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Intermarket Eurusd Matrix

Warning:

This indicator suffers from bugs and freezing up from time to time, These are deeper bugs and can mislead the user.  I will look into this and if

I can fix them.  There's also erroneous data which triggers false alerts, so this requires sharp skills to see through the data and use the indicator..








This indicator can detect the high/low of the week/day/4H,1H,30min (check last image for details).  I will provide further tests on this.

This happens when the blueline stands exactly between the orange and greyline, the market tends to stop and reverse or at least stop.

This indicator will be updated in stages to provide automatic detection of these levels. in the meantime you can visually check the pattern.

 

Simple Strategies for all traders: 

(I do it myself on the 30min-4H chart, I click on the chart twice to avoid erroneous data,  then I stay on one time frame, or may switch to a shorter one halfway through). 

For now you can use it to trade, when a signal is detected a warning will come up. Inexperienced traders please rely on this warning, and on the

3 line pattern (when blueline stands exactly between the orange and greyline), and pay some attention to open gaps. Ignore the ''Greyline buy/sell''  on the upleft corner.  The other indications are last bar time left (in seconds) and an x VS y indication, which measures the pips of the two distances

x=greyline-blueline

y=blueline-orangeline

when x equals y, the high or low of the period in question has been made! I have allowed for a tolerance of around 5%.



Complex strategies using the older patterns:

Use the following instructions on 4H and 30min charts. Never trade against opposing orangeline on the 4H chart.  When in conflict, the market

goes nowhere, when orangeline agrees with your trade on both time frames, you can take the trade. The Greyline indicates more insghtful gaps and

real time strentgh of EURUSD.


Best Buy Signal: Greyline is above close and orangeline above open

Best Sell Signal: Greyrline is below market and orangeline below open

Warning to Buy: Market drops, orangeline is above open and continues to rise - briefly ignore greyline signal

Warning to Sell:  Market rises, orangeline is below open and continues to drop - briefly ignore greyrline signal

Greyline open gap on previous candle: It's a high probability target


You can buy an overbought candle when greyline is above close, but the trade should have tight stops or be watched carefully, as the market will

soon reverse. Or consider play both sides.  The orangeline tells you if the specific candle is overbought relative to the matrix pairs.


Exit long trades when orangeline drops below open

Exit short trades when orangeline rises above open

Prepare to exit a profitable trade if market price tests an important gap previously formed by any of the 3 lines - moreoften than not, maximum

profit occurs at those levels.


Basic gap theory (blue/orange lines)

https://youtu.be/mGhOSRXuQFQ



Why waste time not knowing when to get out of a trade, or why risk entering the wrong trade?  The EURUSD risk warning indicator  tells you when to get out, but also when to get into a trade and when to consider just long or just short trades. It also reveals hidden gaps, where EURUSD will be attracted to, never place stops in the path of recent hidden gaps and you will be way ahead of other traders!

This Indicator relies on intermarket analysis, using EURCHF, EURAUD, AUDUSD and the USDCHF pairs, to generate signals on EURUSD only! In order for the indicator to work, all these pairs must be available on the MT4 platform. The fundamental idea relies on EURCHF and how money flows in and out of safe haven markets and in and out of risk markets. EURO being a risk market and Swiss Franc being a safe haven market... As the idea evolved, the indicator improved by adding the other pairs.



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版本 2.0 2019.04.11
This is a more versatile version of the intermerket Eurusd matrix, so that it offers both manual operation on daily and weekly
frames, but also automated warnngs in all time frames. Plus additional readings. This makes it easier for new traders to use, more interesting too.