xpf2003 wrote: Fri Nov 04, 2022 1:07 am
How do you use this indicator?
As a trend trader I would suggest using it as a secondary confirmation indicator to confirm your entry indicator signal.
You only concentrate on the bottom line, if its blue you need to look at a long position if its red you need to look at a short position.
Re: No Nonsense Forex - Indicators
Posted: Sat Nov 05, 2022 12:39 pm
by xpf2003
Centaur wrote: Fri Nov 04, 2022 3:23 am
As a trend trader I would suggest using it as a secondary confirmation indicator to confirm your entry indicator signal.
You only concentrate on the bottom line, if its blue you need to look at a long position if its red you need to look at a short position.
Thanks Centuar.
Can you double check if buffers are updating correctly? I noticed that all buffers showed the same values even if the colour on the plots was changing. I think you have set all DTR buffers to a constant value and only updating the color indexes.
Re: No Nonsense Forex - Indicators
Posted: Sat Nov 05, 2022 5:22 pm
by Centaur
xpf2003 wrote: Sat Nov 05, 2022 12:39 pm
Thanks Centuar.
Can you double check if buffers are updating correctly? I noticed that all buffers showed the same values even if the colour on the plots was changing. I think you have set all DTR buffers to a constant value and only updating the color indexes.
The buffer values are of no use, values only indicate the position on the separate window chart. If you are looking to link this indicator to an EA please link it to the color buffers only. I suggest using buffer number 21 as this represent the color of the bottom overall market trend (all condition to agree, if not the buffer takes the value of the previous position). If buffer 21 has a value of 0.0 it represent a long position and if buffer 21 has a value of 1.0 it represent a short position.
Centaur wrote: Thu Oct 27, 2022 1:25 am
Really interesting approach, I've also done some reading and they suggest using the function SymbolInfoSessionTrade, so I came up with the following function (seems to be working so far):
For the EFMUS System:
RSI will be a two line cross: RSI with a MA (options: SMA, EMA, RMA, WMA and VWMA) for bullish or bearish trend direction
MACD will be a two line cross: MACD line with signal MA line (options: SMA, EMA, RMA, WMA and VWMA) for bullish or bearish trend direction
PIVOT Point: Price action above PIVOT will be bullish trend direction, price action below PIVOT bearish trend direction. PIVOT Calc to be used is (High + Low + Close)/3 of previous day (D1).
The rest is straight forward
Re: No Nonsense Forex - Indicators
Posted: Tue Nov 08, 2022 10:48 pm
by Centaur
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