Use These, they are great,
Main window- marketPrice, Goldminer1, MA 20, MA100, MA200, ( Expon)
Window 1--Goldminer1Histogram,
RSI (12) Yellow
Stoch (5-3-3)
Window 2-- CCI (30) Blue
ASI (300) Green
RVI (50) Red/Green
RSI (50) yellow
CCI > ASI = Long Trend
CCI < ASI = Short Trend
Top/Bottom crossover indicates Trend change is in store,
Use Stoch and tick chart for entries,
CCI > ASI = Long Trend = open trade when Stoch turns FROM BOTTOM
CCI < ASI = Short Trend = open trade when Stoch turns FROM TOP
When CCI and ASI start to form a gap between each, the greater the gap grows, the better the chance of a fast move in the direction TOWARDS ASI
So, what I mean is, If we are in a Long term Trend, Meaning CCI is above ASI, and CCI slopes up, but ASI stays pretty much on the bottom, and the gap continues to grow, there is a great chance, the pair will FALL, to get CCI back Near ASI..
Now, take note to this.
ZOOM is important,
Zoom all the way OUT, then 2 clicks IN. That is the level you will use forever with this strat. So keep that in mind, and check often to make sure..
Goldminer1Histogram, Sometimes doesnt Update like you think it would, and the Lines arnt always the way they are sopped to be. So, I like to check 5m TF and go back to 1m TF to readjust the Histogram.. Might have to do it 3-4 times too, soo keep that in mind.
The histogram should look like steps.
When Green is very low extream, then the possiblities for a trend change is near. When the Green and Red are Maxed, again, Short Trend is near.
Its more of a strenth Meter.. I like it,
When all the indicators are in a bunched group, A fast rapid move is in store, and it usually happens at the moment they are bunched..
This is when I like to find my inside bar, and act on the break of High/Low of that inside bar, also known as Mother Bar..
If they are bunched on the bottom, Trend going Long, Bunched at top, Trend going short.
Get used to these indicators, and how they act, take notes.
I use this system, that took me awhile to put together, but Im hitting 98% of my trades, scalping..
Ave 60-70 trades a day, 100 pip daily goal..