Appreciate that definition. I am having trouble with the inside bar indicator as it does not show up in yellow. Not sure if its for NT 7 . I am still on NT 6.5.... Is there an indicator that works to show inside bars on this version ...and can an audible alert be set to bring my attention to it to plan the trade?
I would if I could BUT.........I am not a programmer.........you could try "Create My Indicator Free" and see if a programmer will help you.......if not I've used Roonius and EDanny with good results (paid programmers)
The following user says Thank You to Jeff Castille for this post:
I hate to say I am lazy....since many will say...."The bars turn colors...why in the hell do you need an audible alert?" lol...well.... with a family and other responsibilities....its hard to sit in front of the computer all day. I work the nightshift and the days are valuable to get things done and even sleep..lol.
The audible alert on a 5 min or 15 min chart would be awesome to bring my attention back to the computer as I do other things around the house. The time frame I say would allow for this type of trading.
Thanks...I will try to post this in the "make my indicator for free" and see what comes about.
My preference for inside bars has nothing to do with the other trades being "harder to figure out"..........the outside bars on a 15 minute bar are usually associated with a very large amount of risk and the reversal bars a quite rare on a 15 minute chart.
I see....what I meant was "harder to figure out" in the sense that we don't know where the big money is going to take it. It is definitely marked nicely on your indicator. In fact, I loaded your template and it looks great. I think this is a sensible way to trade and I will look back for the last 30 days to see how the different trades panned out.
Are you still using the forexfactory news indicator...or is bloomberg a better choice?
I always use the news indicator............it's right on my chart........to my knowledge Bloomberg does not have a news indicator and even if they did it would be no different than the forex factory feed.
Thanks.... I probable should set NEWS to ALL at this time since CL is being really affected by Global news. I cant log into Zenfire as it seems to be down on weekends. I wont be able to test the news portion of the template until Monday I guess. This is the only problem with Zen as I cant get any data on the weekends.
I posted the request for an alert for your indicator.