funchi wrote: Fri Jan 24, 2025 10:59 pm Could you post a template?
Could you mark the entry points on the chart screenshot?
Trade wisely. Let your gains speak louder than words. 
I mostly wait for the second leg before seeking entry.
Trade wisely. Let your gains speak louder than words. I mostly wait for the second leg before seeking entry.
Trade wisely. Let your gains speak louder than words. funchi wrote: Fri Jan 24, 2025 10:59 pm Could you post a template?
Could you mark the entry points on the chart screenshot?
Sorry.funchi wrote: Fri Jan 24, 2025 10:59 pm Could you post a template?
Could you mark the entry points on the chart screenshot?
Mokeji wrote: Fri Jan 24, 2025 6:37 pm Funchi!
Could you be kind to add these good indicators? Thanks as always.
Volatility Quality NRP - Stridsman 2 indicator
How It Works
The Volatility Quality NRP - Stridsman 2 indicator uses a combination of:
Volatility levels: To measure the intensity of price movement.
Trend direction filters: To identify the likely direction of the market.
Thresholds: To distinguish between strong and weak market conditions.
The histogram values typically indicate:
Green bars: Positive volatility (bullish trend).
Red bars: Negative volatility (bearish trend).
Neutral (flat or small) bars: Low or unclear volatility (sideways market).
How to Use the Indicator
Trend Confirmation:
Use the histogram to confirm the direction of the trend. Enter trades when the histogram shows consistent green (buy) or red (sell) bars.
Volatility Breakouts:
Look for spikes in the histogram, which may indicate a breakout or the start of a strong move.
Multi-Timeframe Confluence:
Compare the current timeframe's signals with higher timeframes for stronger confirmation.
Alerts for Action:
Configure alerts for signal changes or threshold crossings to act on high-probability setups.
Forex Entry Point Indicator
How It Works
The Forex Entry Point Indicator typically uses a combination of:
- Moving Averages: To identify the overall trend direction.
- Volatility and Momentum: To determine the strength of market moves.
The indicator analyzes price movements and generates signals when specific conditions are met:
- Support and Resistance Levels: To validate entry points near key price zones.
How to Use the Indicator
- Buy Signal: Triggered when the market shows upward momentum, and the price aligns with the trend direction.
1. Entry Points:
- Sell Signal: Triggered when downward momentum is detected, and the price aligns with a bearish trend.
2. Avoid Choppy Markets:
- Follow the buy/sell signals provided by the indicator.
Balance of market power nrp_alerts-0.3
- The indicator performs best in trending markets.
How It Works
The Balance of Market Power (BoMP) formula compares the difference between closing and opening prices against the total price range (high to low) of a given candle. It’s expressed as:
BoMP=(Close−Open)(High−Low)BoMP = \frac{(Close - Open)}{(High - Low)}BoMP=(High−Low)(Close−Open)
This calculation determines the level of dominance exerted by buyers or sellers during the candle's formation:
- A positive BoMP value indicates buyers were in control.
- A negative BoMP value indicates sellers were in control.
How to Use the Indicator
- Near-zero values suggest indecision or balance between buyers and sellers.
1. Trend Confirmation:
- Look for consistent positive (bullish) or negative (bearish) histogram bars to confirm the market trend.
2. Reversal Signals:
- Enter trades in the direction of the dominant market power.
- Pay attention to shifts in the histogram from positive to negative or vice versa, as these may indicate potential trend reversals.
3. Divergence Detection:
- Combine with support and resistance levels or candlestick patterns for stronger confirmation.
Bullish Divergence: Price makes lower lows, but the BoMP histogram makes higher lows.
- Spot divergences between price action and the BoMP histogram. For example:
Bearish Divergence: Price makes higher highs, but the BoMP histogram makes lower highs.
4. Alerts for Signal Changes:
- Use the alert system to notify you of significant changes in buying or selling pressure, reducing the need for constant chart monitoring.
funchi wrote: Sat Jan 25, 2025 7:56 am The description and chart snapshots do not provide an understanding of the trading strategy.
I have only read "How It Works" and "How to Use the Indicator" in "Volatility Quality NRP - Stridsman 2 indicator", but I don't know.
In particular, we do not know about the latter three sentences.
> Look for spikes in the histogram, which may indicate a breakout or the start of a strong move. Multi-Timeframe Confluence:
> Compare the current timeframe's signals with higher timeframes for stronger confirmation. Alerts for Action:
> Configure alerts for signal changes or threshold crossings to act on high-probability setups.
Trade wisely. Let your gains speak louder than words. Predominantly, thats my advanced way of analyzing the market. You can just follow the arrow sings and make the best of it. God bless you.Mokeji wrote: Sat Jan 25, 2025 11:02 am I understand your point that the description and chart snapshots may not fully clarify the trading strategy. Let me break it down further to help bridge the gap.
Spikes in the Histogram: Spikes in the histogram of the 'Volatility Quality NRP - Stridsman 2' indicator often represent a breakout or the start of strong momentum. In my charts, the histogram color and spikes are aligned with the confirmation from other indicators to identify high-probability entries. This means I focus not only on spikes but also on alignment with the Balance of Market Power and Forex Entry Point indicators.
Multi-Timeframe Confluence: Multi-timeframe confluence is a useful concept where signals from a lower timeframe (e.g., 15M) are compared to higher timeframes (e.g., H1 or H4) for stronger confirmation. While I didn't explicitly mention this in my explanation, I often check if the overall trend on the higher timeframe aligns with the signal on the lower timeframe before acting. This avoids countertrend trades.
Alerts for Action: Alerts can be configured to notify you when specific conditions are met, such as a color change in the histogram or crossing certain thresholds. In my usage, I rely more on manual confirmation across the three indicators rather than automated alerts which i am sure the FNC greedy system can do. However, using alerts could enhance efficiency.
Let me reaffirm my strategy: In my approach, I use a combination of three indicators—Forex Entry Point, Balance of Market Power, and VQ Stridsman—layered together for confirmation. This process ensures that I only take trades with high confluence across multiple tools, improving my probability of success.
Trade wisely. Let your gains speak louder than words. Forex Entry Point repaints badly as the code compares different stoch periods. It is interesting, let me see if I can make a nrp version.Mokeji wrote: Sat Jan 25, 2025 11:28 am Predominantly, thats my advanced way of analyzing the market. You can just follow the arrow sings and make the best of it. God bless you.
