Dear Beatlemania!
I'm trying to understand how the Peak indicator works, but I don't really succeed.
EURUSD M1 Timeframe:

Brett001 wrote: Thu Dec 09, 2021 2:29 am Dear Beatlemania!
I'm trying to understand how the Peak indicator works, but I don't really succeed.
EURUSD M1 Timeframe:

Hi Brett001,

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.

BeatlemaniaSA

Hello @BeatlemaniaSA, What does "price hit PP", alarm mean ? Sarj.

Got it, Pivot Point

Sarj wrote: Thu Dec 09, 2021 3:03 am Hello @BeatlemaniaSA, What does "price hit PP", alarm mean ? Sarj

PP stands for Pivot Point Check out Banzai's post here viewtopic.php?p=1295443773#p1295443773 about the Pivot Point Indicator

Regards,
BeatlemaniaSA

BeatlemaniaSA wrote: Thu Dec 09, 2021 12:16 am Hope this helps. It is quite straight forward actually

HUD.pdf

Regards,
BeatlemaniaSA

Thank you, but what is PTO ?, is it Pips from open ?

Sarj wrote: Thu Dec 09, 2021 3:27 am Thank you, but what is PTO ?.

I have no idea. Never found out what it means. Never looked at it during my trade decisions. If any other member knows what that means on the indicator please let us all know

Regards,
BeatlemaniaSA

BeatlemaniaSA wrote: Thu Dec 09, 2021 3:43 am I have no idea. Never found out what it means. Never looked at it during my trade decisions. If any other member knows what that means on the indicator please let us all know

Regards,
BeatlemaniaSA

I think it's , pips to open. or pips from daily open.

Hi Beatlemania, in your first template please advise what is the indicator on the left of your chart which lists the Forex and Indices symbols and highlights the symbol in green or red?
Please share the link for download.

Thanks

cvdm7756 wrote: Thu Dec 09, 2021 6:24 am Hi Beatlemania, in your first template please advise what is the indicator on the left of your chart which lists the Forex and Indices symbols and highlights the symbol in green or red?
Please share the link for download.

Thanks

All the indicators are included in the zip file in the post earlier viewtopic.php?p=1295452324#p1295452324

BeatlemaniaSA wrote: Thu Dec 09, 2021 2:46 am Hi Brett001,

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.

BeatlemaniaSA

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.