(Req) Indicator used by Sive Morten with Forex Peace Army

[fx4_ever]

Hi Friends:

 

Does any know know or have this indicator used by Sive Morten? He shows on daily video with Forex Peace Army. It looks like he is using DiNapoli Fib, but can't find anything like this. This indicator is close to find MTF confluenced (cluster) area of the price movement (S/R) and would really like to be able to try it.

Please help!! :D

 

http://i56.tinypic.com/3005hm1.png

[shabz]

This looks like Tradestation platform, there is a good fib indicator for Metatrader that will automatically change the coloured lines drawn by the standard fib tool, when you have multiple instances on the same chart.

 

http://www.4shared.com/file/dTPRyPIp/QuickFib.html

 

I have found it very useful, you need to have the indicator on your chart for it to work.

[pippimp]

Hi all,

 

The fib tool lines look cool,yet i would be more interested in what is used to form the bold blue trend line. Notice how when there is a good break of the line that the trend reverses. What a good indicator to have!! Any info on this would be greatly appreciated. Thanks!!

 

Theo

[fx4_ever]

This looks like Tradestation platform, there is a good fib indicator for Metatrader that will automatically change the coloured lines drawn by the standard fib tool, when you have multiple instances on the same chart.

 

http://www.4shared.com/file/dTPRyPIp/QuickFib.html

 

I have found it very useful, you need to have the indicator on your chart for it to work.

 

Thanks for the link.

 

Too bad MT4 indicator doesn't have same indicator that were used in example chart. It really does show S/R well. I think Robert Miner's multi fib drawing tool may work in similar way. But, I'll have to play around again. Anyway, thanks for posting indy and I'll try it for sure.

Edited December 6, 2010 by fx4_ever

[mtx_69]

plsz share same with the picture in post 1..thanks

[100pips]

the blue trend line is just 3 sma displaced by 3 (3x3) as referred by JoeD himself

 

Hi all,

 

The fib tool lines look cool,yet i would be more interested in what is used to form the bold blue trend line. Notice how when there is a good break of the line that the trend reverses. What a good indicator to have!! Any info on this would be greatly appreciated. Thanks!!

 

Theo

[pippimp]

Thanks 100pips. So the blue line is a 3 sma shifted by 3? Wow that look pretty far off price to be just a 3 sma. I plotted a 3 sma with a 3 shift and it was still amidst the bars.. not offset like up above.

 

Thanks

TB

[andieliu]

thk for the share

[lekter]

the blue trend line is just 3 sma displaced by 3 (3x3) as referred by JoeD himself

 

No it isn't. Sive uses the JoeD 3x3 SMA sometimes to look for reversal directional patterns but not in this picture.

 

In this picture I cannot be sure.

 

Sometimes he uses a line is based on a MACD (I don't know the exact formula) and is used to know the main trend.

 

But this one seems a line based on Stochastic to know the overbought level of the market.

Edited June 18, 2011 by lekter

[ArtOfTrade]

But this one seems a line based on Stochastic to know the overbought level of the market.

 

Not Displacement MA 3x3 and Stochastic.

Don't forgot Joe Dinapoli's another product - Detrended Price Oscillator Predictor.