Re: Something interesting please post here (Metatrader)

3523
sal wrote: Wed Jan 17, 2024 7:22 pm test system
Kelter Channel
Low Pass filter
T3 or Laguerre

Right names?
TransparentTrader wrote: Wed Jan 17, 2024 5:24 pm 'What indicators and settings did you use to replicate this?
Ema
Hi Lo 30
15 normal
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Re: Something interesting please post here (Metatrader)

3525
One more, here it goes.
One, if not the best Supply Demand, in my humble opinion, if used correctly of course.

"Supply and Demand Visible Range

The Supply and Demand Visible Range indicator displays areas & levels on the user's chart for the visible range using a novel volume-based method. The script also makes use of intra-bar data to create precise Supply & Demand zones. "

(c) LuxAlgo


( Guys, please, don't forget that this is just a tool, and as a tool, alone, means absolutely nothing. )

Peace :)
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Re: Something interesting please post here (Metatrader)

3528
TransparentTrader wrote: Thu Jan 18, 2024 6:30 am I'm still not understanding.

White line is the simple moving average with a length of 15, nothing else changed.

What are the green lines, then? You say "Ema" but then you also say "Hi Lo 30". What does that mean?
30 ema hi lo
15 ema close
The prices
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Re: Something interesting please post here (Metatrader)

3530
I thought this would be of really good help to anyone who struggles to identify trends or direction.
It is a SuperTrend indi using differing settings that create 'boxes' of prices where there is no perceived trend and when the price is clear of the lines there is almost always a mini trend starting.
The basic strategy is when the price is below the SuperTrend line the direction is down and when the price is above the SuperTrend line the direction is up. Very simple and with the use of these multi settings the trading becomes a lot easier to see when to trade and perhaps even better, when not to trade.
I've attached the indicators and template and those traders who like their own indicators under the chart, they can simply add them to this template.
The fundamental basis of price under and price over the SuperTrend is easy to understand and when it is between the lines it is far more dangerous to your capital to trade during this time of sideways movement.
The BB is an obvious exit but if some clever guy makes an EA out of it then definitely I would have a rolling profit built in.
TEAMTRADER
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