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GO SHORT OR LONG?
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cfabian wrote:Hey TRO, I was thinking about your trading lines approach, and how you wait for 3 or more consecutive color candle to trade reversal.
One of your indicators that I really like, is the histogram. So, the point is what about combining trading lines together with the histogram... or better to say... trade the histogram. Entries could be when it crosses 20, 30 or whatever number in the histogram (instead of psycho lines), supporting the trade direction with the candle meter.
Here's a screenshot of what I mean. Look at all those pips in the table!!!!
I also wanted to ask what this means in the RANGE P2 indicator (upper right corner)
Cheers to all
TheRumpledOne wrote:cfabian wrote:Hey TRO, I was thinking about your trading lines approach, and how you wait for 3 or more consecutive color candle to trade reversal.
One of your indicators that I really like, is the histogram. So, the point is what about combining trading lines together with the histogram... or better to say... trade the histogram. Entries could be when it crosses 20, 30 or whatever number in the histogram (instead of psycho lines), supporting the trade direction with the candle meter.
Here's a screenshot of what I mean. Look at all those pips in the table!!!!
I also wanted to ask what this means in the RANGE P2 indicator (upper right corner)
Cheers to all
Yes, you can use the HL Histogram to trade, that's why I wrote it...LOL!! BUT YOU DON'T NEED IT! It just shows how profitable the trades are. You know those lines are USER INPUTS so you can CHANGE the values... I wonder what you could use that for, Hmmm??? LOL!!
In the Range indicator...
the lower left hand numbers are # bars above / below current range.
the lower right hand numbers are # bars above / below average range.
cfabian wrote:TheRumpledOne wrote:cfabian wrote:Hey TRO, I was thinking about your trading lines approach, and how you wait for 3 or more consecutive color candle to trade reversal.
One of your indicators that I really like, is the histogram. So, the point is what about combining trading lines together with the histogram... or better to say... trade the histogram. Entries could be when it crosses 20, 30 or whatever number in the histogram (instead of psycho lines), supporting the trade direction with the candle meter.
Here's a screenshot of what I mean. Look at all those pips in the table!!!!
I also wanted to ask what this means in the RANGE P2 indicator (upper right corner)
Cheers to all
Yes, you can use the HL Histogram to trade, that's why I wrote it...LOL!! BUT YOU DON'T NEED IT! It just shows how profitable the trades are. You know those lines are USER INPUTS so you can CHANGE the values... I wonder what you could use that for, Hmmm??? LOL!!
In the Range indicator...
the lower left hand numbers are # bars above / below current range.
the lower right hand numbers are # bars above / below average range.
Thanks for your response TRO.
I wonder what is the name of the indicator that counts the last 4 candle colors for all pairs?
I have your donational indicators in case is part of them. I cannot find it.
Cheers