Humble wrote:Lis, thanks for your continuing work on the indi.
A suggestion to see if you or others think it's a good idea. With for e.g. an upward memo bar, a zl is drawn to the close of the previous bar. Instead of drawing the zone up to the 50% level of the memo bar, draw it up to the high of the previous bar.
This is my understand of how es/pip draws the lines.
i tend to not use highs or lows of bars but rather the open or closes depending which direction the bar is
i do it a little different each time depending on how the price action looks-----
if the momentum seems to kick in above the body of the previous bar i will draw it from there. If the price action tried to go above an area or bar previously but the momo didn't really kick in i try to draw it where it looks to have kicked in------- if that makes any sense---- i will try to post a chart with what i mean
edit---------------------------------------------------------------
i draw the lines where i see the held profit, i use the zone as a reference of where a zl could be in that area
the zone will always be 50% of the 2x bar's body no matter what
the zl can be any line in that area
9 out of 10 times i would have it where blubbs indicator puts it
here is a chart of what i was trying to explain above--
Bend over and assume the position for another 4 years of hope and change.
