Banzai wrote: Sun Feb 09, 2020 3:26 am
I was able to remake this Japanese indicator "ikokunomatome.ex4" where it can align these 6 signals:
DeMark
MACD
Momentum
RSI
CCI
Stochastic
ikokunomatome.ex4
(13.62 KiB) Downloaded 378 times ikokunomatome mtf.mq4
(15.78 KiB) Downloaded 520 times
ikokunomatomeahtf
ahtf = auto higher time frame
so if you're in M15 chart, the indicator will display M30 chart automatically.
-------------------------------------------------------------------------------------
Also check out Stoch (4,3,1). It is very close to ZeroLag Stoch (5,3,3).
Let's go back and restart over again.
We're going to master the basic indicators first.
BollingerBand
Bollinger Bands are a technical analysis tool that measures market volatility and potential price levels. They consist of three lines:
A middle band (a Simple Moving Average of 20)
An upper band (moving average + a set number of standard deviations)
A lower band (moving average − the same number of standard deviations)
When the bands widen, it indicates higher volatility; when they narrow, it suggests lower volatility.
Prices touching the upper band may signal overbought conditions, while touching the lower band may indicate oversold conditions.
Bollinger Band is an excellent indicator to see the consolidations.
For GOLD, let's use [M1] charts for now.
============================================================================ SHORT-TERMTREND
1) ICHIMOKU TREND: we'll use (Tenkan-sen: 1, Kijun-sen: 1, Senkou Span B: 70) as a short-term trend. If a complete candle is above the green zone, then it's consider an uptrend; go LONG/BUY. If a complete candle is below the red zone, then it's consider a downtrend; go SHORT/SELL.
2) AMA - Adaptive Moving Average. It's in the RoyalPrince SMC indicator. It's the purple line. If a complete candle is above the line, then it's consider an uptrend; go LONG/BUY. If a complete candle is below the line, then it's consider a downtrend; go SHORT/SELL. (file = RoyalPrince_SMC.mq4)
============================================================================ LONG-TERMTREND
1) [M15] RSTL - Reference Slow Trend Line: we'll use the M15 trend line as the long-term trend. If a complete candle is above the line, then it's consider an uptrend; go LONG/BUY. If a complete candle is below the line, then it's consider a downtrend; go SHORT/SELL. (file = RSTL (arrows alerts mtf).mq4)
============================================================================ SUPPORTS&RESISTANCES
1) FTLM ARROWS: if a complete candle is above the [M15] RSTL, use the green arrows to go LONG/BUY. if a complete candle is below the [M15] RSTL, use the red arrows to go SHORT/SELL. (file = FTLM (hist + alerts + arrows) ahtf BT.mq4)
============================================================================ PEAKS&TROUGHS