I agree with you that there is nothing so special about the bid/ask ratio etc. I guess it's the effect of using a new system for the first time and also curiosity to understand every feature on display.francisfinley stimpy wrote: Thu Jan 23, 2020 10:34 am
note your timeframe too.
I notice people are on 1,5,15,30,60 on this thread when most of the indicators are only confirming at 240 (that comes with its own bundle of problems with mt4) then the reads of those breakout dash'ss''ss's are from D1 - and remember what i said a few posts back about how they are constructed bid/ask ratio etc.
Thanks for highlighting the timeframe difference. Does this mean that H4 is the ideal base timeframe for analysis when using this system? So, a trend on any lower timeframe is only correct when it agrees with H4? For example if I open a chart on M5, does it mean that most indicators are only "correct" or final for the last closed H4 bar?
I always notice when using other MTF indicators that when a H4 MTF indicator is opened on a H1 chart, that the last 4 bars of the indicator will keep recalculating until the current H4 candle is closed. Is this the case here? Let me know if my thought process is correct and please feel free to point me in the right direction. I'm always happy to put in the hardwork. Thank you again for taking out time to engage with me. I appreciate your help.