ChuChu Rocket wrote: ↑
Sun Aug 01, 2021 9:07 pm
Right. When are you going to start sharing your chart templates/setups?
Would like to see that you're uploading some files for the members, too.
Say it casually (Google may not translate the true meaning), just for reference:
If everyone is allowed to use only one indicator, then this indicator (probably) is the "Holy Grail" in his mind.
If only one indicator is allowed, I will choose RSI: long above 70 and short below 30. Time period: 5-15 minutes chart.
Regarding the trend reversal or reversal, we first need to define the meaning of reversal.
In my opinion, because time itself is also an indicator (which has the same meaning as other indicators): time (date), time window (non-agricultural, interest meeting and other "exact time" can be classified as time window).
The recommended trading period indicators here are still vertical_time_lines.mq4 and vertical_time_lines4.mq5. These two trading period indicators are meaningless in charts longer than 15 minutes.
For short-term trading, every day (two days at most), there must be one or two trend reversals below the 15-minute chart. Trading time (indicator) should be considered for trading swings, trending trends, and contrarian trends.
Generally speaking, after the opening of the UK, the trend is more likely to reverse. Sometimes this trend will continue until the Asian market closes the next day; sometimes the UK opens to the close of New York, especially for 5-star events such as non-agricultural and interest negotiation meetings. The trend will reverse more than twice.
Therefore, I still regard Haos Visual-averages (divergence + alerts + mtf) as a trend trading indicator rather than a contrarian trading indicator: go long at 0 and go short at 0.
Haos Visual-averages (divergence + alerts + mtf) is the prompt meaning of contrarian trading, which is the trend line or vertical bar, which crosses 0. But there are too many times of crossing 0, it is inevitable that there will be false signals.
Therefore, I will refer to Fractal-channel breakout histo (alerts + arrows), Trend envelopes (averages)-histo-choosable symbol nmc at the same time for the level chart below 15 minutes.
Generally speaking, Fractal-channel breakout histo (alerts + arrows), Trend envelopes (averages)-histo-choosable symbol nmc simultaneously prompted trend reversal signals, which are reliable.