PowerX Strategy "PowerZ"

[IgazI]

Version 2.6

FIB_RIV.jpg^FIB_RIV.jpg

Updating first post with new code. . .

We looking to buy in the red and sell in the green?

It is best to think of it exactly as it is:

1. convergence (green/red)
2. divergence (black/yellow)
3. RSI turning positive to negative, and vise versa (black)

In general, yellow means raise your stop loss & a black down-bar means that you've encountered strong resistance.

Ideally you would use the colors as a strong foundation for discovering nuances about how a particular market behaves:

Sometimes you might wait for red to go long. . .
but, yeah, sure, green means up and red means down

[Don_xyZ]

Version 2.6

FIB_RIV.jpg^FIB_RIV.jpg

Updating first post with new code. . .

These charts... good idea.
I remember an indicator that draws Stoc (or was it RSI) direction bias on the candles.

[IgazI]

Version 2.6

FIB_RIV.jpg^FIB_RIV.jpg

Updating first post with new code. . .

These charts... good idea.
I remember an indicator that draws Stoc (or was it RSI) direction bias on the candles.

It is best to color the candles because then you know exactly what the combination of indicators means as it relates to a specific candle, and you don't have to waste time trying to interpret anything.

[IgazI]

I separated the Fibonacci River into a separate indicator on page 1 and I am going to remove it from the PowerXYZ.

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[IgazI]

I had such high hopes for this stock

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Let's see how PayPal is doing. . .

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[IgazI]

I created a new indicator based on the RSI, SMMA, and price extremes, and put it on page 1 of this thread.

It has got a hair trigger, so don't point it at other traders

Black is the RSI flipping (there is a cooldown on the RSI flips)
& I think you know what to do with green and red color.

Yellow = think about moving your stop closer
Black = strong S/R, probably should get out.

"Everything Should Be Made As Simple As Possible, But Not Simpler!" - Albert Einstein

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[aliassmith]

Version 2.6

FIB_RIV.jpg^FIB_RIV.jpg

Updating first post with new code. . .

We looking to buy in the red and sell in the green?

It is best to think of it exactly as it is:

1. convergence (green/red)
2. divergence (black/yellow)
3. RSI turning positive to negative, and vise versa (black)

In general, yellow means raise your stop loss & a black down-bar means that you've encountered strong resistance.

Ideally you would use the colors as a strong foundation for discovering nuances about how a particular market behaves:

Sometimes you might wait for red to go long. . .
but, yeah, sure, green means up and red means down

I had a little time on TV to try this indy out. It can be a nice addition when using S/D.
Price turns from something to red, look for a S/D trigger.
Price turns from something to green, look for a S/D trigger.

[IgazI]

I had a little time on TV to try this indy out. It can be a nice addition when using S/D.
Price turns from something to red, look for a S/D trigger.
Price turns from something to green, look for a S/D trigger.

Yes, S/D is a key part of using the indicator 'correctly'.

I hope to make you a full convert

[IgazI]

I've greatly improved the logic of the "Relatively Good Adviser". . .
have a go with it on the minute charts it's pretty amazing.

PowerX is the gold standard.

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[aliassmith]

I had a little time on TV to try this indy out. It can be a nice addition when using S/D.
Price turns from something to red, look for a S/D trigger.
Price turns from something to green, look for a S/D trigger.

Yes, S/D is a key part of using the indicator 'correctly'.

I hope to make you a full convert

Thats going to be a hard sell since I don't use TV often. I don't need it but I have been working with it in case I must use it in the future.

I am still a MT5 fan.