PowerX Strategy "PowerZ"

[IgazI]

Attempt 143
I'm trying. . .

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gbpusd_.jpg

This kind of chart man.... it's hipnotizing.
Like the first time I saw someone put 10 lines of WMA into the chart making it look like one-color rainbow.

It's interesting, but it is not quite what I am looking for.

[IgazI]

This new indicator that I am working on, Jonas, is a range-based indicator that swallows candles 'in the belly of the whale'

it kind of reminds me of Renko. . .

If you were to take the breakout, then the stop loss would be the midpoint of the previous range.

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[IgazI]

I published the new indicator to page 1

Update: added %R input

[buffalo]

im not sure what your intended way of using the godfather indi is but it may be doable to go of the color changes a certain way. If it turns red but its an up candle its a no go. if youre long and get a red down candle put the entry a little below it, and you may not get wicked in and continue long

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[IgazI]

Bitcoin:

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[IgazI]

Had to fix a bg condition in the script:

Cardano:

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[IgazI]

im not sure what your intended way of using the godfather indi is but it may be doable to go of the color changes a certain way. If it turns red but its an up candle its a no go. if youre long and get a red down candle put the entry a little below it, and you may not get wicked in and continue long

This is the basic idea:

1. always, always, always, set/plan your stop loss first.
(technical or fixed dollar loss)

2. enter for 1/3 size (gains are 1/3, losses are 1/3)

3. increase to 1/2 size as you are making progress.

4. increase to 2/3 with some kind of a push.

5. top it off at a size of 1 for the last 3rd of the run.

Personally, I am more concerned with the overall progress the chart is making than the blips of the individual price bars.

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[IgazI]

You know what they say . . .
there is only one highest high

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[IgazI]

There are three common angles that appear time and time again, and these angles are 10, 15, and 23 degrees:

It doesn't matter how much or how little you compress the chart, just that you draw the angles after selecting 'auto scale' and scale fixing the chart; by slightly adjusting the vertical scale to make the bars taller.

You trade this by finding zones around where price intersects these lines.

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[IgazI]

I've never seen anything more beautiful

Facebook:

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