Forums Indicator discussion Currency Strength/Power/Value Indicator Reply To: Currency Strength/Power/Value Indicator

#6706
Edington
Participant

    Dear Arthur,

    thank you very much for sharing your work and your find.  Also, a big thanks to Saver0 for writing and sharing, Simplex for modifying it.  :good:

    I have been experimenting with the OB/OS “stochastic” method on Friday. I used a rather crude approach, set targets according to Fibonacci pivots. One issue is, as some have noted – some re-positioning. Even so, most of the time it seems to give a good signal. One rule that I apply to counter fakes is, that once the line crosses the value of 5, i set my SL to BE.(or around that)

    One note about my test, i used .01 lots…and i got greedy towards the end of the day an opened many trades with higher lots in the afternoon….so they carry over. Not something i would normally do. I will continue testing this week and try to find better ways to filter.

    Best, Michael

    • This reply was modified 9 years, 1 month ago by Edington.
    • This reply was modified 9 years, 1 month ago by Edington.
    • This reply was modified 9 years, 1 month ago by Edington. Reason: grammar
    • This reply was modified 9 years, 1 month ago by Edington.
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