I have these 4 indies on my 1min euro chart. Magnified market price. TRo_SR_RR, Shi Channel tru Modified version, and 3 level zz semafor ( no alarm)
The two screen shots tell the basic story.. When the ZZ gives you the #3 at a shi level extreme, the SR_RR system should be right there at the same level to go long or short at its designated value..
The reason for the combo use is dynamic repainting.. For the SR_RR system alone if the market is pushing hard but i get a few up ticks thru the go long value, then continues to push hard down.. The system keeps adjusting the go long value lower and lower, so the trade i entered was early and not at a momentary extreme. Thus where the zz indie comes in . When the #3 trade is firmly planted on a shi extreme, the next bar is usually in correct direction.. If i take counter trend trade using shi channel as trend direction, i scalp for 3 pips,, if i am with the shi channel trend I go for 5 pips. Using it on a 1 min chart..
I am writing this for you to point out the flaws in logic as i am using the indies. Also, the SR_RR sys. adjusts at what interval or is it a dynamic function adjustmet.. Again the reason I ask .. When the market pushes hard in one direction, the ZZ idie is set up, but the SR_RR is lagging behind in resetting??
Thanks for all you do, your coding and idies are stellar.
A greatful trader,
Kendall
