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Originally Posted by ZeeJay
Maria, please test it first.
this indicator works great on some pairs and not so in others.
Works perfect for usd/chf on all timeframes....
also, the bigger the timeframe the better the results.
for example , a monthly or weekly squeeze, rarely happens, but when it does, it's gooood money on the long term.
best of luck!
CJ.-
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Thanks Zee..
It seems that the red dot happens slower than the MACD or Stochastic on a breakout.. I've tweaked the Bollinger and Keltner to both 14 periods and it seems to work better.
Do change it and you try it too.
I'm currently doing a testing with TTM Squeeze, MACD and Stochastic with also triple EMAs of 4, 9 and 18 period.
Will post the result in couple of days. This trial will runs for two months before I start my trading in Jan 01 2007.
PS: I suffered a loss of $2,000 prior to stepping into the FOREX market (I'm only 6 mths old into this new market) with greed and did not do enough research on technical analysis and fundamental news. Now I'm actually really learning and will relaunch my trading if the trial is profitable.