That’s great news! Can’t wait to see your results! 

You need to make sure that you have enough bars for that timeFrame in the chart. For example, if you have TimeFrame set to M1 and looking at it from M15, then you will need 15 times more bars in M1. Hope that makes sense

The way I use it is to spot divergences where price is moving up and the value is moving down, etc.

Awesome! Very happy to hear DollarGeneral 

How are the trades working out @DollarGeneral? Try to have a SL in there.. I know its difficult but there are times where this indicator can be wrong

Honestly I’m not even sure the exact settings I used.. but try something like
timeFrame: 5-M5
showDiff: true
last_bars: 120
Applied to the H1 chart.

To get the price on there, just drop in the “Moving Average” indicator that comes with MT4 into the same chart window and select Apply to: “First Indicator’s Data” with MA Period of 1. This will a…[Read more]

Honestly I’m not even sure the exact settings I used.. but try something like
timeFrame: 5-M5
showDiff: false
last_bars: 120
Applied to the H1 chart.

It’s not as simple as that.. I wish it was.

The point that I will emphasize is that we need to understand why the price moved like the way it did in order to place a trade properly. Price moves because of buyers and sellers, supply and demand. This indicator only helps a bit in determining supply and demand. It’s not the full answer.

If you…[Read more]

Yes, pretty much that is the idea. The price should return to “value”. In this case the value is towards the direction of the strength.
So wait for price to move away or move against the strength, wait for a proper price setup (maybe a few candle closes in the direction of the strength) and then place the trade.

You always need to know why the…[Read more]

Yes, pretty much that is the idea. The price should return to “value”. In this case the value is towards the direction of the strength.
So wait for price to move away or move against the strength, wait for a proper price setup (maybe a few candle closes in the direction of the strength) and then place the trade.

You always need to know why the…[Read more]

Awesome! 

Here is how to scalp in M1
Read the two lines only to understand who is in control and to see who is getting stronger/weaker. Enter when the weaker shows strength, this is when the weaker will get crushed again.
This means.. if you see Red line above Lime (bears stronger than bulls), wait for Lime line to go up and hook down to short as long…[Read more]

Combine this with the following indicator of mine to create a strong strategy for yourself

http://www.penguintraders.com/forums/topic/bull-bear-power-indicator/

Yes it is, this is a leading/future indicator. So just use another form of confirmation to make the trade

Yup, that’s the primary way that I’m using it. I just want to identify zones/levels where the key players are interested in and then gauge the power of the players in these zones to tell me the direction. It’s not as easy but this makes…[Read more]

Nice trading there my friend! 

Here is a demonstration of the real power of this indicator 

Update: Please download the indicator again. I fixed a bug.

Awesome @Femo!

I hope its not too confusing. Having many settings and different interpretations can be difficult. I want to give everyone many options to play with so you can figure out the best settings that fits your system and personality. It can be used for different style of…[Read more]

Update: Please download the indicator again. I fixed a bug.

Awesome @Femo!

I hope its not too confusing. Having many settings and different interpretations can be difficult. I want to give everyone many options to play with so you can figure out the best settings that fits your system and personality. It can be used for different style of…[Read more]

Hi Hankee!

If you look at for example 1:1 and if your take profit is 10pips and stop loss is 10pips (including spread), then you will end up with a net 0% gain. So take it from there. You can easily calculate this in a spreadsheet.

What you need to figure out is the profit factor. That is how much you are gaining for each loss. So if your loss…[Read more]

Hi Hankee!

If you look at for example 1:1 and if your take profit is 10pips and stop loss is 10pips (including spread), then you will end up with a net 0% gain. So take it from there. You can easily calculate this in a spreadsheet.

What you need to figure out is the profit factor. That is how much you are gaining for each loss. So if your loss…[Read more]