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Here is what they mean;
1. Yellow - short term traders (Mainly going for quick pips and not interested in holding positions)
2. Orange - short term traders (Those hold on the positions a little longer than the yellow)
3. Blue - mid term traders (Mainly swing traders, usually hold on the positions longer than previous 2)
4. Green - long term traders (Will hold on to their positions longer than mid and short term traders)
5. Red - long term traders or investors (They hold on to their position the longest
The Blue Red line is a slope direction line and shows the change in the trend from Blue to Red etc.
I use it to check the trend. then I go to the synergy system set up by Dirk on a separate chart.
I like to see if I am with the over all trend on a position and what everyone type of trader is doing. (This is not a system I made up I found it on another webpage and then combined it with the use of Synergy)
Normally my charts look like this,
look pretty , but not good for short term trading, even after studying it for a long while
Here is what they mean;
1. Yellow - short term traders (Mainly going for quick pips and not interested in holding positions)
2. Orange - short term traders (Those hold on the positions a little longer than the yellow)
3. Blue - mid term traders (Mainly swing traders, usually hold on the positions longer than previous 2)
4. Green - long term traders (Will hold on to their positions longer than mid and short term traders)
5. Red - long term traders or investors (They hold on to their position the longest
The Blue Red line is a slope direction line and shows the change in the trend from Blue to Red etc.
I use it to check the trend. then I go to the synergy system set up by Dirk on a separate chart.
I like to see if I am with the over all trend on a position and what everyone type of trader is doing. (This is not a system I made up I found it on another webpage and then combined it with the use of Synergy)
I have just stumbled across this great thread and tried the "Traders Dynamic Index Visual" indicator and bagged a heap of pips on the fist night of trading.. But I have a question about some symbols that keep popping up from time to time (see attached screen capture) What are they for???
Also could some body add "Spread" and "Pip value" to the display.
Why, I can then clean my main chart window up a bit more (see top left of screen cap)
Hi
I was playing around with the Traders Dynamic Index indicator and added in the extra line plus the visual alerts see my explanation on this thread post #55
thank so much , for the previuos indicator that i found on the forum that i ve found very good .
i 've download,so do I this tool Traders Dynamic Index VISUAL ALERTS.mq4
but i ve not recognise there was another arrow below and i don't know if i make small size the screen the tolls don't keep the size how the screen is at the same time.
Because usally i will use small screen . my question is also if is possible to set the tools in the screen.
the second question is how can I find the complety trading document how to use the indicator ?
Linear Mode
