Nonlagging Tools - page 12
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newdigital,
Can you tell me what significance the dotted blue/brown lines have in the MT Absolute Strength indicator in relation to the solid lines?
newdigital, Can you tell me what significance the dotted blue/brown lines have in the MT Absolute Strength indicator in relation to the solid lines?
Just some explanation with image.
M5 timeframe.
cable
ND,
how would you describe the signal right now in cable 5mins, after this long move?, i see red dotted line below red line and blue line below the dotted line, would you say its short or buy strong or weak?
Seems would be a correctional sell, those correctionals are good signals to trade or not?
ND, how would you describe the signal right now in cable 5mins, after this long move?, i see red dotted line below red line and blue line below the dotted line, would you say its short or buy strong or weak?
Full explanation from the image attached (see comments on the image).
This template is from my new asctrend M5 system which I am testing in elite section. One of the templates. There are 3 totally. Sorry for promotion
Please note that everything which I wrote to the image is related to the market condition only. It is not like "open buy" or "close buy". Just a market condition. To get the signals to open the orders you probable need some other indicators togehter with this one may be.
Now is correctional sell on GBPUSD.
I call it correctional trend. May be, it is not right term/word but you understand.
Correctional trend:
- correction
- correction of the price movement
- sell for a while after and before buy;
- counter trend
- Firebird is working fine
- DayTrending3 EA made profit
and so on
It was wrong image.
Image was updated on the previous post.
Sorry.
Now is ok.
Question about non lagging MA
I've got a question about the indicator this thread was initially about - the noLAGMAv4 indicator.
for example in the image below would you enter in a long position at the first red arrow (when the indicator changes from red to yellow) or the second red arrow (when the indicator changes from yellow to blue) ?
Thanks !
thanks ND,
Which settings would be good for mtf absolute strenght for 30mins or 1hr? how would you change the correction signals?
thanks ND, Which settings would be good for mtf absolute strenght for 30mins or 1hr? how would you change the correction signals?
I am using this "correctional evaluation" for M5 chart. H4 and D1 is different. For H4/D1 I am using normal (not MTF) indicator and it is different estimation of the correction for H4/D1.
This indicator is not giving very earlier signals. Especially on H4/D1 timeframe. Just for example: in the moment I posted my image to you on this thread about GBPUSD M5 timeframe I had the other image. H4/D1 and it was uptrend. Because it is very difficult to deal with this indicator concerning correction on nigher timeframes.
I can use this indicator just for market condition evaluation. Not for trading. We may get good "image" about were we are and what will be with the price in the near future.
Because I woke up in the morning, typing on the forum, visiting the threads and after that only I am openning Metatrader. And if I want to know about what was happened with the price before, what is going on now and what will be in the future so I will use this indicator. The same with 'Information' in airport
As to settings for M30 and H1 so I do not know yet.
thanks a lot ND, very descriptive your explanation, btw how do you see today in cable 5mins? seems a very sidetrend day so far.
It is very risky sell.
I am not sure that it is understandable from the image attached.
It was downtrend with correctional uptrend in the same time (according to the indicator). It means: not strong trend.