Quote:
Originally Posted by TimeFreedom
ET,
I just updated the indicator again. Attach it to your chart and let me know your thoughts.
TimeFreedom
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I have noticed last night during the Asian session that the arrow does not appear until the succeeding candle is almost complete which is typically what one does in any signal alerts. It seems there is a lot of potential in this alert, will see again tonight in start of new session.
I still do not understand what the criteria is [see chart for GBPUSD below], the candles closed below, but RSI above, I guess that is the key.
Stevenali,
To trade above the floating pivot, must RSI be above 50, and vice versa? Though RSI is below 50 where indicated for the short, I guess its one of those trades which needs filtering somehow.