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LinkBack (57) | Thread Tools | Display Modes |
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May be it was misunderstanding
but I wanted to say that this indicator is not painting the past and is not re-painting the color. But it should be better to have yellow zone (to act as additional filter) instead of one bar yellow color. |
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In this case yellow color works like Signal for Opening Orders or Closing of previous trade.
Look at the chart - it's GBP H1 ( Filter = 20 ) for some last days.
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Let's improve trade skills together http://finance.groups.yahoo.com/group/TrendLaboratory |
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Quote:
I can not use Filter value more than 1 in this indicator. Because if the Filter value is more than 1 so this yellow zone will be moved to tradable zone. See image: the yellow zone was moved but it should be in different placed according to the reality. |
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Look at the image: if we understand this yellow color as reversal, stop (on the next bar) or open the order (on the next color) so it may be ok.
But it will be much more better if we understand this yellow color as a yellow zone: non-trading zone which we may use for stop and not to trade. |
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I think that for more accurate signal you can use several MAs with different Length or Filter values.
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Quote:
Because if you modify indicator to have yellow color as sideways market zone it will be great. |
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I am the proverbial "wet behind the ears" in the Forex area however I do find the whole thing tremendously interesting. I have downloaded the indicator for MT4 at the start of this thread and after putting it onto a chart the only colour I get is yellow. I put the file into the MT experts folder and it shows on the indicators list but the line on the chart is just yellow whether the movement has been short or long or anything inbetween. I would be very grateful if anyone can help or advise as to whether I have done something wrong or need to input any values for it to work.
Thank you |
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