18986
by mazibee
Dear Masters and Fellow Traders,
I have a few queries regarding the latest version, v21, and I’d greatly appreciate your insights.
--I understand that the triangles in v21 help identify the "2nd Dot" more easily and act as training wheels when learning to trade. In this version, there are three indicators for triangles, and I’ve noticed different colors associated with them.
Could someone kindly explain the precedence of these triangle colors?
--If there’s an UP SQUARE (green) and a setup for a Sell appears, should we take it, or is it riskier to go against the UP SQUARE (green) signal? Would it be better to look for Buy setups instead?
--I’d also appreciate more details on the RSIOMA indicator at the bottom of the chart. What are the recommended entry/exit rules for using this indicator effectively?
--Finally, I’m trying to understand the following values displayed in v21:
p100, p62, p38
yHigh, y62, y50, y38, yLow
m38, m50, m62, m100
From what I understood:
p = Previous
y = Yesterday
However, I’m not sure what m represents?
Could someone please clarify their significance and usage as it will help me and others in better understanding of this wonderful system.