For people who like to trade colour changes it's probably as simple as it can get.kvak wrote: Tue Feb 15, 2022 11:38 am New version of Xu ma HL version.
Adde menu for show-hide colored open line.
Candles and ribbon have new autowidth.
I always like to give PA more space for the reason of not losing sight of direction and thus set the Ribbon to 27 and 89 LWMA and added a 63 LWMA (blue).
If an indicator sits too tight it can be misleading as Traders tend to trade bits and pieces of PA gaining nothing in the end, while the money is in pullbacks and reversals i.e. we need to focus and stay with direction. If one wants to trade for a living, moves like shown in the pic should easily make a few Grand each, subject to having sufficient funds in hand.
To prove my point....US30 Asian Session today. After some erratic action early morning, it finally got in line and was easy to trade. Nice moves up and then down. Need to take it easy, have a coffee, read the news and wait. The only purpose for Indicators is to illustrate the PA, so we can figure out at a glance.....ok, time to trade.
update US30.. a little bit later......you can clearly see the purpose of staying with direction. If the Indi had been set too tight, you'd probably have been thinking of a reversal while I made another 100 pips doing nothing.
I guess the explanation should be sufficient now.
ok, last one.....Woohooo...... 400 points at the EU opening only.. .Icing on the cake...What a day.....if you simply followed direction...... I'm done for the day!
