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This is not intended as a tease i just thought that i would post a screenshot of my latest TREND indicator, i am currently working on a security code to protect my investment in time and will post a trial version when that code is completed and tested to my satisfaction
This Dynamic trend display has an engine room that i believe is unique and is like no other trend indicator i have ever come across, it is primarily signalled by price and it involves no indicators like RSI /STOCH/ MACD /MAs/ SAR etc such as other trend indicators tend to have, it constantly refers to the current price and a combination of the current price in relation to price up to 5 bars ago so the M1 responds to the previous 5 minutes of info the D1 relates to the previous 5 days, the bias is heavily towards the current price and filtered with the previous price action. So far it appears to give very good trend/reversal indications without to many false signals. The 3 lines on the sides of the borders are the 50% level and the upper/ lower consolidation area, if both colored bars are inside the upper/lower area price consolidation is shown if when this happens 1 of the colored bars is in the 50% to upper area this shows that although price has gone flat there is still a bias towards that direction and of course if 1 of the bars is above the upper level then this shows that the price has some good strength in the move and as usual the more timeframes that confirm this move the better and stronger the directional move is.
The below screenshot examples show some of the ways you can load this indicator, you can set up a full screen of currencies on 1 chart to use it as an overall currency monitor or have just 1 or 2 windows or display them on the main chart, the indicator is just 1 of the period units so each timeframe must be loaded separately which obviously allows the user to set up any combo of timreframes and currencies as required. This indicator has an automatic random number built into it so as many can be loaded onto the same chart as required with no code conflicts.
Hi, CJA! could you plot zero level on the center (50% level - so it'll be Up/down from the middle (like AC, gator, etc) and post 2 versions in one chart to compare how they feels?
Hi, CJA! could you plot zero level on the center (50% level - so it'll be Up/down from the middle (like AC, gator, etc) and post 2 versions in one chart to compare how they feels?
Hi fxbs
Been there done that as you can see by the attached screenshot i have tried many different displays along the way and settled on the current one for now.
ooo Wonderfull indicator cja, I'm always love with all your indicators, maybe there were 5 indicators that I'm using in my trading. When you launch your this newest indicator ? I'm waiting although in ex4.
Hi fxbs
Been there done that as you can see by the attached screenshot i have tried many different displays along the way and settled on the current one for now.
Hi cja, looks good, you got artistic taste i must say, you are one of us
Quote:
Originally Posted by cja
it constantly refers to the current price and a combination of the current price in relation to price up to 5 bars ago so the M1 responds to the previous 5 minutes of info the D1 relates to the previous 5 days
it would be cool if we can tweak the settings there, i mean instead of 5 fixed bars you should let the user to decide how much bars
look forward testing this, i don't actually need it but it looks like a nice indicator to play with.
cheers
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Creativity is all you need, Its part of the BALANCE
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