Fgdi

[fxlauk]

Good indicator to stay longer in the trend.

 

http://www.4shared.com/file/UWhLFi6a/FGDI.html

[scwon]

Do you have any reference as how to use it? Just by looking, it doesn't seem to match the trend on 1 hour.

[fxlauk]

Do you have any reference as how to use it? Just by looking, it doesn't seem to match the trend on 1 hour.

 

You can google, it goes to TSD.

 

The way I'm using it is completely different from the initial purpose of the indicator.

 

I suggest u change e-period = 10. Use only 1 Hr timeframe.

Follow the trend (use any trend indicator e.g ma cross) when there is blue colour line appears (at least one line on any bearish or bullish trend). Exit the trend when there is 2 or 3 red line.

Remember, blue doesn't mean bullish and red doesn't mean bearish. Blue= go. Red= stop.

 

It acts like a traffic light on the highway. Follow the trend only when it is blue (1 or 2 or 3 colour during initial trend). Exit when it turns red (2 or 3 red colour) regardless of bullish or bearish.

 

For example, when you notice trend is developing as indicated by your trend indicator, during the period, there is only one blue line (or 2 or 3), you can enter order and follow the trend until there is 2 or 3 red line occur. For greed, you can wait till 3 red colour but a bit risky.

 

You will find many time that you are exiting at the peak or before reversal.