Devilmatrix7
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Suggestion Trade with Arrow - Grail.
- Thread starter dascore
- Start date
Hi Devilmatrix7,
Indicators are merely tools to help you in trading, and have been developed to meet specific needs and purposes. One structured way to begin a journey into the study and use of technical indicators is to start with the book "
The Encyclopedia Of Technical Market Indicators, Second Edition
"This book deals with the advantages of using technical market indicators, which to use, how and when to use them, and why. This new edition offers an accumulated treasury of nearly all known technical market indicators, including many new ones and better ways to use long-established ones. It offers precise formulas, performance over all available market history, and how to maximize reward/risk potentials. Now you can apply tested indicators immediately to your own investment decision making. "My personal opinion is that if you are seeking to be consistently profitable in trading, it may be more advantageous to you to look at following a good system of risk management and trade management- this means position sizing ( lot size wrt capital) , stop loss, targets, layering, leverage, trading setups etc.
Hope this helps.
Hi everwelwisher,
Thanks for your contribution to the discussion. You are the only member so far who expressed an interest in this indicator. Happy to share a copy of my re-engineered arrow code for indicator01-buy and indicator02-sell if you are interested to PM me. Attached is a chart showing the comparison of the original arrows and the re-engineered workback arrows for the CADCHF pair. Once again, thank you for contributing.
Attachments
The ideal would be to follow a trend indicator and enter on pullbacks or small countertrends at lower TF.
and where is the indi dascore ?
Hi loverhh,and where is the indi dascore ?
Its has been made available in this forum by many other members as an indicator called by various names such as Half-trend, oxymandis, pip finite pro- indicator01-buy is merely obtained by calling for the BUY arrow and rendering the colour setting of the sell arrow to none, and vice versa for the SELL arrow. Anyway, I found a copy of the source code available here in soe-hoe.