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So, if t3 is similar with SATL it is the main trend. On the picture:
- T3M in aqua color;
- SATL is blue;
- FATL is white;
- on indicator window 1 is FTLM-STLM.
T3M is the main trend. If FTLM-STLM (STLM let's say) is zero so it is the reverse point (for T3M). If the FATL and SATL are going on the same direction it is the very strong trend.
Growing STLM and growing SATL in the same time is evidence of the bullish trend acceleration. Horizontal and positive STLM and growing SATL is evidence of the set bullish trend. The more absolute the value of STLM, the more potential the bullish trend has. Falling STLM at falling SATL testifies the bearish trend acceleration.
Besides if take into account the RBCI2 indicator we may use information on what area of the values (neutral, overbought, oversold, local maximum and local minimum) we want to put our order (and for S/L as well).
But I think this system may work:
- using T3M (re-calculated SATL let's say) and FATL (just re-calculate it as well) for the signals,
- FTLM-STLM to find the very strong signals, reverse points (to avoid the losses) and for stop (exit) sometimes (to avoid the losses as well) and
- RBCI2 to trade inside the channel (to avoid trading in any overbought and oversold).
For example, see the picture: FATL is crossing T3M (sell signal), and this signal is valid up to reverse point (stop-exit).
May be. I do not know.
But anyway I think we should use some filter's indicator(s) to filter the signals.
Last edited by newdigital; 10-14-2005 at 11:57 AM.
I want to add that on the FTLM-STLM histogram (second window). On the picture above we see the buy signal and exit as well. And this second signal to buy is more sronger that previous to sell (according to RSTL and RFTL: RSTL is yellow on the main window).
Thus if we will take into account the RSTL and RFTL we may avoid some trades with losses or with small profit.
Last edited by newdigital; 10-14-2005 at 08:26 PM.
But in this case the system is becoming very complicated. We need to sort the digital filters to decide which indicators we need and what those indocators will do exactly. May be we do not need some of them.
I created KGSP indicator (Band Reject Filter (KGPS) - gating the fluctuation except specified band). It is pass stop. But I think we can not use it. May be I created it not in right way.
I do not know.
I used generator of digital filters (in download area) and I did it for eurusd H1
only. I did not calculate anything manually.
Does anybody have pass stop filter (to avoid trading in the selected channels)?
Last edited by newdigital; 10-14-2005 at 01:31 PM.