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Re: MT4 Indicator requests and ideas

josi, Fri Jul 29, 2022 3:52 pm

dmnik wrote: Fri Jul 29, 2022 5:25 am
Despite the extreme long-windedness of the desription
the idea seems a valid one (and only implements in the subwindow what RplusT has been preaching all along).
Just for comparison's sake: it gives you basically the same entries that Beatlemania's new XU-Hybrid will give you but - as you can see - it is the simplest approach imaginable.
[If you don't trust your indicator(s), i. e. need a lot of confirmation, go for Beatle's visually overwhelming setup]
Of course, if you wanted to enhance this method: you could time your entries & exits on a smaller TF-RSI:
for example: you analyse on H1 (overall bias) and trade in the prevalent direction on M1, M5, M15.
What I am saying is: it would be good to have 2 RSI indicators in the subwindows: on for bias, the other (lower TF) for entries & exits.
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