As if anyone needs reminding of how good this indicator is - here is a fantastic HEAD & SHOULDERS pattern ON THE INDICATOR that any good trader would have claimed over 40 points profit in 10 minutes.
Mr Tools - this is a great indicator for many reasons.
Thanks
TEAMTRADER

josi wrote: Thu Oct 29, 2020 12:18 am
Remind me: which one exactly are we talking about?

viewtopic.php?f=579496&t=8413428&start=1460
The RSx - the latest version is as updated in the link above but all the RSx indicators do the same job.
TEAMTRADER

Sorry to be such a dumbass - I am not talking about any arrows but about the black spots (see black spots in gray boxes) It is where the indicator 'changes its mind'. The change from one direction to another but at the last few seconds it re-changes back. The change in colour signifies these areas....

I compared the signals of the rsima to 2 Stoch. It doesn't as far as I can see do any better - one could even argue it does - at times - a bit worse. But that can be tweaked, of course. Just saying... I too am a fan of stochs - but it rarely shows the sideways movement of the RSx. I've put two sets...

interesting, thanks! Even more intersting - to me - are your indicators' inputs. Stoch: 144, 5, 2 and 39.5,3 - where did this come from? RSIMA: 43, 34? The numbers look pretty random and one wonders what exactly they want to emulate. Wouldn't it be a much better idea to use the 2nd one to emulate a...

When I had finished the post above I took this screengrab just to prove to myself that the double BB is clearer to me.
This would have been an easy trade for 10 points.
TEAMTRADER

Here is a day-trading system that should produce profits every week - without fail. It identifies both sideways movements and trends. Notes The background of the chart changes when the CCI-55 crosses zero. The current support and resistance horizontals on screen show the trading channel. They delete...

Anybody show me hơw to entry rule? i dont know how to use this I don't do training now but this is how I would enter - using trendline/traps under the background silver lows and over the highs of the white background. I urge you to use an indicator of your choice and - eg, if it is stochastic you c...

Another very interesting point with this set up is that when the price opens and closes OUTSIDE the outer band this is a great signal to alert day traders to the ACTUAL direction of the upcoming move. This is ONLY confirmed when the bands themselves EXPAND. The illustration shows two highlighted sec...

The geo divergence predictor is one seriously awesome indicator, is it possible to add alerts when the bars change color to blue or red? Very nice work on your setup. You would need to ask a coder as the original indicator was made for me many years ago and I had adapted it. There would be far too ...