xard777 wrote: ↑Mon Nov 04, 2019 12:32 amRijay, I notice that you are into macd in a big way, have you done any work on dema crossovers?
Apparently the dema crossover uses the macd for confirmation to help filter out false moves.
I am interested in the dema crossover, if you any info on it would help.
All the best
this is indicators and templet for previous post description
keeping 2nd dot of all timeframes in single chart will help to see things clearly, in sequence like H1 2nd dot , M15 2nd dot and M5 2nd dot in single chart with mtf background color already there in your previous version and the need to keep open three charts will no longer be there
only those 2nd dot which are backed by background color in mtf mode will be valid for entry,
rest 2nd dot which appears against the trend ( background trend which reflects the trend of moving averages) will not be valid and are not actionable. and will disappear as again fast price action comes back in the direction of the trend.
so background color (trend)in mtf provides filter to this 2nd dots.
but 2nd dot value lies in appearance of sequence like H1 second dot, M15 second dot, M5 second backed by trend direction background color
yes your 2nd dot is where activity starts is right, as prices attempt to make new high or new low nearly always before it fails,
i see it on macd as retest of two lines , like in uptrend once macd lines crosses down, then again macd line will retest macd signal line from below,
when this retest of macd is seen in sequential timeframes it is a good entry signal like your 2nd dot in all sequential timeframes . but your 2nd dot is based purely on price action it may not give false signal like macd i think.