Observe the price as it bounces back from the midpoint between yesterday's high and low, and then crosses the EMA line.
Simplicity is key; it's just fundamental price behavior.
This approach provides reliable, smart analysis that you can ingrain as second nature.
Xard777
NB Orange ZZ1 Line is 30min (41) semafor and White ZZ2 Line is 30min (9) semafor
Code: Select all
// Move and adjust ExtDepth calculation here
int chartPeriod = Period();
if (chartPeriod == PERIOD_M30) ExtDepth = 41;
else if (chartPeriod == PERIOD_M15) ExtDepth = 41* 2 - 1;
else if (chartPeriod == PERIOD_M5) ExtDepth = 41* 6 - 1;
else if (chartPeriod == PERIOD_M1) ExtDepth = 41*30 - 1;
// Default case is already set above
