Re: MT4 Indicator requests and ideas

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RplusT wrote: Wed Jun 09, 2021 9:09 pm I use the standard settings.
I use 5-3-3
the 1st screenshot shows automatic TLs
the 2nd screenshot shows how I would draw it
update 1: if you want to have more TFs (indicators) displayed the indie may need an individual ID.
update 2: what I found: in with-trend trades TLs fare no better than Xard's EMA9-entries,
Counter-trend trades, though, are an altoghether different matter as Xard's setup shows (for good reasons as it is biased in favour of a high win-rate) an extreme lag.
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Re: MT4 Indicator requests and ideas

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Yes, I know. Usually I'm "helping out" too if I see something differently. But overall it's actually quite good. It's just a guideline. I'm not dead serious about perfection as long as I know where we are going. Makes me feel a lot more comfortable than other lines on the chart.
Remember, it draws parallel to the Zig Zag....Once it's established, it's pretty much a direction change. Of course very short term on a 1M.
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