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WOW indicator


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Re: WOW indicator

 

Choose TF ... find Support/Resistance (Barry) indicator add on main chart, then add wow indicator, wait till price breaks support/resistance (long/short) then check if wow indi shows arrow direction (buy/sell) and then go with it. Didn't have time to play with it but seems OK so far. Also

 

P.S. First you need to remove time lock in indi, delete this and compile it:

 

if (gi_136) {

g_datetime_148 = TimeCurrent();

gi_136 = FALSE;

}

 

Thank you JamatL !! :)

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Re: WOW indicator

 

To enter a trade we need to have 3 indicators that confirm that entry:

1st The LAST arrow needs to be in the direction of the trade.

2nd we need to break the support or resistance.

3rd the wow indicator needs to support that entry.

 

Long entry:

1) The last arrow is a green arrow.

2) Price breaks or broke the yellow resistance line.

3) The wow indicator needs to show yellow color.

 

Short entry:

1) The last arrow is a red arrow.

2) Price breaks or broke the magenta support line.

3) The wow indicator needs to show magenta color.

 

Exit long or S/L long:

when support breaks and W_O_W turns magenta.

 

Exit short or S/L short:

when resistance breaks and W_O_W turns yellow.

 

Important: Put 5000bars in your history of your platform.

Leave the amount of bars in the (w_o_w!)2.4 indicator also on 5000bars.

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