This is the first setup we cam discusss about.
I call it 3 Stoch MaFibo
M5 timeframe.
Why do we need it?
because using this setup - we can know the market condition and possible future direction of the trend movement using just this M5 timeframe only.
EURUSD for example:
This is USDCHF:
Please find attached the template with white background (for technical analysis etc) and template with black background (for trading).
How to use template?
Place template file to template folder (to C:\Program Files\MetaTrader 5\Profiles\Templates for example), after that - open chart (M5 in our example), right mouse click on any place of the chart and select Templates - [your/our template] (3stoch_black or 3stoch_white in our example - those 2 files are attached to this post).
Files:
3stoch_black__1.tpl 16 kb
3stoch_white__1.tpl 16 kb
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I just started this thread as a continuation of the talking made on this topic (we can read it).
Or ...to make it shorter: it was some discussion about forecasting/predicting of the next candle or direction of the movement or market condition evaluation.
And it was around standard indiocators in Metatrader 5 for example.
As a results - some good setups were made which are related to this story and I decided to open separated thread about this kind of technical analysis and evaluation.
It may be interesting for the people who are using lower timeframes (M1 to H1) to trade and, I hope - this thread will help them to predict/forecast some market condition and to catch |big movement" for example.
Sorry for complicated explanation. :)
Anyway - Happy New Year!