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Price Action. Folds in the tape make seeing Support and Resistance easy. Follow the tape to be with the trend. Nothing predicts the future. Can you trade with less clutter?
You need
ColorSampleUniversalMovingAverage
http://forum.bigmiketrading.co …
and the additional indicators from my version see below.
With all the talk of indicators can you trade using just a line in the sand? How about using the hourly open...
You will need the indicator from here
http://kreslik.com/forums/viewtopic.php?t=811&postdays=0&postorder=asc&start=50
Only works on time …
Do you know if there is a way to change the TRO hourly buy zone indicator to be a "half
hourly" buy zone indicator? I find that trades frequently set up on the half hour so I thought if I could get the indicator to read on the half hour it might be a good experiment.
Also, I'm finding that the indicator does not seem to function well on range bar charts. Is this me or the indicator?
I was just showing that the tape hides the edge of a channel when it is rising or falling so when the tape clears the edge of a large channel (donchian50 in the pict) it is easy to see and you can reverse your trade using the channel for a stop.
Donchian channel is the blue step lines in the pict.