moey, its a fairly very simple concept;moey_dw wrote: Mon May 23, 2022 4:20 pm this is such nice invention thiru......... really good concept for the eyes......... can i ask how i may use dis on higher timeframe?? cos i adjusted atr multiplier the default is:whichis work bliss for 1 minute & 5 min tf on normal pairs not volatile ones like gbpjpy etc should i make atr levels much higher for 4H and daily??
- 4.618
- 8.618
- 12.618
What it does is it takes the ATR (say 14 periods) and it multiplies the ATR Value by 10000 for 5 digit pairs, 100 for 3 digit pairs etc. This way, we get more human-readable values. You can say that the ATR values are magnified.
Then the ATR multiplier (default I put it as 2) is to multiply the ATR value by that number. You can put it as 1. That should be better.
Then for colouring, you can change the Level values as you want. Yes, the one that I'm using is for 5 min charts. For H4, obviously, the level values need to be changed. See the attached picture. (Yes, you put the Level values as input and it does the rest. Changing the level values in Level tab has no effect)
Hope this helps