Quote:
|
Originally Posted by Trading MM
Thx...........
|
I use the Float indicator to confirm the MM low & Highs - I tend to find that if the Float confirms 3 time frames with the same HIGHS or LOWS as the MM levels HIGHS or LOWS then that has the potential to be a strong reversal point, I find this works best using the 5 min, 15 min, 30 min & 60 min. I have taken the Data off the chart and placed it into the indicator window to make it easier to see, plus it leaves the chart comments area free to show the MM levels. I have included the Float Volume levels but as yet have not studied the significance of them although I understand the Volume has good trading value.
There is a slight glitch in the "Float Vol left" reading as it keeps changing to give the Float volume level but I am trying to fix that at the moment, I have also adjusted the CVEND & CVSTART lines to run right thru the chart & indicators. If you want the indicator I will post it when I have fixed it.
Float.gif