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So.. green means okay, yellow means warning, red means step aside?
SW helps filter ZLR's - if GREEN ok to take ZLR, if yellow, conservative traders should wait for confirmation from either CZI (3 bars in agreement with ZLR read) or another CCI pattern.
The Woodie style of trading is a huge topic to delve into, personally I do not trade it. This SideWinder indicator and its friend the ChopZone Indicator was devised by the Woodie folk or himself, I'm not sure, to aid them in choosing better times to apply their methods.
Over time I have picked up on a few tips here and there but am not sure enough to give detailed explanations on how it all works. It would be great if someone who is more experienced in using it would be able to shed a bit more light on it.
As far as I know, it measures, amongst other things, the angles of the LSMA and EMA, and uses that to determine if the market is flat(RED), normal(Yellow) or trending(Green). The math’s is a bit more than just that, as I discovered when coding it
For example Green would imply that the angle of the MA's are at a steep level and thus there is obviously a strong distinctive trend or price leg in the making.
Now when this is combined with the Chop Zone Indicator and they confirm each other, the odds are pretty much in your favor that if you where to take a trade at that point in the direction of the agreement, you are getting into price action that is displaying trendyness and movability, not this silly sideways nonsense of one bar up and another bar down etc.
As I said, I am not using this - but now that it is made, might start to do so - so I am no expert at using it.
Hope this helps a little, but it sure would be nice to have a definitive guide on how to the use of ChopZone and SideWinder, I think this has been asked for before on the WoodiesCCI forums etc. But usually people catch on to it via the live rooms they run.
The Woodie style of trading is a huge topic to delve into, personally I do not trade it. This SideWinder indicator and its friend the ChopZone Indicator was devised by the Woodie folk or himself, I'm not sure, to aid them in choosing better times to apply their methods.
Over time I have picked up on a few tips here and there but am not sure enough to give detailed explanations on how it all works. It would be great if someone who is more experienced in using it would be able to shed a bit more light on it.
As far as I know, it measures, amongst other things, the angels of the LSMA and EMA, and uses that to determine of the market is flat(RED), normal(Yellow) or trending(Green). The math’s is a bit more than just that, as I discovered when coding it
For example Green would imply that the angle of the MA's are at a steep level and thus there is obviously a strong distinctive trend or price leg in the making.
Now when this is combined with the Chop Zone Indicator and they confirm each other, the odds are pretty much in your favor that if you where to take a trade at that point in the direction of the agreement, you are getting into price action that is displaying trendyness and movability, not this silly sideways nonsense of one bar up and another bar down etc.
As I said, I am not using this - but now that it is made, might start to do so - so I am no expert at using it.
Hope this helps a little, but it sure would be nice to have a definitive guide on how to the use of ChopZone and SideWinder, I think this has been asked for before on the WoodiesCCI forums etc. But usually people catch on to it via the live rooms they run.
Best wishes and happy hunting
FX Sniper
Now my headache is getting worst , but still.. thanks for the explanation
You hit it BULLSEYE! This is one super set of indicators. Thank you!
I noticed, however, that when I attached them to another MT4 setup (not all), the Sidewinder colors either do not show or only the red color shows up. I am sure if anybody else have noticed it. Nonetheless, it works on my other MT4 setups, so it's cool.
With regards to your problems, I can think of 2 possible reasons for this.
1. You might not have as much history on the chart that is equal to the LIMIT setting you can change when you put the indicator ontot the chart, it's default is 1000 - if this is the case try get more history.
2. You might have a MT4 setup that is simmilar to the one "vince-ac" has mentioned in the 3rd post above in which case I have no advice as this must be something custom to that particular setup.
Perhaps someone else also has this experience and could share some light on it for us. I have tested it on ALPARI, FIBO Group and SBFX and it is working fine on those.
Also, thanks for your idea on EMA Channel for Heiken Ashi MA (thanks also to raff1410) shown here: http://www.forex-tsd.com/attachments...f?d=1154271021. I have attached your latest LSMA and Sidewinder to the chart and there is my simplified trading system.
You guys are truly helping me clean up the clutters on my charts.
This trading business is a lonely story to say the least, so I suppose some of us try to reach out for some company now and then in our own way, and it is great when someone comes back with friendlyness and gratitude.
I wish you only the best for your future trading adventures !
This trading business is a lonely story to say the least, so I suppose some of us try to reach out for some company now and then in our own way, and it is great when someone comes back with friendlyness and gratitude.
I wish you only the best for your future trading adventures !
FX Sniper
Allow me to add my personal thanks. Good work and thank you for sharing.
Best wishes, always.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
Also, thanks for your idea on EMA Channel for Heiken Ashi MA (thanks also to raff1410) shown here: http://www.forex-tsd.com/attachments...f?d=1154271021. I have attached your latest LSMA and Sidewinder to the chart and there is my simplified trading system.
You guys are truly helping me clean up the clutters on my charts.
Where do we find the indicators and template, please Cruiser? I would like to test-drive it also.
__________________ "Risk comes from not knowing what you are doing" The Tao of Warren Buffett.
"Avoiding mistakes, makes people STUPID and having to be RIGHT, makes you OBSOLETE." Robert Kiyosaki.
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