Tried something different to get a picture of direction and also trade Pullbacks
Used a Heiken Ashi mtf and set it to 1 TF higher and 2 TFs higher. Then you get this:
1 Minute chart: 5M and 15m
15 Minute chart: 30M and 60M
1 Hour chart: 4H and D1
Daily chart: W1 and M1
You can see easily the change of direction where the HA forms a Doji and get the big picture. On a daily chart you get the weekly and monthly for example. You can mark those at the Dojis and then move to a lower TF to see how it all falls in place. I find it very convenient.
1 Minute
15 Minutes
1 Hour
Daily
Here are the template and the Indicators.
Please note, the Heiken you have to use like this: At "TimeFrame" you key in -1..(minus 1) for the next higher TF and -2 (minus 2) for the second higher TF.
I don't know how to convert that to ENUM so I help myself as shown.
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Re: MT4 Trading Systems (Old or new!) Please post here
RplusT, Tue Oct 04, 2022 6:24 pm