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I have posted a request for a MTF RvmfFractallevel indicator many times-I simply want to be able to place that indicators level from one time frame onto another time frame-that's it. If you do not understand Gann,Astrology and cycles-YOU Will not understand but I will. Unless you know what I am doing you cannot judge it's efficacy. I am happy to share the results from this NON-Lagging and predictive system(which this is a part of) but the questions are non-productive. If you CAN and WILL code this-I look forward to working with you. If not-I am not interested in hearing from you. If no one will I will continue to do it manually and wait for the Russians,Indians and the Chinese to do it-AGAIN while this board continues devote it's resources to systems that get thumped by the MACD-yet ANOTHER LAGGING INDICATOR .
Traders were asking to post some strategies that will work on smaller time frames.
Here is one very nice trading system that can be worth your attention.
When a trader chooses to use small time frames (like 10 min, 15 min, 30 min even 1 hour) risks to be wrong are always higher than with larger time frames.
Therefore, it is very important to have a really good Forex trading system that can advise on entries with high chances to win and what's more important it should be able to tell exactly where to exit without need to constantly monitor the price.
Note also, the more traders look at charts, the more they tend to have controversial feelings about the success of a current open trade...
With all this long introduction, it is only left to mention that this strategy will require from traders basic knowledge of use of Fibonacci tool.
What is Fibonacci tool and how to use it? Simply Google "forex fibonacci" phrase and you'll find a lot of information about it.
...This is probably the only reason we classified this trading system as Complex one, not every trader is comfortable with using Fibonacci studies in Forex.
Trading setup:
Time frame: any over 5 min and less than 3 hour.
Currency pairs: any.
Indicators: 5 WMA
Rules:
Look at the price waves. Find the most recent swing high and the most recent swing low = so called Fibonacci A swing and B swing.
Pull Fibonacci from A to B.
To know which direction to pull (up or down) simply look at the trend; if it is unclear, find appropriate AB swings and set Fibonacci in both directions.
Once set, wait and watch the retracement from AB swing to unfold.
During the retracement there are three conditions to be met in order to consider trading:
1. The price must touch 5 WMA.
2. The price must at least touch 0.382 Fibonacci retracement level.
3. The 0.618 Fibonacci retracement level must not fail. Here it means the price should not close below (uptrend) / above (downtrend) 0.618 retracement line. It can touch or poke it, but the level must withstand the "attack".
When all three criteria are met, enter once the candle is clearly closed above 5 WMA for Long entry, below - for Short.
Stop order is placed always 4-5 pips above (downtrend) / below (uptrend) the 0.618 Fibonacci retracement level.
Profit target is set to 1.618 Fibonacci expansion level derived from point A.
Most of you are well familiar w/ the Fibonacci expansion/retracement tool where it projects the fib proportions at horizontal price levels.
Instead of drawing an angle from Hi to Lo or Lo to Hi resulting in horizontal levels, can the code be written so that the fib proportions or levels are perpendicular to the angle drawn ? sort of "unlocking" the levels from the horizontal status ?
"This indicator, gift to trader Glorinika, in day on March, 8th. Among Indicators of a day time range, i-DayRange it has appeared best and consequently it has been decided to finish it, practical enough indicator, helping to understand a situation in the market in current of day As a result has turned out, together with to earn. How to use. This indicator effectively starts to work with opening the European session. The time frames is applied on small, beginning from 1 minutes and above. It is intended for scalp, or definitions of a precise point of an input in the market. At the top of the schedule in comments there is an information necessary for the analysis. Spread = in the some people Diling Centre, sometimes changes (it is necessary to supervise), the Channel = a range of the day time channel in items. Following three figures, a range of last three candles, with plus - upwards, with a minus downwards, a colon: opening is equal to closing. Further, as an example: 1/8 = 22.1/8 = it is a range in items, each of 8 divisions Fibo. That is, all day time range shares on 8 and then the range between 62 and 50 will be equal 1/8, or = 22 items. In due course it is possible to understand, with use of these comments. From above and from below the day time channel = Fibo, figures showing in items distance from the price up to Finding fault or Law, a day time range cost. How to use Fibo, at recoil in 12,5 and 25, or 38 (depending on a situation in the market!!!), We become in a position in a direction of movement, = (доп. The important condition, =только at a range of the channel is more than 80-100 items, in general for each currency, the range = breath of currency = is defined personally). Red and dark blue lines on the schedule show levels of support and resistance, at present. At prompting on them the cursor, show their name. Alert if to use by default = zero, (best variant) and on several currencies simultaneously annoying and frequent noise, speaks, that has begun movement or a trend. Tishin speaks, that there is a recoil or flat. Vertical lines = show about approach of the termination 4-H, or 1-H too very much an important point in the analysis. Like all. Well, and still, this turkey-cock, sometimes, it is necessary to switch about one time of the frame to another. (and sometimes (it is better more often) to look through on linear schedules). Like all. After presentation of this indicator, has decided to work above it. Has added доп. The channel, TF one more channel (TF_доп_канала) is exposed in entrance parameters of the indicator. If it is not necessary it is possible to disconnect always having changed one more channel (Доп_канал) = true on false. Like all. SUCCESSES."
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Linear Mode
