Hello guys,
I used to trade using an indicator called Digistoch. It gives you the stoch value on all TF. Normally the trade would happen when stoch on M1 and M5 are falling together or rising together from an overbought or oversold level (90 or 10). I traded this for a week and each time the conditions was met, the trade happened.
I could even set a take profit and stop loss and leave; thing I generally don't do. I prefer to trade watching the market.
I noticed that when the conditions are met, 20 pips target is most of the time the target for less volatility pair like EUR, GBP, but GBY can reach 25, 30 pips.
I used also a PSar 0.026, to spot the entry point on M1. The entry point is when Psar is reversing and when price on the current candle go lower or higher of the previous Psar dot.
Can someone program an indicator that will give a signal on the chart when M1 and M5 stoch are rising or falling together from one of these two levels?
Hope to receive some answers here.
Regards,
Descaboy
I used to trade using an indicator called Digistoch. It gives you the stoch value on all TF. Normally the trade would happen when stoch on M1 and M5 are falling together or rising together from an overbought or oversold level (90 or 10). I traded this for a week and each time the conditions was met, the trade happened.
I could even set a take profit and stop loss and leave; thing I generally don't do. I prefer to trade watching the market.
I noticed that when the conditions are met, 20 pips target is most of the time the target for less volatility pair like EUR, GBP, but GBY can reach 25, 30 pips.
I used also a PSar 0.026, to spot the entry point on M1. The entry point is when Psar is reversing and when price on the current candle go lower or higher of the previous Psar dot.
Can someone program an indicator that will give a signal on the chart when M1 and M5 stoch are rising or falling together from one of these two levels?
Hope to receive some answers here.
Regards,
Descaboy