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Posted

Any one please explain how to use it. What's the meaning of the red histograms and blue histograms appearing above and below the black line?

 

http://img697.imageshack.us/img697/5365/97942811.png

 

Regards

Saivenkat

Posted
I think that the bars below the black line show the stronger trend. Also it shows sometimes when there is a possible trend reversal but I have only been able to identify buying reversals (like in the picture) not the sell ones...
Posted
i think spore9 is good indicator. when red is up from black area by breaking price down and when blue is up from black area price pule up. know anyone spore9 how work?
  • 1 year later...
Posted (edited)
Hi, will be great if anyone try to explain how these indicators work. But just noticed that spore 7 is actually 220 simple MA. Anyone noticed that too??

 

well done )

 

indeed, this is MA simple, that's it. I've made it for quick plug - just drop it on the chart and forget.

 

Here is the final version of my spore12 indicator (ex spore9 indicator) - now it's more "rough" and shows signals only when highly overbought / oversold

 

http://www.multiupload.com/1IHPMDWJX8

Edited by tgtrading
  • 3 months later...
  • 1 year later...
Posted
how do we than identify flat market and than trade i am seeing there are lot of false signal when market is in trend it might even kill the account if the market is in Yen pairs, can any one think of some thing logic where we can spot the market condition in which this system can gives us maximum returns
Posted
how do we than identify flat market and than trade i am seeing there are lot of false signal when market is in trend it might even kill the account if the market is in Yen pairs, can any one think of some thing logic where we can spot the market condition in which this system can gives us maximum returns

 

Use fixed stop-loss, use bigger timeframes, try to identify real extremums with the indicator (increase or decrease period for different timeframes). This is for manual trading.

 

Alternative - use averaging technique, like that one, shown in video.

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