Agate

Re: best indicator

Cycle Identifier repaints very very bad. many bars can be repainted as many times as posible repaints all the time, so you cant rely on this indicator. you need a powerfull indicator to backup.

The Cycle Identifier actually repaints as I have noticed today. But it is good if we have it on a daily time frame. It can complement with Murrey math indicator for confirmation on trend reversal. For those who are interested in Murrey math, watch the 2/8, 4/8 and 6/8 level because they tend to give good reversal signal.

Re: Market Matrix

Thanks for sharing. :) It seems that part 9 is missing. :(

Re: best indicator

 

 

Yes on the last unclosed candle it repaints if the price leaves behind the last closed candle's high or low. Therefore you should wait for the close of the last candle to see whether the reversal established or not. I follow the signal only at the upper or lower bollinger band.

 

Regerds,

HunFxTrader

HunFxTrader,

Thank you very much for such a useful indicator.

Re: best indicator

absolutly repaint... but it depend on u to use it... :)>-

Thanks for the info. ;) I will need to use the stochastic and MACD for confirmation on entry and exit then.

Re: best indicator

If you want to buy at the bottom and sell at the top you have to use the bollinger bands. You should buy when price comes back from outside the lower band and sell, when price comes back from outside the upper band. I'm using it with success along with cycle identifier, that helps to identify the top and bottom of the price swing.

My settings:

Timeframe: H4

Bollinger Bands: 55 (it's not the default setting)

Cycle identifier: default settings

 

Here you have the BolliToucher that alerts when price touches the upper or lower bollinger bands, and the cycle identifier that alerts too, when it identifies a top or a bottom.

 

Enjoy!

Hi HunFxTrader,

Thanks for your indicators. ;)

Is there repaint for the cycle identifier?

Re: Pivot level indicator

Problem solved. :)

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Any good recorder that can capture web videos?

Re: EUR/USD Support - Resistance

Hi,

Can anyone direct me to the right section where I can find the pivot point indicator in mt4 by peter bain?

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