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LinkBack (14) | Thread Tools | Display Modes |
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Yes, I translated.
It is Fibonacci trader indicator. Some description you may find in the code of this indicator (in english). For example: Blue line is Static level of balance; DodgerBlue - Dynamic level of balance; Yellow - Static steps of balance; An other yellow line - Dynamic steps of balance; Black - Static level of support; White - Dynamic level of support; Black - Static level of resistance; White - Dynamic level of resistance. All the color of the lines may be changed in the settings of the indicator. Last edited by newdigital : 10-19-2005 at 02:08 PM. |
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It was a reminder that some indicators are going together with an other indicators or EAs. Just to remind that.
Thanks. But anyway all the EAs should be posted in respective area. As to this particular so it was posted already. And not one even. Two versions of EA you may find at: See at Trade on ... |
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Dear hua,
I am afraid you are too optimistic about that. Here's some thoughts: I am wondering what is the reason for creating numerous MACD-type indicators like the last one? Here we again have one MA subtracted from another. LWMA makes no difference here. The period of slow ma is set to 120. That means it will miss a great part of a trend whem crossing zero. The purpose of levels is unclear. Should I react on each bar that changed its color and at what moment? On zero bar or after its close? I will definitely win during trending periods and surely loose at whipsaws and false diversions when the market looses momentum but still trending. If this indicator gives me 200% profit in some future with a current drawdown of 90% I will never use it. That's that. Good trading |
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LinkBack to this Thread: http://www.forex-tsd.com/indicators-metatrader-4/89-something-interesting-please-post-here.html
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