i place the white vertical lines for reference.
also, can you make an alert sound (not message) along with the arrows. its ok if it recalculates/rapaint/reposition, as long as the touch happens
Those numbers are Fibonacci numbers: 5, 8, 13, 21, 34, 55, 89, 144
- 4 time frame stochastic 2.01 nmc.mq4
- (9.1 KiB) Downloaded 42 times
- 4TF Fibo Stochastic.tpl
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The indicator displays signals to buy/sell.
MA_Method=0; // SMA 0, EMA 1, SMMA 2, LWMA 3
note_Price="PriceField: Low/High = 0, Close/Close = 1";
PriceField=0; // Low/High 0, Close/Close 1
_MA_Method="SMA0 EMA1 SMMA2 LWMA3";
- (12.03 KiB) Downloaded 32 times
Here's the template to trade his way.jerrysb wrote: ↑Mon Jun 12, 2017 1:29 amHi,
Well it's more of an art that a science. In fact that's why I am looking for indicators to make it rule-based.
What I do is basically a mean-reversion scalping strategy on the 15 min timeframe.
- I use the recursive stochastics for a "cyclical" view - i.e. what was supposed to happen if price were cyclical. I assume there is a 20 bar cycle - William Bressert said so!
- I use the DSS r-squared for the actual momentum view - what actually is happening with orderflow.
When they agree - price has a chance to bounce from the S/R or supply and demand zone.
When they disagree - a new S/R or supply demand zone has a chance to form that will be a point of entry later when tested.
To identify S/R or S/D zones I look in the past - if cyclical stochastics said down but price went up then there are strong bids there so I can scalp the bounce or if price should break through - bids will flip to offers and support will become resistance.
I don't care much how I draw my S/R lines or S/D zones - don't think there is a "correct" way of doing so. I just use the closest round numbers to trade off.
Here is a pic from the recent euro price action.
- DSS (r-squared) adaptive 1.1.ex4
- (43.04 KiB) Downloaded 36 times
- Recursive smoothed stochastic mtf.mq4
- (22.21 KiB) Downloaded 39 times
- M15 Smoothed Stochastic DSS (r-square) adaptive.tpl
- (99.06 KiB) Downloaded 25 times