Strange…

I actually traded this one, and it surely got the 60% target. See attached.

G.

Another “hint”:

Use 3 TF’s (such as D1, H4, H1).

D1 (in this example) represents the TREND direction. Let’s assume it’s UP. Goto H4.

H4 represents the Counter trend. It should be DOWN trend and start to point UP. Goto H1.

H1 represents the exact entry. It should start to point UP.

Add the early-warning Volume algo to the H4, H1.

G.

Since Histogram never retrace you can put the dot (or alert) as soon as it equals or exceeds the “normal” and you don’t have to wait for bar Close.

If you make such indicator’s add-on, please share.

G.

If you want to “translate” the Gadi_NormalizedVolume to the chart itself you can put a red/blue dot on the chart bar when the volume equals or exceeds the “normal”.

Use 100 bars as normal to start with.

G.

Gadi_NormalizedVolume is an HISTOGRAM, and as such it ALWAYS start at the same “0” level – so it’s always goes as horizontal, while the chart can go in diagonal way.

Volume level doesn’t directly relate to the absolute position on the chart, or “river bed”. It relates to the amount of a specific bar. It’s the same as RSI, CCI, Stochastic,…[Read more]

Gadi_NormalizedVolume is an HISTOGRAM, and as such it ALWAYS start at the same “0” level – so it’s always goes as horizontal, while he chart can go in diagonal way.

Volume level doesn’t directly relate to the absolute position on the chart, or “river bed”. It relates to the amount of a specific bar. It’s the same as RSI, CCI, Stochastic, MACD,…[Read more]

Gadi_NormalizedVolume is an HISTOGRAM, and as such it ALWAYS start at the same “0” level – so it’s always goes as horizontal, while he chart can go in diagonal way.

Volume level doesn’t directly relate to the absolute position on the chart, or “river bed”. It relates to the amount of a specific bar. It’s the same as RSI, CCI, Stochastic, etc,…[Read more]

When water level resides, the river returns to it’s original river bed. It rarely creates a “new” river bed.

G.

Close, but not quite… M30 should extend past the already closed H1, M15 should extend to the already closed M30, etc…

By your screenshot:

When M5 broke the M15 it was time to enter a quick counter-trend LONG trade.

The overall sentiment is DOWN.

With std. Volume, the market will return to the M30/M15 range.

G.

When M5 broke the M15 it was time to enter a quick counter-trend LONG trade.

The overall sentiment is DOWN.

With std. Volume, the market will return to the M30/M15 range.

G.

When M5 broke the M15 it was time to enter a quick counter-trend LONG trade.

The overall sentiment is DOWN.

G.

No.

G.

A/M = Above Mentioned.

For Absolute CS with anchor (Date, Bars, or other) you calculate the accumulated increase/decrease, in percent, or each related currency pair.

Example: For USD you calculate the 1/EURUSD, 1/GBPUSD, USDCAD, USDJPY, etc… total increase from the anchor.

My prefered anchor is last week close (i.e. Friday…[Read more]

A/M = Above Mentioned.

For Absolute CS with anchor (Date, Bars, or other) you calculate the accumulated increase/decrease, in percent, or each related currency pair.

Example: For USD you calculate the 1/EURUSD, 1/GBPUSD, USDCAD, USDJPY, etc… total increase from the anchor.

G.

A/M = Above Mentioned.

For Absolute CS with anchor (Date, Bars, or other) you calculate the accumulated increase/decrease, in percent, or each related currency pair.

Example: For USD you calculate the 1/EURUSD, 1/GBPUSD, USDCAD, USDJPY, etc… total increase.

G.

CS(0)-CS(1) (or its variation) calculations will give you RELATIVE Currency Strength.

To get ABSOLUTE Currency Strength you need some external “anchor”, such as specific date, xx history bars, or external reference such as related index.

Using both A/M indies will give you a “lethal weapon”…

G.

CS(0)-CS(1) calculations will give you RELATIVE Currency Strength.

To get ABSOLUTE Currency Strength you need some external “anchor”, such as specific date, xx history bars, or external reference such as related index.

Using both A/M indies will give you a “lethal weapon”…

G.

My “problem” with Donchian channels:

Donchian channels are based of Highest/Lowest of xx bars ago. Let’s assume xx=10.

If we use it on M5: what is the significance of 50 minutes ago ?!?! why not 52? why not 45?

If we use it on M15: what is the significance of 150 minutes ago ?!?! why not 170? why not 149?

etc…

etc…

So basically it’s an…[Read more]

My “problem” with Donchian channels:

Donchian channels are based of High/Low xx bars ago. Let’s assume xx=10.

If we use it on M5: what is the significance of 50 minutes ago ?!?! why not 52?

If we use it on M15: what is the significance of 150 minutes ago ?!?! why not 170?

etc…

etc…

So basically it’s an artificial, man made, arbitrary…[Read more]