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Re: Rijay's System of Moving Averages

rijay, Mon Jul 22, 2019 2:05 am

how to find whether volume generated is buying volume or selling volume on any candle, if volume confuses you more.

as candle reflects everything in what happened inside it by its appearance, and buying and selling volume starts first on lower time frames , then reflects on higher timeframe candle,

the indirect way to find whether the volume generated is buying volume or selling volume is by measuring the distance of candle from moving average in pips in all timeframes starting from lower timeframes, is the easiest way to get a gauge of buyers and sellers dominance on candle at any timeframe.

this indicator measures the distance of price from specified moving average in pips and shows it in real time , as buying and selling pressure that is going on.

set moving average to 13 ema , as i find it optimised to atr of prices or try your own !
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note- reliable volume is generate when there is interbank closing and opening hours overlap on major country sessions, that synchronizes with H4 candle close, and that is when good price action is anticipated.

like, tokyo close and london open overlap
london close and us open overlap
us close.
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