Elite indicators :) - page 1408
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Dear mladen,
I have this strategy that use EMA5 High & Low, but I need a filter or indicator to confirm the right moment of entry/exit or an indicator to increase the accuracy of entry/exit points.
The strategy goes like this, when a candle touch the EMA5 High/Low there is a tendency that it will retrace back to the opposite EMA. To prevent false signals, i need an indicator that will increase the accuracy of signal or an indicator that will confirm the entry/exit point.
do you have an indicator like this? and hopefully an indicator that will work with multiple time frame.
Thank you in advance.
You can use any of the 100's of other indicators as filter. Please check the posted things at this forum for something that suits you for the thing you have in mind
I use very similar strategy, just combo of M30/M5 (found out that M15 is not "smoothed" enough). Nice that someone else thinks the same way. This indi is not really indi as there is no computation or mathematical formula, just following the price. Very rare.
The indi is not really an indi but it keeps me away from ranging market. Ranging is where i made most of the losses. It marks highest low and lowest high visually. You will see price going lower/higher. In case of ranging market, it behaves well too.
Swing line is one thing. One more aspect im looking from swing line is flow between currencies - read here.
Maybe you want to look at stochastic for example...
You can use any of the 100's of other indicators as filter. Please check the posted things at this forum for something that suits you for the thing you have in mind
I've already tried stoch's, rsi, ma, macd, adx, fractals indicators to match my strategy but none of them fits..maybe i need a some kind of customized indicator
mladen
Could you please make 3_4 into a histo or add 3_4 enums to 3_3.
thank you
Ray
BB stops indicator made to new metatrader 4 format and with
This is a very good indicator Mladen. Would it be possible to have a histo version please? thanks in advance.
Here is the histogram version
Here is the histogram version