Nicolas,
In constant search :), I need an indicator, which seems pretty effective on strat. Binary to UT5. But I have trouble programming a signal.
Let me explain: We take the following 2 indicators:
Disparity Index.itf and Rainbow Oscillator.itf
The two are very similar, extremely similar even. But sometimes, and that’s what there is to explore, there are small differences, we’ll call it discrepancies, even if it’s not really the right term.
Let me explain. In this screen on both osci, I put red and green arrows and white horizontal lines
On the first green arrow (1st from left), the two osci are similar, the same for the second arrow
On the other hand you see on the 3rd and last arrow that it is not the same, on the first osci the break breaks the previous low, while on the osci from below, the peak rebounds on the lowest precedent
And there are a lot of cases like that in the day, or the osci are the same, but at one point one differs slightly from the other in this way, one breaks the highest while the other No, one breaks the lowest while the other does not, while keeping the same head similar.
Could you code me a simple signal on this observation; On the open, this is very often a sign of reversal (reverse candle). And so a sprint to take on UT5.
Thank you for your return,
ALEModerator
Master
Hi Winnie,
remember that there’s 0,50 / 1 index points of different between Dax Index 1€ and DAX on the sprint market.
I can suggest to stress your future sistem adding a little spread to the probacktest
Thanks
Ale
Hello Winnie,
without checking the indicator codes it appears that the upper is taking highs and lows into account and the lower open and close. In this case I read: Selling pressure defeated.
So, the lower band on your pricechart is also giving the same signal: Open and close above the band but low below the band.
Maybe, and this is just a maybe, you can reduce the number of indicators and still get the same reading?
If you want to talk about the band of bollinger, it is just there for illustration …
Sorry Winnie, I did not take time to look at your query these last days. Please up the topic next week to awake me! 😉
I must admit I did not understand anything about it, time to rest I believe.