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Re: Dashboard Type Indicators for MT4

naluvs01, Thu Jul 07, 2022 2:32 pm

Knight wrote: Thu Jul 07, 2022 9:47 am Simply amazing. Please could you circle the exact squares you look at?.

Also how can one reach out to you privately to work together?.

I'll look into the WPR, though I have had great results using volatility adjusted macd settings 2,8,9 on zero cross on the 1hr timeframe.

I use your RSI dashboard every night to select what to trade the next day and just look for pull backs it's great. But I really want to understand your new heiken ashi selection process since you recommend it.
No problem. Each square represents a day. So since there are 8 major currencies, I paired all of the basket currencies together to give me the complete strength and weakness of the currency based on Heiken Ashi candles. On the pairs that were in second position, like EurAud, I simply reversed the color scheme so the strength/weakness would have continuity in the AUD group. So if you use a vertical line on one row of squares, and if 7 are on (Dark Khaki color) and another basket has 5 off (Dim Gray), then you would buy/sell the currency pair.

For instance, in the picture I provided, the vertical lines are showing what this Wednesday looked liked. Remember, I do not trade the current squares all the way to the right. Why? Because it reflects the current day and could start strong and if you trade it, it could reverse and you regret it! It's happen to me already. You can change the timeframe as well to the 4-hour or hour to confirm. However, from my experience, leaving it on the daily is best! Anyhow, based on the picture with the vertical lines, you would see that USD and JPY were the strongest currencies and GBP & EUR were the weakest, followed by CAD and CHF. So these could be the pairs you focus on and avoid USD/JPY.

In my opinion, Heikin Ashi is faster than using moving average crossovers or any other indicator. And by comparing all the currencies pairs in clusters, it gives you a comprehensive overview of the total strength/weakness scenario. It's not perfect, but it makes logical sense. Heiken Ashi puts the odds in you favor mathematically speaking. Once I compare the currencies, I look to enter on the 4-HR.

I hope this adds clarity...
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