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Swing high low forex

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swing high low forex

Private Messages Chat Ideas Published Followers Following Priority Support. CM Gann Swing High Low V2. All Available Via Inputs Tab Ability to Adjust Moving Average Values to adjust Sensitivity. Remove from Favorite Scripts Add to Favorite Scripts. CM Gann Swing High Low V2 ChrisMoody PRO about EURUSD I created this by request So play around with the setting depending on instruments you trade. Love the line breaks pinescript. Maybe you can see if the line before is true, then paint it again Until it is false and get the background to be entirely one color - either red or green in this example. Background Highlighting is no problem. Will add in next version. Excellent analyze posted on main page link Gann Swing High Low is a high indicator. Especially for new traders. I have used this tool effectively on a different platform and it is extremely useful through its simplicity. I would like to offer a suggestion for those who may put this tool to use. It may be obvious to some but maybe not so much to others Add two more of the same indicator to the price chart for a Multi-Time Frame view makes the Signals which break in conjunction with other periods very strong. Example for Daily chart use three Gann Swing High Low indicators with 30, 90, for your periods. Also, when the indicator with the shortest period breaks, use the medium and longer period indicators as targets as price will respect their respective values and usually bounces off of them. Another effective use is to use horizontal markers horizontal lines marking price where the indicator "switches" to mark the breaks. Use the price OPEN for exact marker level. That would be a clear indication of a very important price level to watch price action bias. Would a traditional GANN Follower typically use certain settings? Or would you say it's more like traders who use moving averages Just interested in you perspective since you've used the indicator before. The easiest reply would be to apply it as a trader would use moving averages. And I would highly recommend periods 13, 21, 55, Traders preference of any two. I find 13 and 55 extremely useful for most instruments. This is where the most action takes place. Also, another trick I have learned to do that works especially well with the Trading View platform involves using the Renko bar. Start with a standard price chart and add the CM Gann Swing High Low indicator. Change the price chart view low Renko one click to the right of the traditional price bar view in the TV tool bar. Now mark the break points of the indicator at the CLOSE of forex highlighted candle. I like to use the Horizontal Ray tool in this methodology. The reason why will present itself in a the next step. Now switch back to the traditional price bar view and low will see how useful this really is!!! Thought I would share a very effective method of using Trading View tools. Feel free to post some charts on it - and thanks for sharing. Is this a low example? Here, using the same instrument with same settings I made some notations that should help understand what to do with the Gann Swing HL V2 indicator while in Renko bar mode. After these elements are added, switch back to traditional price chart. I used yellow markers for Sell and Sky Blue for Buy. There is one special notation indicating an overlap of a Buy and a Sell signal offered by the indicator bar highlighter option that creates basically a reliable Supply and Demand line. Plus there is an additional single red marker placed at a Renko bar trend change. The use of this is seen when price is switched back to traditional price chart mode. When traders see the element of disparity between Renko and Traditional perhaps it will assist in understanding how a traditional price chart is just raw data. We need to be able to extrapolate the data, smooth the data, so it is legible and therefore more easily interpreted. Raw price data is not on a singular plane horizontal. That axis changes its orientation to vertical much like a spinning top Fortunately, Trading View makes this relationship easy to see. Here, we have switched back to the traditional price chart. In this follow up I thought it would be more prudent to be consistent with the Buy and Sell signals generated by Gann Swing trend changes by using the same color Vertical markers sky blue for Buy and yellow for Sell. After switching back to a traditional chart we see the manually placed Vertical markers same colors but dashed line in conjunction with the Gann Swing highlighted markers which are now working with the raw data price. I must make mention that after the switch back to traditional chart I need a Resistance point for the raw data to run up against due to the fact I neglected to mark the Tops of the Renko trend changes. It was apparent it was necessary to plot as we switch back to traditional it was this exact level that started on September 3, where the bearish price trend began after hitting forex resistance the Renko marker plotted. High Swing confirmed bearish behavior with a signal to sell on September 11 from the raw data and then a Renko sell signal added even more weight to the price action with a sell signal marker on September Currently price is trapped between the yellow marker above and the red marker below. Very interesting time for this instrument to say the least and a great example of how I used this methodology for Technical Analysis using the CM Gann Swing High Low V2 indicator. I could go on, but I will leave it at that for now. Thank you coondawg71 for the information, explanation and chart! This is a very interesting level and your renko method for finding hidden levels adds to it. Here is the chart with your renko hidden levels of support displayed with Fib Ret, High Fan, and Lazy Bear version of Tim W hidden earning levels. Of theses, your renko is the most pinpoint so far. Yes, very interesting time for this instrument indeed. Looks like it is actively traded and can offer nice price action. If swing wanted some additional insight, perhaps you could add one shorter period Gann Swing with a period of 8 and a longer period of 34 or forex Always good numbers to use, 21 is another but since you had 19 plotted already I figured you could use than as your Median average, forex since we have conducted a pretty good amount of analysis involving that figure. See if the short period has offered something useful high noise. Price being in a pretty good down swing is searching for support, we can discover where that is by using the longer period Swing Swing. Price is showing it is not only weak as your CM Ultimate RSI indicator is showing, but it is ready to begin a turn around, question is are there an buyers to make this happen, or else it will continue its weakness. Great example of community input here today. I am new to the HiLo. Can anyone with experience in both provide any commentary. It seems the HiLo trails a bit far from price? There are setting in the inputs tab. It defaults to 3. Higher numbers increase the distance between the bars and the lines. Decreasing the number decreases the swing from bars to Lines. Praying for your new improved Vix Fix will be free as well. Any chance of creating an alert when the indicator crossesespecially if this can be done over multiple low Chris, read the whole blog on this. I like the clarity it offers Hi guys, is this indicator available on the mt4 or is the script compatible with mt4? Would love to give it a try out? Blog House Rules Moderators People Chat Chat History Press Referral Program Advertise. Stocks Forex Futures Indices Bitcoin Elliott Waves Harmonic Patterns Technical Analysis. From the creators of MultiCharts. Select market data swing by ICE Data services. Ideas Scripts Chart United States. Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out Go PRO Go PRO day Free Trial Join For Free Go PRO Early.

Day Trading Using Proft Manager With the Swing High / Low Trailing Stop

Day Trading Using Proft Manager With the Swing High / Low Trailing Stop swing high low forex

3 thoughts on “Swing high low forex”

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