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I think that it all depends what your idea is behind you setup. If I understand this indicator correctly it was developed with the long term trade in mind.
I used several 5min TF strategies which at the end of the day provides alot of whipsaw and stress. Now if you use a Grid setup it might work.
What I strongly suggest is some other filter to sort the noise on 5minTF.
Keep safe trades
The Source
I think Angela forgot only one thing...
12 bars M5 = 1 bar H1
scratch that for a moment....i realised it was the larger time frame that was 'repainting' i.e i have the 4h and daily indicators on the 1h chart as well to use as filters...
while the hourly does not repaint (i need to have a closer look on the auto screen shots) the larger time parameters do change. expectedly because the candle on the 4h and daily hasn't closed yet and so sometimes on a choppy day you get red and green doing the dance but on hindsight every thing looks perfect....apologies for jumping the gun...
I am working on two other indi's that use 5min and I'm starting to develop tunnel vision.
Raff I think I found a way to develop the indicator I mailed you about yesterday. I played around and found some interesting outcomes with a combination of RSI, MFI,Volume and the bollinger bands.
I just need to work on the visual output of the bollinger Bands.
If you combine vq with other nonlagging indicators its very good, i wonder if someone could please post the volatility quality index, not the vq, the one that has mq4. thanks.
If you combine vq with other nonlagging indicators its very good, i wonder if someone could please post the volatility quality index, not the vq, the one that has mq4. thanks.
Jeeze. How many times are people going to ask for this. Go to post #1 and download it.
There are two different indicators, one is volatility quality index, which is different from vq the new version, i am asking as many others for the volatility quality index.
There are two different indicators, one is volatility quality index, which is different from vq the new version, i am asking as many others for the volatility quality index.
Show a screen shot of what is different in the one from #1 and the one that used to be called "Volatility quality index". If you can explain what is different then mabye Raff will fix it (If it actually needs fixed).
Linear Mode
