CHITO wrote:TheRumpledOne wrote:
where can I get this indi ??? R,S,G.
That is a 2010 DONATIONAL indicator.
Candles are green when PRICE IS ABOVE the OPEN.
Candles are red when PRICE IS BELOW the OPEN.
The OPEN PRICE is the ONLY PRICE that CAN NOT CHANGE during a bar!!
If price is ABOVE THE OPEN then price is UP.
If price is BELOW THE OPEN then price is DOWN.
Therefore, if you look at the LOWEST OPEN PRICE and HIGHEST OPEN PRICE over the last X candles, you can determine which way price is moving.
To use this profitably, the long entry should be at/near the lowest open price and the short entry should be at/near the highest open price over the last X bars.
The reason for this is because ALL REVERSALS must cross the lowest/highest open prices.
DO YOU SEE IT NOW?
I told you it was SIMPLE!!
TheRumpledOne wrote:Check out this thread for clues
Funny how some folks come and go!!
TheRumpledOne wrote:bettlebox wrote:Im looking forward to Tro_HoLo indicator
great work TRO
You can use TRO_HL5 and turn on the open lines and turn off the rest.
You can use TRO_PLOT to plot the opens, too.
TheRumpledOne wrote:Q) TRO, what is the RSG indicator based on, what criteria needs to be met to tick the boxes red/green?
A) 1) price within 20 pips of the daily low - that is OPPORTUNITY
2) red candle closes "R"
3) green candle closes - note the high price of the green candle. "S"
4) enter long at the green candle's high price "G"