I see historic and therefore easy to draw, trend lines on your chart.pacinvest » Fri May 24, 2019 10:29 pm wrote:Thanks for comment on the Mega FX indicator. I am not convinced that this indicator is from the infamous 'solar winds' and variants. Also I am not convinced that it is a Smoothed Fisher offshoot either. There is something else going on in this indicator, which is why I am interested. I guess the best thing for us is to just trade this thing and see how we go. (Nice trial Leon!)
I thought I would take this opportunity to add another useful indicator to our drone library. This is the Ehlers Smoothed RSI and it is in the group of oscillators I am exploring for use as entry/exit triggers used with the TMA+CG mladen bands breach on the Day TF. The whole trick with this strategy is to judge when the counter trade entry should be hit following the breach or multiple breaches. Early days with this project but for sure this is a useful RSI indicator. In the screenshot of Day TF all the indicators are set to current time frame and labelled with a color code to help you work out which indy is which.
In the UBD set file below I have asked the drone to send a buy/sell signal when the Ehler's Smoothed RSI turns from up to down or down to up, using a shift setting of 2. This should be seen as a start point. You could trial variants of this set file with a trigger that requires the indy to turn further down or up or cross a trigger value.
Have fun..........
Tip: Keep an eye on day time frame these next few weeks, some solid counter trades coming I think.
I see lots of other pretty coloured-stuff lower down.
Looks to me like you are starting to overcomplicate thingies. It looks to me as though you are starting to fall into the trap of crap custom abortions.
I suggest that you do not get too excited about the cca's you are using. All they do is incorporate some sort of moving average into something that looks pretty and purports to represent something it cannot.
Take care. I do not describe this sort of stuff as Crap Custom Abortions out of a fond care for them. I would not even have bad dreams about using them, given the massively high quality of the indis developed by genius coders here.