Looks like this indicator combines pivot points with support and resistance.Don't know what will be the outcome of this strategy.So peteonthenet can you tell us for how long you are using this indicator and what are the results of this indicator.
Looks like this indicator combines pivot points with support and resistance.Don't know what will be the outcome of this strategy.So peteonthenet can you tell us for how long you are using this indicator and what are the results of this indicator.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
It is more like a psychological level identifying indicator... It can be done easily with naked eyes... I dont think any need of this indicator... If you have shared a indicator like auto fibo or auto pivot indicator then it could be more helpful...
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Unregistered (1)
Hello,
NO this wont necessarily show you the trend, but yes it can show you reversal points. So just put it on a chart and watch it a day or two and you will get the idea, the simple fact being that every currency value is represented in numbers.
So you can incorporate this indicator in your own trading logic and take advantage of it.
I think not too different and the problems between the bar and candlestick charts with lines that may be combined as a pivot point.
..
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
This indicator is purely plotting lines on prices ending with 00, 25, and 50. Nuthing to do with pivots or anything else.
But its amazing to see how price is moving along this lines. One thing is very sure though with this indicator, Price will always be touching these lines day after day, year after year ;-)
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
This is my favorite indicator, and its best used with price itself.
Hope this will help you guys in your trading.
SweetSpots.zip
There is parameter for this indicator named "sublevels" which is defaults to 250, this is for 5 digit brokers, please change it to 25 for 4 digit brokers.
Last edited by Anytime; 2011-08-25 at 12:27 PM.
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