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IdeaRe: Trend Indicators for MT4

1592 by Jimmy
andrei-1 wrote: Sat Jul 13, 2024 5:01 am Несколько черновиков. DM(ch). (Drafts - Dragon's Mouth)
Mickey Abi wrote: Fri Jul 19, 2024 3:22 am How do we use this trade with this .. .. ?
Here's a guide on how to use the Dragon's Mouth setup.

The middle part of the Oscillator between 50 and 150 is what I call the "Trend Zone".
  • If the Grey lines break into the Trend Zone, it's a signal for a scalping trade.
  • If the Pink lines break into the Trend Zone, it's a strong trade signal.
  • When the Green lines break into the Trend Zone, it's an extremely strong trade signal.
You can use the Dragon's Mouth Channel on the main chart as a guide on how volatile the market is.
  • A wider channel shows a highly volatile market ideal for swing trading setups
  • A narrower channel is a ranging market and ideal for scalping
Below I've outlined examples of trades you can take according to the "break" of the Trend Zone.

How to use Dragons Mouth setup indicators.png
These users thanked the author Jimmy for the post (total 14):
andrei-1, moey_dw, boytoy, macd & rsi, pointer, Abdi, Mickey Abi, kvak, Krunal Gajjar, mate, DaveTrader, sal, Tur005, Rajamohamed
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: Trend Indicators for MT4

1594 by Jimmy
cpfleger wrote: Fri Jul 19, 2024 10:28 pm My take on Dragons Mouth System.
Awesome work and guide. You've teamed it up with Heiken Ashi Candlesticks which acts as a huge visual aid for those trade setups. Nicely done 👌
Myfxbook live trading results 📊

List of our most powerful reversal indicators + Guide to the "All Averages" Filters (ADXvma, Laguerre etc.)
Fibonacci numbers for indicator settings + How to draw Fibonacci Extensions + How to draw Support & Resistance

Re: Trend Indicators for MT4

1600 by mate
Jimmy wrote: Fri Jul 19, 2024 8:48 pm Here's a guide on how to use the Dragon's Mouth setup.

The middle part of the Oscillator between 50 and 150 is what I call the "Trend Zone".
  • If the Grey lines break into the Trend Zone, it's a signal for a scalping trade.
  • If the Pink lines break into the Trend Zone, it's a strong trade signal.
  • When the Green lines break into the Trend Zone, it's an extremely strong trade signal.
You can use the Dragon's Mouth Channel on the main chart as a guide on how volatile the market is.
  • A wider channel shows a highly volatile market ideal for swing trading setups
  • A narrower channel is a ranging market and ideal for scalping
Below I've outlined examples of trades you can take according to the "break" of the Trend Zone.


How to use Dragons Mouth setup indicators.png
Maybe dear programmers can create an alert for this system? It would be great. Thank you.
may the force come with you

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