Thank you for sharing this great setup.
I have a question, could u please take a look at this chart?
It seems like i cannot exactly know which bar is the setup bar because the forming bar and the previous one are almost never touching the EMA5
I have read the whole thread, you might have already answered to this, i'm sorry if i missed it.
Perhaps a confusion here (in bold) ?
I stand corrected, but assuming you have had a set up bar, any subsequent bars would relate to either
staying in or exiting the trade (depending on your rule set) ?
Such that bars subsequent to the set up bar could easily remain "fully" above the EMA5.
ie: the train has already left the station !
I've received some excellent help from futures.io (formerly BMT) site.
My thanks to eveyone.
Perry's thread was amongst the first I read and started with scripting indicators for.
I'm not that proficient in scripting.
But by way of giving at least something back to the futures.io (formerly BMT) site as a whole
and to anyone trying Perry's method
I include the attached.
(exported with NT7)
The DMPlusBCv1 zip:
Colours the bars:
Blue = adx rising and +DM rising.
Red = adx rising and -DM rising.
Pale Blue = +DM and adx out of sync.
Pale Pink = -DM and adx out of sync.
I was unable to include any account of the adx >25
The bar colours are not so much a buy/sell signal, but give a good
visual of the influence/strength of the ADX/-DM/+DM.
The Force_Index_v02FastBC zip:
Colour bars and /or background.
You still need to change the line settings to dash/hash.
Combined on a chart they may assist as a visual aid for the method.
Kind Regards to all.
The following 18 users say Thank You to zt379 for this post:
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The following user says Thank You to Big Mike for this post:
Anyone have any luck trading Perry's on a higher range chart? I'm having trouble getting in quick enough. Thoughts about 8, 11 or 16 range? Seems in principle it should work, but anyone try these? Thanks, SS