Re: Trend Indicators for MT4
Posted: Fri Jul 19, 2024 6:56 am
There is no exact guide. There is a "Dragon" target, there are 7 of them. I do not know what this means.
Trend Indicators for MT4
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Re: Trend Indicators for MT4
Posted: 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.
- A wider channel shows a highly volatile market ideal for swing trading setups
- A narrower channel is a ranging market and ideal for scalping
Re: Trend Indicators for MT4
Posted: Fri Jul 19, 2024 10:28 pm
My take on Dragons Mouth System.
Re: Trend Indicators for MT4
Posted: Fri Jul 19, 2024 11:44 pm
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
Re: Trend Indicators for MT4
Posted: Fri Jul 19, 2024 11:49 pm
You have demystified it.... strong post and guide well worth the read with the clear chart descriptions
Re: Trend Indicators for MT4
Posted: Sat Jul 20, 2024 12:45 am
This is awesome.. Looks like a pretty good setup..
Thanks for the detailed guide..
Re: Trend Indicators for MT4
Posted: Sat Jul 20, 2024 1:12 am
Last trade for today.
Re: Trend Indicators for MT4
Posted: Sun Jul 21, 2024 3:20 am
I wanted to remind you that Dragon's Mouth`s dad is Alternative_price_(Donchian)_m3.
Re: Trend Indicators for MT4
Posted: Sun Jul 21, 2024 2:31 pm
That one looks more smoother.andrei-1 wrote: Sun Jul 21, 2024 3:20 am I wanted to remind you that Dragon's Mouth`s dad is Alternative_price_(Donchian)_m3.
Dch.PNG
Re: Trend Indicators for MT4
Posted: Sun Jul 21, 2024 9:56 pm
Maybe dear programmers can create an alert for this system? It would be great. Thank you.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".
You can use the Dragon's Mouth Channel on the main chart as a guide on how volatile the market is.
- 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.
Below I've outlined examples of trades you can take according to the "break" of the Trend Zone.
- A wider channel shows a highly volatile market ideal for swing trading setups
- A narrower channel is a ranging market and ideal for scalping
How to use Dragons Mouth setup indicators.png