Thread: Reversal Indicator
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Old 10-02-2006, 12:05 PM
newdigital newdigital is offline
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Please note that VQ indicator is not showing the right direction on M5 timeframe. On M5 timeframe it's showing just the "message" that "something is going on". But not the direction for buy or sell. I tried during the several weeks every day so it is real info.

Probable this indicator is very good for highest timeframes (D1 or W1). But not for M5. And M15 and M30 should be the same with M5.

VQ is very good indicator. But it is necessary to use it together with fibo or some others.

I am using this indicator on M5 timeframe together with fibo (pivots mainly). And if I trade USDCHF for example I loaded all 4 majors charts just to see where the VQ indicator changed the direction.

The problem (on M5 timeframe only!) is the folowing:
we should have good correlation indicator which will show us big price movement in %% and so on. Just one oscillator. News_Oscillator indicator. Does not exist yet. Neither commersial, nor free one.

It is my experience with asctrend system in elite section (i opened the thread about asctrend in elite section) "to be ready" to trade it live (just for myself).

Sorry but I can talk about my experience only. I like Ichimoku indicator and I think it is the best one to know about reversal and everything on D1 and W1. But it is my personal. As to M5, M15, M30 and H1 timeframe so I think the best indicators for those timeframes to estimate the reversal zones it painting-the-past indicators.

You may ask :"well but how the other traders estimated the reversal many years ago?". Some of them used NRTR indicator (there is small thread about it somewhere in this forum). It was very good trading system based on reversal on NRTR: Nick Rypock Trailing Reverse.
http://www.forex-tsd.com/indicators-...post-here.html
It is very old trading system. I don't have any information about it except I posted in that thread.

Later on this NRTR indicator was coded for Metatrader by Russians (MT3 of couse because MT4 does not exist in that time) not in right way and then it was converted (by Russians as well) onto MT4 not in right way as well.

It should be ebook or something but i don't have. It should be old trading system.
Last edited by newdigital; 10-02-2006 at 12:20 PM.
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