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I know that it is the system based on price movement and it is very sensitive concerning the news events.
Look at the image (blue horizontal line is high impacted news):
By the way, many years ago I used channel trading system with real account but it was H4 timeframe.
Of course: the more higher timeframe - the more accurate signals, movement is more understandale and more explained/predictale and more profitable of course.
Hello New Digital
How do you handle the re-painting of the Var Moving Avg? I have already seems today on the GBP-JPY on the 5 min chart the Var Moving Avg had a signal only to watch it re-paint 2 bars later and the first signal just get removed and re-painted.
I am not acting on 1 dot or 2. I am looking for price action and the channels also. Usually there are many dots coming one by one ...
May be I did not see repainting.
You can use this indicator with alert for dynamic support/resistance lines to know exactly the price which should be broken (for breakout), or where to exit for example.
Look at this chart. It is GBPUSD. Do you see dot? This dot is on open ar. It means that bar/candle did not close yet. We are not trading on open bar. We must wait untill the bar will be closed to see the signal after closing (or not to see).
It is normal case?
Yes. Because we are trading on close bar only. We are ignoring the signals on open bar. Signal on the first image should not be exit for us as it is just a warning: 'possible sell soon'.
We are trading on close bar only.
Any signal systems are trading on close ar only incl BrainTrading, Brainwashing, any asctrend, any EMA crossing and so on.
Just some infor about what is open and close bar concerning signal systems (and according to coders' understanding when you will want to descrie the coders your rules to be coded).
If you will say:
sell on bar #1, or sell on close bar (in most cases it is previous close bar), or sell on previous bar (in most cases it is previous close bar) so very coder will understand you that you are talking about close price forjust one previous bar.
Otherwise the coders will ask for the ules, or will ignore the request.
You can use this indicator with alert for dynamic support/resistance lines to know exactly the price which should be broken (for breakout), or where to exit for example.
If you have time will you please show some examples of using this range move alert indicator.
Yes, I will try ti give simple explanation about this indicator (on Friday may be). This indicator is very interesting and it can be just separated trading system using just one this indicator. But basicly it is related more related to support and resistance.
Yes, I will try ti give simple explanation about this indicator (on Friday may be). This indicator is very interesting and it can be just separated trading system using just one this indicator. But basicly it is related more related to support and resistance.
I look forward to your explanation and insights when you have time Newdigital.
Linear Mode
