wasp
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First, let me say YOU DO NOT NEED INDICATORS.
I code indicators because I like to make the computer do the work for me.
For example, my MULTIMETER CANDLE COLOR indicator displays the candles colors on all of the time frames so I don't have to flip between charts. I can see at a glance.
Many of my indicators are giving me REAL TIME STATISTICS. For example, my ABOVE/BELOW indicator tells me how many times the price has closed above/below the current price in the last X bars. This gives me a clue to support/resistance and/or extreme price movement.
My OPEN DIFFERENCE indicator tells me how many pips the price is above/below the different market open prices.
My MP MM CANDLE COLOR indicator shows me the colors of the last 4 bars of the candles on multiple pairs. It also shows how many pips up/down price is at the moment. I use this indicator to select which pair(s) to trade in the next hour since I know if a pair has 3 or more like colored candles in a row statistics say it will reverse.
If there is an indicator you see on a chart that you are curious about, just ask me about it.
The "art" of understanding price movement is simple, IMHO. Just SEE which way price is moving. If you can learn to trade like you learned to drive a car, it becomes second nature. You don't think about driving, you drive. You don't spend much time looking at the dashboard(indicators), you look through the windshield. My indicators may help you SEE what price is doing but it is up to the trader to SEE what price is doing on the chart.
By the way, since my indicators are PRICE BASED, so they DO NOT LAG.
You will have to bypass the analogy with me, I don't drive. My little bit for the environment you see.
So, in a nutshell, your indicators tell you;
MULTIMETER CANDLE COLOR : multi timeframe view
ABOVE/BELOW indicator : S/R strength
OPEN DIFFERENCE : distance in pips from open/close on previous day
MM CANDLE COLOR : multi market view on current direction
Interesting way of viewing things but more than one way to skin a cat I guess.
Laughing at Socrates? That doesn't sound very mature to me. Based on the replies, I don't believe the people viewing my NEVER LOSE AGAIN thread on BabyPips are doing so to laugh. They are doing so to learn and profit.
You obviously didn't know Socrates! I know nothing of the babypips site. I looked in their once and a site that was dressed up in such a style my 3 year old niece would have laughed and walked out on based on it being baby-ish put me off immediately. A trillion dollar business is not childs play, but this isn't about my opinion on that site.
Thank you for being civil. I appreciate it.
Not a problem, I'm just trying to understand just what is on your charts and what you are actually posting before having an opinion.
FYI, I'm not looking to learn here, give me a naked chart and a let me draw on a couple of lines and I am well away, but tbh, not sure what the problem is here?