Like I said, there is so much info, that it takes sometime to put that together and make a trading strategy out of it.
But all ready learned that this down move was "fake" or how to call it.

ROI wrote: Tue Jul 04, 2023 4:55 pm Thanks. There is something for you too. I see you are trading with trend lines, so here you have good confirmation tool to see if breakout is real or not.
viewtopic.php?p=1295517490#p1295517490

I do play chess against computer almost every day, and I really admire that it can beat me every time. It is much much more clever than I am, and that is not even AI.
Those "wasting time"-pages is from AI. If you did not know that.

Well, thank you for your effort. But for the past six years i have bee using only trendlines and levels, which give me sufficient feedback. I don't use any indicators. Those are rather a distraction not a benefit. When PA moves up they go up and vice versa. So what's the point!? Do I really need a confirmation of what I can see on the chart anyway?
As for the AD it's the same. I'm sure Williams had his good reason to come up with this idea. But as you can see on the attached chart, it simply copies PA. Thus again, what's the point using it.
Don't get me wrong. It's not arrogance but the final lesson I have learned from my journey of a thousand indicators.

Maybe better in M5 (US30). As you can see, it tells before, that it is going to break trend line. It is a leading indicator.

ROI wrote: Tue Jul 04, 2023 5:24 pm Like I said, there is so much info, that it takes sometime to put that together and make a trading strategy out of it.
But all ready learned that this down move was "fake" or how to call it.

Are those arrows manual?

ffsss wrote: Tue Jul 04, 2023 6:40 pm Are those arrows manual?

No, that blue/magenta is this.
viewtopic.php?p=1295517494#p1295517494

And yellow/white is some price action indi only with "Engulfing candle". You can see engulfing with eyes too, but I just like arrows.

RplusT wrote: Tue Jul 04, 2023 6:06 pm As for the AD it's the same. I'm sure Williams had his good reason to come up with this idea.

Had to check that, because saw earlier somewhere that it was Chaikin.

And it was.

"The accumulation/distribution line was created by Marc Chaikin".
https://www.investopedia.com/articles/t ... n-line.asp

Does not matter, but anyways.

ROI wrote: Tue Jul 04, 2023 6:34 pm Maybe better in M5 (US30). As you can see, it tells before, that it is going to break trend line. It is a leading indicator.

Well, as you keep trying to convince me.
In hindsight yes. But if you want to tell me the indicator knows that PA is going to break the trendline......
We don't know what PA will do next. And guessing is not on my mind. I would never trade against a trendline. But if it happens that PA does break it on the M5 (or another TF) I will have a confirmation on the M1 already. You get my point?
Besides, I can post a ton of Indicators doing what you are trying to suggest.

ROI wrote: Tue Jul 04, 2023 7:11 pm Had to check that, because saw earlier somewhere that it was Chaikin.

And it was.

"The accumulation/distribution line was created by Marc Chaikin".
https://www.investopedia.com/articles/t ... n-line.asp

Does not matter, but anyways.

Well, I got the WAD...i.e. the Williams one.

RplusT wrote: Tue Jul 04, 2023 7:37 pm Well, as you keep trying to convince me.
In hindsight yes. But if you want to tell me the indicator knows that PA is going to break the trendline......
We don't know what PA will do next. And guessing is not on my mind. I would never trade against a trendline. But if it happens that PA does break it on the M5 (or another TF) I will have a confirmation on the M1 already. You get my point?
Besides, I can post a ton of Indicators doing what you are trying to suggest.

Hi,
If you don't mind, can you please share the last indicator and its setup in the picture you attached?

heispark wrote: Tue Jul 04, 2023 11:45 pm Hi,
If you don't mind, can you please share the last indicator and its setup in the picture you attached?

It's from FX-Station here. I just posted the standard settings.