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Originally Posted by deepdrunk
trend bands are verry good i like them better than boolinger bands.Midle band line is an EMA 34 and we can use it as sup-res and outher bands as first target.
For trend strenght indicator it also look like good confirmation and can be used for exit also.
MTF macd is litle slower but we should play around it as it is macd from 15,30,1,4 hours so if we change the code to get macd from less than 15 minutes we could get earlier confirmation of astrend sygnal.
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Hi Deepdrunk
Thanks for your post
Can you explain use of those other 2 indicators ? ( MACD obviously I know )
In general
One thing that I probably forgot is that much development has already occurred in these ASC indicators ( years ) especially ASCTREND and this updated ASC style indicator Labtrend.
Given this I would propose more is less for these M15 entries , lets get it back to basics and now look at SL settings ( by trading on demo in real time ) , exits and targets. Lets see what can be extracted from the basics that have been provided by ND etc over the next week.
So suggest use RSI or MACD or CCI etc is discretionary at this point in time
Regards