EXTERTION MEANS BIG SARP MOVE CANDLE...LIKE A MARABUZO

THERE IS MANY WAYS TO TRADE IT
#1 ACCORDING TO THE EXTERTION CANDLE.
IF THE EXTERTION CANDLE IS BULLISH U GO LONG...IF THE EXTERTION CANDLE IS BEARISH U GO SHORT
THIS WILL MAKE A 66% WINRATE

#2 SENTIMENT BASED
YOU NEED TO HAVE A GOOD SENTIMENT INDICATOR
IF THE SENTIMENT IS CORRECT AND BULLISH\BEARISH THEN A CANDLE IS GOING TO APPEAR IN THE SAME DIRECTION.
IF THE SENTIMENT IS WRONG THEN A CANDLE WILL APPEAR IN THE REVERSE DIRECTION

#3 DONT TRADE EXTERTIONS
BECAUSE SENTIMENT IS WRONG MOST OF THE TIME ...IT IS BETTER TO NOT TRADE AT EXTERTION CANDLES
THE REASON IS THAT After the extertion candle A BIG CANDLE WILL APPEAR IN THE REVERSE DIRECTION (I CALL IT AN F U CANDLE)
Durring the appearance of the extertion candle it WILL TRIGGER A WATERFALL OF STOPLOSSES AND THE MARKET AFTER THAT IT WILL BE UNPREDICTABLE creating the f u candle ....the market DIES.(all the orders are kicked...meaning low volume...and high volatility..it even worse ..it may range a bit..until one of the bulls or bears take control again)
IF YOU DONT TRADE EXTERTION YOU YEARLY WINRATE OF YOUR SYSTEM WILL IMPROVE BY 2%....THAT IS MONEY IN THE BANK

yisrael wrote: Sat Dec 11, 2021 4:10 am EXTERTION MEANS BIG SARP MOVE CANDLE...LIKE A MARABUZO

extertion-meter.mq4

I will not say anything, very decent job, respect!

yisrael wrote: Sat Dec 11, 2021 4:10 am EXTERTION MEANS BIG SARP MOVE CANDLE...LIKE A MARABUZO

extertion-meter.mq4

That's actually a neat little code. Nice for scalping counter-trend!

yisrael wrote: Sat Dec 11, 2021 4:10 am EXTERTION MEANS BIG SARP MOVE CANDLE...LIKE A MARABUZO

cool indicator........ thx for posting it to us!!!! u seem 2 have some neat stuff did u make dis??

ChuChu Rocket wrote: Sat Dec 11, 2021 2:37 pm That's actually a neat little code. Nice for scalping counter-trend!

What do u mean by counter trend???
Analyze your idea pls

moey_dw wrote: Sat Dec 11, 2021 2:41 pm cool indicator........ thx for posting it to us!!!! u seem 2 have some neat stuff did u make dis??

All the indicators I post are trading view pine scripts...the formula is not mine...it is a guy's called "racer8"....u can go and thank him...maybe tip the guy with dollars.
Any ways the pine script was public code ....so I transfered the pine script code to mq4 program(of course did some miner changes)....this job I did it my self...this is the first exertion meter public instance for mt4

yisrael wrote: Sat Dec 11, 2021 5:12 pm All the indicators I post are trading view pine scripts...the formula is not mine...it is a guy's called "racer8"....u can go and thank him...maybe tip the guy with dollars.
Any ways the pine script was public code ....so I transfered the pine script code to mq4 program(of course did some miner changes)....this job I did it my self...this is the first exertion meter public instance for mt4

Thanks for sharing of this indi...
Does this repaint bro...!!

sal wrote: Sat Dec 11, 2021 7:49 pm Thanks for sharing of this indi...
Does this repaint bro...!!

No it doesn't repaint candles...
If you where confused in the img I posted...the black candles are bullish and the white
Candles are dearish...thanks for likes

yisrael wrote: Sat Dec 11, 2021 8:23 pm No it doesn't repaint candles...
If you where confused in the img I posted...the black candles are bullish and the white
Candles are dearish...thanks for likes

i saw your marking in snap, but i didnt got your point 3 that is mentioend i got confused..
how this indi actaully works !!

sal wrote: Sat Dec 11, 2021 10:46 pm i saw your marking in snap, but i didnt got your point 3 that is mentioend i got confused..
how this indi actaully works !!

I made point 3 a bit clearer...
Here is some chart analysis.
The indicator works by confirming a big move...after that it is theorized a big move will follow (I don't remember how the indicators works...I wrote it 1 and a half year ago...it has to do something like breaking the standard deviation of the ATR ...ANYONE WANTS TO HELP WITH THIS I WILL BE GLAD TO GIVE HIM A LIKE)
The purple line to the left shows a sentiment gone wrong...
THE purple line to the right show correct sentiment...see the candles that are bullish...that means the traders have made a retracement by closing half of there position...see what follows ...omg another big BEARISH candle...the bears ride the steam