View Single Post
  #19 (permalink)  
Old 02-09-2008, 02:59 AM
aelimian aelimian is offline
Senior Member
 
Join Date: Sep 2005
Posts: 255
aelimian is on a distinguished road
Quote:
Originally Posted by FerruFx View Post
How to decrypt the Probability Meter values?

All values and colors have to be watch closely.

1. Multi-Info+ : more than 75 (red/green) for strong Up/Down trend

2. Indice Strength : 0-1-2 for strong Down trend, 7-8-9 for strong Up trend, 3-4-5-6 for sideway

3. Currency pair range : range of 5 or more between the 2 currencies. Example: 7-2, 9-3 etc for a strong Up trend ... 0-5, 2-8 etc for a strong Down trend.

4 and 5 : red color for Down trend, green for Up trend and Orange for sideway

The global value in percent (%) have to be watch closely and with experience you will have feeling. This value is the combination of the 5 values listed above. 75-80% is a good point for trigger a trade.

FerruFx
How could one use the probability meter for scalping?
Reply With Quote