mercy18 Posted June 14, 2011 Report Share Posted June 14, 2011 I found this interesting indicator which draws 2 lines, a blue[b=Buy] and a Red[s=Sell] one. The Indicator lines are the result of stronger lines such as Monthly pivot - pivot Weekly - Murrey Math combined altogether. EXPERTLIVE STRONG LINES. B These levels are one of the strongest areas to enter into a Buy if the candle closes above it EXPERTLIVE STRONG LINES. S These levels are one of the strongest areas to enter into a sell when the candle closes below it. The Indicator also has an alert input which will notify you when the price has closed above or below these lines. The system should be used on the 1 Hour timeframe and will work on most pairs. Suggested StopLoss: GBP / USD = 75 points Dollar / Swiss = 75 points GBP / JPY = 125 points Indicators go to indicator folder and template goes in templates folder. Download: hxxp://www.multiupload.c0m/5S54CU4OBE http://imageshack.us/photo/my-images/808/20090112112121.png/ http://img271.imagevenue.com/img.php?image=030828517_GBP.JPY_122_562lo.gif http://forum.arabictrader.com/attachments/forum31/137516d1212085765-usd.chf.gif juicyt, john1368, nataraja and 24 others 27 Quote Link to comment Share on other sites More sharing options...
shabz Posted June 14, 2011 Report Share Posted June 14, 2011 (edited) It would be nice if you could give some explanation to the different lines, (A1-A35), are there some that are stronger than others for instance ? I will test these lines, as they seem to be similar to how I draw them, manually of course. Edited June 14, 2011 by shabz Quote Link to comment Share on other sites More sharing options...
mercy18 Posted June 14, 2011 Author Report Share Posted June 14, 2011 This is not my indicator.. It was a private indicator offered only on trial. According to my observation and understanding on it, these lines are showing some resistance/support confluence areas using data from different higher timeframes such as pivots. A short signal occurred an hour ago on the GBPUSD and I took it... it is +10pips so far. I think there are 2 type of trading which can be carried out with these lines. Breakout and Bounce. You will need to experiment with different application and trading scenarios and see what comes out from it. At first look, it does show a good risk:reward ratio. Keep posting your observations... Quote Link to comment Share on other sites More sharing options...
yogesheena Posted June 14, 2011 Report Share Posted June 14, 2011 (edited) i have just added to charts... lets see how does it performs now... do u have any manual or lil bit of explanation on this so we can read and do some extra work on it.... i know u have given to us on the first post itself but some where there will pdf or way to use it..... thanks Edited June 14, 2011 by yogesheena Quote Link to comment Share on other sites More sharing options...
mercy18 Posted June 14, 2011 Author Report Share Posted June 14, 2011 Here is a shot of the trade I just took. http://www.freeimagehosting.net/uploads/2afa7fbb4a.gif Quote Link to comment Share on other sites More sharing options...
yogesheena Posted June 14, 2011 Report Share Posted June 14, 2011 hey how do u all upload the charts can some one help me so even i can contribute lil bit to this topic... its keep asking me URL.... Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted June 14, 2011 Report Share Posted June 14, 2011 this indicator is for one of my friends in Arabic trader and he offer it free there...any way the way how to use it is the price should cross between the lines and there you should trade...yes between the lines as he said.... Quote Link to comment Share on other sites More sharing options...
Sesshoumaru Posted June 14, 2011 Report Share Posted June 14, 2011 use http://clip2net.com to upload your charts, thanks! Quote Link to comment Share on other sites More sharing options...
shabz Posted June 14, 2011 Report Share Posted June 14, 2011 this indicator is for one of my friends in Arabic trader and he offer it free there...any way the way how to use it is the price should cross between the lines and there you should trade...yes between the lines as he said.... Not quite clear what you mean, are you buying / selling on the cross of the lines or the bounce off ? What you seem to be saying is buy or sell in between the lines - is that correct ? Please clarify. Thanks. Quote Link to comment Share on other sites More sharing options...
⭐ deadsoul Posted June 14, 2011 Report Share Posted June 14, 2011 @shabz yes between the lines .. the price have to cross them to change so you take the pips of the cross the creator said...but you can use it in any way you see the price act with the levels ...regards Quote Link to comment Share on other sites More sharing options...
thermalboyz Posted June 14, 2011 Report Share Posted June 14, 2011 Is it based on Fib, Pivot, etc? Is it act like Support resistant and when is the entry should be placed? Thanks for sharing..... Quote Link to comment Share on other sites More sharing options...
eforex123 Posted June 14, 2011 Report Share Posted June 14, 2011 Do not download!!!! Zip file contains virus!!!!!! Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted June 15, 2011 Report Share Posted June 15, 2011 I downloaded without virus Quote Link to comment Share on other sites More sharing options...
ArtOfTrade Posted June 15, 2011 Report Share Posted June 15, 2011 Is it based on Fib, Pivot, etc? Is it act like Support resistant and when is the entry should be placed? Thanks for sharing..... It simply derived from Monthly Pivot and Range. The formula is Buy_Line = Pivot + Factor*Range; Sell_Line = Pivot - Factor*Range; Where: Pivot = (Prev_Month_High+Prev_Month_Low+Prev_Month_Close)/3; Range = (Prev_Month_High-Prev_Month_Low) Factor => 0.02, 0.2, 0.24, 0.5, 0.6, 0.64, 0.84, 0.88, 1.08, 1.12, 1.33, 1.37, 1.58, 1.62, 1.81 Quote Link to comment Share on other sites More sharing options...
mercy18 Posted June 15, 2011 Author Report Share Posted June 15, 2011 The trade I took yesterday is now +150 pips! http://www.freeimagehosting.net/uploads/823d1a3161.gif Quote Link to comment Share on other sites More sharing options...
forexfx Posted June 16, 2011 Report Share Posted June 16, 2011 What is your TP and SL ? Quote Link to comment Share on other sites More sharing options...
nguyentho Posted June 19, 2011 Report Share Posted June 19, 2011 Anybody can give indicators to make sure if there is a true or fake breakout from support or resistence? Thanks million Quote Link to comment Share on other sites More sharing options...
juicyt Posted June 19, 2011 Report Share Posted June 19, 2011 Thanks "A whole lot of millions" if you find that! Quote Link to comment Share on other sites More sharing options...
muzai Posted August 27, 2011 Report Share Posted August 27, 2011 please, reuplaod again the link.. tq ;) Quote Link to comment Share on other sites More sharing options...
balakong Posted December 4, 2014 Report Share Posted December 4, 2014 can anyone reupload again the link.. Quote Link to comment Share on other sites More sharing options...
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