Information
Username: | Scott |
Member since: | 18 Jan 2013 |
Last login: | 01 Mar 2013 |
Status: | Active |
Activity
Where | Created | Comments |
---|---|---|
Algorithms | 1 | 5 |
Forum Topics | 9 | 48 |
Jobs | 0 | 0 |
About
Been live since Jan 2013, currently also a web designer.
Last Algorithm Comments
SC
Scott
·
11 years ago
Thanks Kricka
The L7/sma can either end a trend or continue it.
If L7 crosses the L1 and the price has been falling it tends to end the direction and trend, if the price is falling at that time then it can cause the price to continue up or offer a long buy in if the price bounces of the L1 in the near future.
got mixed up on that bit corrected it, I would load the FibGrid7Chart Indicator to have a look and see what I mean, I'm not the best at explaining this as I said.
The L7/sma can either end a trend or continue it.
If L7 crosses the L1 and the price has been falling it tends to end the direction and trend, if the price is falling at that time then it can cause the price to continue up or offer a long buy in if the price bounces of the L1 in the near future.
got mixed up on that bit corrected it, I would load the FibGrid7Chart Indicator to have a look and see what I mean, I'm not the best at explaining this as I said.
Its the same way as money map/tiger pips software, you can get it for MT4 its called combogrid2, but it wont work with my brokers version of MT4.
I wouldn't call myself a expert trader with this but I get it better than I can explain it, but I'll have a go :)
I use all the sma's as support levels as well as the fibonacci bands over 4 time frames.
I trade mostly of the 5 minute. I use the first 3 levels/sma as support so if they are in order L1 L2 L3 then I looking to go long after its either passed though the levels and 1 to 2 candles have closed above the L1
or
If the L1 L2 L3 setup has occurred and the price is above, I would wait for a retrace back to the L1 and go long off the bounce.
The L7/sma can either end a trend or continue it.
If L7 crosses the L1 and the price has been rising it tends to end the direction and trend, if the price is falling at that time then it can cause the price to continue down or offer a long buy in if the price bounces of the L1 in the near future.
The fibonacci band levels I use as exits and also to see spaces in between the different time frames to judge if there is room for price to climb.
Take a look at tiger pips youtube channel http://www.youtube.com/feed/UC59PKf9nIj-gfNYzzHPbZ6Q
I'm working on boolean code to fix the price center and fix the range of the price, but not a c# programmer so it's taking some time to get right, right now I have diddly squat, take a look at my post for better explanation /forum/indicator-support/761
thanks for the interest lec
This is very useful, is there a way to print the pip distance between two simple moving averages thanks Scott