pierre23 wrote:Tro, it seems from the few posts you have made showing your DIBS indicator that it works nicely. Doing some research on this DIB strategy, I have read that it can be an easy and profitable one to use.
Could you please post a few more charts with your indicator and maybe any losses you've encountered while using the indicator? (Trades you would have entered based on the indicator but price never broke out and hit sl)
MightyOne I really like your idea of the zero lines. Thanks for sharing. I didn't really get it until tro pointed out it was pretty much the same as the dynamic fibs. That is, the ZL is the previous support/resistance line ONLY when a bar has broken that support/resistance.. creating new S/R. This is what I understand, please correct me if I'm wrong.
If you see a breakout and you can imagine your self sitting with profit after moving your stops to BE then that is a ZL.