Jump to content

WOW indicator


Recommended Posts

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 !! :)

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...