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]

Hi Femo

Im running it now ..will let you know, if any issues – seems to be straight forward thou

Thank you Kidas, I like cutting looses short

cheers

hannele

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! 

Thank you Sergio

cheers

hannele

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]