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Re: Trading XARD system (Christmas Setup)

ImpLaNT, Fri Apr 24, 2020 11:43 am

RZAMK wrote: Thu Apr 23, 2020 11:32 pm Dear ImpLaNT;
Thank you for the light that you turned on in my mind.
I found a picture of XARD's manuscripts. Two paragraphs of which I thought were important.

Question and Suggestion 1:
In my opinion, we can use the Percentage Number as one of the confirmations of entering the position. What is your idea about this?

Question 2:
Do you have this XARDFX-PANEL indicator mentioned in this image? I mean Bid Ratio. How do I get this indicator?

In the picture that you give, a very old version of the setup from Xard. I will say right away that I don't have it available. No template, no indicators.
Regarding ADR and Bidratio ... As it is written in the description, in this version of the setup, Xard uses the range of yesterday, i.e. ADR (1). And he is trying to use percentages from the Fibonacci series as a kind of trend detector.
For example ... Suppose, yesterday, the Dow showed a minimum at 24,000, a maximum at 25,000 and the price closed at 24,700.
That is, ADR (1) = 1000 pips.
Today the day opens at 24700. The ADR indicator will be green and will show 70%.
For it to turn red, the price should go below 24382 today. And if this happens, it will give us a signal that the upward movement is probably over and we need to consider the possibility to going down. Otherwise, the upward movement continues.
In principle, there is some sound logic in this at first glance. I have never worked with this setup, and I can’t say how productive such method for determining the reversal is, but there is definitely a certain logic in this. But I don't have the ADR indicator from this version to conduct testing.
Now let’s look at how the current ADR indicator works in the latest versions of Xard’s systems, including my setup. Now ADR is calculated as the average range for the last 14 days (ADR(14)). And every new day opens with a value of 0%. A positive scale of values ​​goes up from zero, and a negative scale goes down. Also, there are levels of “Buy Order” and “Sell Order” that are 10% and -10% of ADR, respectively. This approach allows us to use the levels of the ADR indicator (also from the Fibonacci series) as possible targets and reversal points, rather than as a trend detector.
Now about Bidratio. This indicator shows the percentage of the current price relative to the range of the current daily candle. If we return to the previous example, then at the close of the day at 24700 the indicator would show 70%. Someone uses this indicator as a kind of trend strength detector at the moment. It is believed that if the indicator readings are above 80% or below 20%, then at the moment we have a stable positive or negative trend, respectively. By Xard, these numbers are even tougher 85% and 15%, respectively. I think this indicator is absolutely useless and therefore just turned it off on the panel. But if you need it, you can turn it on.
Go to the properties of the XardFX-Panel indicator, scroll to the bottom and turn on the Show Bidratio option. And it will be displayed on the panel. I hope the information was useful to you. Good luck
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