TRO 2014 DONATIONAL INDICATORS

[kate682]

This is going to be so useful for me, thank you. It's ok for me, but I change the shift to 0, ie the current day, the label stays as D1, not D0. Thought you might like to know.

Hugs
Kate
xx

[TheRumpledOne]

D1 is the chart period.

What indicator are you talking about?

Need to always post a chart so everyone can see what you see.

[kate682]

I've set the chart period to be 0, so D0, however the labels reflect D1 still. I don't mind, just thought you'd like to know.
Kate
x

[TheRumpledOne]

Setting the chart period to 0 in the inputs tells the indicator to use whatever the chart period is that you are looking at. Setting it to 1440 means the indicator will use daily (D1) data for calculations, that is an override.

D1 means DAILY.

D1[1] would be the previous day. I think you are telling me I need to add the [] to the labels...

[richierpoor]

Hello Avery, Thanks so much for the indicators. The indi I am really waiting for is this one. This would mean I don't need to keep flicking between charts. Anything to make life easier....

Entered a horizontal line short on NZDUSD from H1 this morning using the following rules:

1. W1, D1, H1 in agreement (only trade short)
2. Preceding candle was bullish
3. Current candle bearish
4. Entered short on touch of first Horizontal line
5. +10 pip take half profit (in the ATR zone), stop to entry
6. Remainder left to run

Now it seems to have reversed but I'll leave it running, see what happens.

Can I make suggestion to enhance your training wheels indi for the horizontal line method?

Can you incorporate step 2 above into your training wheels indi so that it becomes a no trade if the preceding candle is not a pullback candle (bullish in a short setup, or bearish in a long setup) I think I have correctly interpreted your method?

Thanks in advance.

Rich

[TheRumpledOne]

Hi Rich:

Batch 002 should be going out sometime next week... need time to document all the code in the PDF and make videos showing how to use them.


Training Wheels is based on the colors of the 3 chart periods being tested. That's all.

I think what you want is a TRADE TRIGGER indicator like the RAT SCALPER. Now that I think about it, sounds more like the PRICE TURN indicators I wrote a while ago... Hmmmmm

[Xwing76]

2. Preceding candle was bullish

......no trade if the preceding candle is not a pullback candle (bullish in a short setup, or bearish in a long setup) I think I have correctly interpreted your method?

Nice idea Richie, I have also observed that it seems to puts odds in your favour entering after a pullback, your preceding H1 candle idea looks a good filter

[TheRumpledOne]

I think this is what you want...

[TheRumpledOne]

Or this...

[richierpoor]

Hi Rich:

Batch 002 should be going out sometime next week... need time to document all the code in the PDF and make videos showing how to use them.

No worries. Thanks for the update and appreciate your dedication.

Sounds like Trade Trigger indi = Training Wheels indi + Price Turn indi.

That would be neat.

Rich