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Coron Forex Indicator - needs education


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  • 4 weeks later...

Interesting indicator. Traded 4 trades (1-min timeframe to test repaint) confirmed with the 15-min direction. All winners. Even better, the signals are on the open of a bar (outstanding indicator design).

 

Looking back at the past, sometimes the longer timeframe precedes signals from a shorter term timeframe. Which is opposite of what usually happens, on lagging indicators.

 

Very interesting.

Edited by crodzilla
MarketCycle-360.com
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Looking at a gold daily chart... it has a hard time with trends. When price reaches into an overbought or oversold condition, the indicator tries to pick the tops and bottoms. For Gold, the signals are horrible (daily & weekly), even confirming on the weekly chart.

 

The trick may be to skip the first signal on a lower timeframe and take the second. Thereby confirming that price is indeed turning around. Needs more testing though.

Edited by crodzilla
MarketCycle-360.com
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