "float" relative to each other. Sometimes a shift of 1-2 bars changes the picture dramatically and this is normal. That is, these crossovers are very conventional, they are redrawn on history and do not make sense. Perhaps, it makes sense to change the direction of the indicator lines and/or approach them to some threshold values which can be visually perceived as the fact of crossover.
Attached here are two charts with a shift of several bars relative to each other.
Hello all adepts!
There can be a shift when the chart is enlarged.
So you need to check three times M1 M5 M15
))
The idea is to flash the three indicators into ONE indicator.
The idea is to flash three indicators into ONE indicator.
It won't work.
If AO (aka MACD) and ATR can be tightly linked in one window, because they have a common unit - price points, the MFI is an oscillator and has a completely different scale of measurement. It's like the weather forecast website foreca in one window on the y-axis on the left the temperature scale (in degrees C) and on the right the precipitation scale (in mm). And even if the temperature graph crossed the precipitation graph (histogram), it makes no physical sense - they have different units. This just needs to be realised.
It won't work.
If AO (aka MACD) and ATR can be tightly linked in one window, because they have a common unit - price points, the MFI is an oscillator and has a completely different scale of measurement. It's like the weather forecast website foreca in one window on the y-axis on the left the temperature scale (in degrees C) and on the right the precipitation scale (in mm). And even if the temperature graph crossed the precipitation graph (histogram), it makes no physical sense - they have different units. This just needs to be realised.