Perry, thanks for posting this setup, very easy to implement as well as to interpret.. One question though, do you find that it works best with a 4 range chart on all instruments that you trade? Actually 2 questions, where are your initial stops above or below the previous swings prior to the entry?
i used this setup, let me know if it really works for you , as when i use it, the indicators repaint back for one bar already closed, which is completely not right when u enter trade based on your last closed bar, then it repaints, it is loss.
please tell me if i am doing something wrong
Please can you post your latest template with rules & one chart picture , so that i can follow it exactly like you do.I was talking of repainting of ADX . I need to know exact recent rules ,because in first post you were using SMA 40, but later in thread you are not using.Let me know the latest setup
Please post the chart also.
As I have no programming skills - to say the least - could someone add "limit lines" above and below the zero line of the Force Index v2? These extra lines and center line (0) should have adjustable value inputs to modify per market instrument and allow for adjusting color. See screen shot - hopefully you get the idea anyway.
I am visualizing a senario such as, if the force index crosses the center line but does not breach the "limit" line then no trade until force index breaches the limit line either short or long. This "MAY" keep the trade away from SOME chop. Yes, this may also get you in the trade later also, but I think this can be overcome, especially if you are looking for hard runners and tight stops.
I have read the rules.
I want to know that... The EMA(5) - the black line - must have gone UP at least 2 Bars or more, with respect to what gone up? ,,,by this i understand the crossover of EMA 5 above EMA 20 by 2 bars,let me know if i am wrong.
Should we not take trades if there is same setup but EMA 5 is already above EMA20.
In the link you have given above , in chart 2, I see a long trade at 18.19, please let me know if i am wrong as there is crossover & also satisfying other conditions.