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You are right. It looks very similar, but try to apply a EMA3 on TrendStrenght.
Have a look at FX007's indicator and compare the same period with the TrendStrenght on USDJPY. There are some minor divergences on the date of 22 March. The "misterious" indicator did not crossed the 0 line while The TS crossed the 0 line up and down giving a false signal.
What I did, is applying a EMA3 on TS and the results are pretty much the same as the "mistery" indicator.
You must drag&drop the Moving Average indicator from the "Navigator" window, to the TrendStrenght subchart. When you release the mouse button, you must modify the parameters: choose "Apply to: Previous Indicator's Data" instead of Apply to Close.
could you possibly attach a screenshot? I able to get a 3EMA onto the TrendStrength but I was not able to see what you were saying about the trades on March 22nd.
I'm show my best indicator and not EA.
It give me about 5.000 pips per month with 1 lot only in 5 pairs and a drawdown 0.8%.
Success for all!
FX 007
Excuse me in advance for this small rant:
What I hate the most is people posting that they have this great EA or indicator, attach a picture of it's "fantastic" performance...then disappear...
If You have a great EA or indicator that helps you make $ and you want to boast the results then GREAT! SUPER! share it with the forum and let people have a go at it.
If you don't want to share it with others then please don't even bother to advertize...it's pointless...useless...irritates the hell out of me. If you have something good and don't want to give it to the public then that is your right and I have nothing against that...but keep it to yourself then.
Startegybuilderfx,the yahoo group etc,,, always seem to have a steady stream of these kind of dweebs trying to fish around for potential clients or for some other sick scheme.
I've posted my improved version in TrendstrenghtEMA thread, so check it out
And let the discussion about it flow on that thread, so we can improve the indicator together.
Check it
As to what sadaloma said, it's all true, we hate those guys
I am using 10,20 and 80 MA indicators in 15M timeframe. When 2 of them cross and the 3rd is close to the others I made a transaction. I am using also MACD(5,34,5) to make it clearer.
See attachment
My best ma cross
Linear Mode
