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No problem, Mike. The benefits are mutual.

Nice work, dchappy. Thanks for your explanations

Keep it simple

Lis

SHORT TRADE Entry 1. HA Bar crosses the upper boundary of the Regression Channel Lines (RCL) (green dotted lines) 2. HA Bar is Red 3. LSMA is Red Exit 1. either at the lower boundary of the RCL or when LSMA is White LONG TRADE is just the opposite of short trade I have added one more criteria to the...

Mike, Your chart showed the LinReg and SMA lines went outside the channel but that's not entirely accurate because the channel is valid only for the current bar. Using LinReg (Period 60, Std Dev 2) will help you visualize historical price movement above and below the channel. Also dchappy method use...

It's range 10 chart.

Lis

LinReg is the NT indicator that shows present and past Regression channel. However it doesn't have std dev function. You can mod it to include such function. The green dotted lines on the chart here are the Regression Channel Lines of 60 period and 2 std dev. You can see price getting in and out of ...

You are correct. LSMA and price cross is the method currently used.

Lis

I see. Thanks

Lis

I think dchappy's method uses just the lsma to keep the system "clean" and simple yet efficient. Personally I would not use more than 2 indicators on a chart. Lis Try this for putting the CCI directly on price. Woodie espouses a 14 period CCI. So, put up 2 sets of 14 period Bollinger Bands...

Hi everyone! I am back! I have developed some indicators so I could use DM with my MT4 broker. BTW, the Woodies CCI portion of the method is actually a MA - LSMA (Least Square Moving Average) of period 25. You can see it in the following chart. Today's EURUSD chart. http://i34.tinypic.com/5nvr4p.gif...

Intelligent and wise words, es and MO. You need a plan to do anything, especially trading. It could be brief or detail but you must have one next to you when you trade. es is right. You should know exactly what to do while you trade. At no time you say to yourself "I don't know what to do here&...