Attachments forums

List of attachments posted on this forum.


All files on forums: 135978

MONSTER BREAKOUT BY YISRAEL

yisrael, Wed Dec 15, 2021 6:32 pm

HERE IS ANOTHER SIMPLE INDICATOR....THAT CONFIRM BIG MOVES

THE FAIRY TALE:
THIS JUST GIVES HIGHER HIGHS AND LOWER LOW....SO A DIVERGENCE SYSTEM SHOULD BE IMPLEMENTED!!
THIS IS FALSE.

THE TRUE HISTORY:
THIS INDICATOR FOR ALL CANDLES IT DOES THE (HIGH+LOW)/2 ...MEANING IT FINDS THE "MIDDLE POINT OF THE BATTLE"(MPOTB)
IT THEN PROCEEDS FOR TO FIND FOR SOME LOOKBACK PERIOD ...THE HIGHEST AND LOWEST OF THE BATTLES(MPOTB)
AND FINALLY IT COMPARES THEM TO THE ACTIVE CLOSE
IF CLOSE>HIGHEST BATTLE ==>BULLISH SIGNAL...GREEN
IF CLOSE<LOWEST BATTLE ==> BEARISH SIGNAL...RED

OVER ALL THIS INDICATOR PREDICTS STRONG ENTRIES, CONTINUATION, REVERSAL
WHILE AVOIDING WHIPSAWED.

WHEN TRADING IT BLIND SIGNAL SHOULD NOT BE TAKEN...PRICE ACTION ANALYSIS SHOULD BE CONDUCTED.
THE SIGNAL THAT THE INDICATOR GIVES SHOULD BE POINTS OF INTEREST WHERE YOU WILL CONDUCT YOUR ANALYSIS

FINALY THIS INDICATOR LIKE TO CONFIRM LONG WICKED DOJI CANDLES AND EXTERTED CANDLES
CLOSE UP IMG CLOSE UP IMG
BRODER VIEW BRODER VIEW
All files in topic