chickensword wrote: Sun Sep 18, 2022 3:20 am
still trying to understand static peak hi low from Pumbas buddy systenm
The idea is rather simple...
Zoom out till you can see 1.000 bars (example)
Market the high,low and mid point of this.
Now you have a tradig range.
The indicator is giving you now a short signal whenever the Market is moving up going above the midpoint, as its deviating from the equilibrium.
This can work very well in Forex, because of the Markets ranging nature (of course Forex is also trending within that big range. Dont listen to idiots who say that trends on exist in Forex).
Now it's of course the same for buys, if the market is pushing below the midpoint and gets closer to the low than it is to the high you get a buy signal.
Hope that clears it up a bit.
Cheers.
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