Dear Beatlemania!
I'm trying to understand how the Peak indicator works, but I don't really succeed.
EURUSD M1 Timeframe:
Re: XARD - Simple Trend Following Trading System
9512Hi Brett001,Brett001 wrote: Thu Dec 09, 2021 2:29 am Dear Beatlemania!
I'm trying to understand how the Peak indicator works, but I don't really succeed.
EURUSD M1 Timeframe:
I DO NOT trade below 1hr timeframe. Usually on the 4hr. On the lower timeframes there is too much noise/false signals/fluctuations therefore that particular indicator would probably not work as it does on the 1hr/4h/d1 charts.
If it does not fit in with your trading strategy remove it.
BeatlemaniaSA
- These users thanked the author BeatlemaniaSA for the post (total 4):
- tokjanggut, Brett001, Andres128, satyafx
Re: XARD - Simple Trend Following Trading System
9513Hello @BeatlemaniaSA, What does "price hit PP", alarm mean ? Sarj.
Got it, Pivot Point
Got it, Pivot Point
Re: XARD - Simple Trend Following Trading System
9514PP stands for Pivot Point Check out Banzai's post here viewtopic.php?p=1295443773#p1295443773 about the Pivot Point IndicatorSarj wrote: Thu Dec 09, 2021 3:03 am Hello @BeatlemaniaSA, What does "price hit PP", alarm mean ? Sarj
Regards,
BeatlemaniaSA
Re: XARD - Simple Trend Following Trading System
9515Thank you, but what is PTO ?, is it Pips from open ?BeatlemaniaSA wrote: Thu Dec 09, 2021 12:16 am Hope this helps. It is quite straight forward actually
HUD.pdf
Regards,
BeatlemaniaSA
Re: XARD - Simple Trend Following Trading System
9516I have no idea. Never found out what it means. Never looked at it during my trade decisions. If any other member knows what that means on the indicator please let us all know
Regards,
BeatlemaniaSA
Re: XARD - Simple Trend Following Trading System
9517I think it's , pips to open. or pips from daily open.BeatlemaniaSA wrote: Thu Dec 09, 2021 3:43 am I have no idea. Never found out what it means. Never looked at it during my trade decisions. If any other member knows what that means on the indicator please let us all know
Regards,
BeatlemaniaSA
- These users thanked the author Sarj for the post:
- BeatlemaniaSA
Re: XARD - Simple Trend Following Trading System
9518Hi Beatlemania, in your first template please advise what is the indicator on the left of your chart which lists the Forex and Indices symbols and highlights the symbol in green or red?
Please share the link for download.
Thanks
Please share the link for download.
Thanks
Re: XARD - Simple Trend Following Trading System
9519All the indicators are included in the zip file in the post earlier viewtopic.php?p=1295452324#p1295452324cvdm7756 wrote: Thu Dec 09, 2021 6:24 am Hi Beatlemania, in your first template please advise what is the indicator on the left of your chart which lists the Forex and Indices symbols and highlights the symbol in green or red?
Please share the link for download.
Thanks
Re: XARD - Simple Trend Following Trading System
9520Note that the peak indicator is repainting. You can confirm this with simulator software.BeatlemaniaSA wrote: Thu Dec 09, 2021 2:46 am Hi Brett001,
I DO NOT trade below 1hr timeframe. Usually on the 4hr. On the lower timeframes there is too much noise/false signals/fluctuations therefore that particular indicator would probably not work as it does on the 1hr/4h/d1 charts.
If it does not fit in with your trading strategy remove it.
BeatlemaniaSA
Have some questions:
1. How do you use the Price Action indicator?
2. How do you tell the "WR has not reached the peak" in your NZDCAD.jpg image for example? Does reaching peak means the WR has gone beyond the MWR, 3MWR, and 6MWR number?
3. How do you tell the slow moving pair from the ADR numbers? If the TDR is less than WADR then it means it's slow moving?
Thanks in advance.