BeatlemaniaSA wrote: ↑
Thu Dec 09, 2021 2:46 am
I DO NOT trade below 1hr timeframe. Usually on the 4hr. On the lower timeframes there is too much noise/false signals/fluctuations therefore that particular indicator would probably not work as it does on the 1hr/4h/d1 charts.
If it does not fit in with your trading strategy remove it.
Note that the peak indicator is repainting. You can confirm this with simulator software.
Have some questions:
1. How do you use the Price Action indicator?
2. How do you tell the "WR has not reached the peak" in your NZDCAD.jpg image for example? Does reaching peak means the WR has gone beyond the MWR, 3MWR, and 6MWR number?
3. How do you tell the slow moving pair from the ADR numbers? If the TDR is less than WADR then it means it's slow moving?
Thanks in advance.