The STRATEGY from the site above using Damiani and 3 other...
The first indicator is called IV Gempo.
Features:
1. Identification of a new trend with sound alert
2. It doesn’t repaint signal
When you see a green thump shown on your chart it is time to buy. When you see a red thump on your chat it time to sell.
The second indicator is Damiani Volatmeter.
Feature
1. It is the best indicator to tell you when a trend or signal is weak or flat. Whenever green line is above the white line and IV gempo gives the signal to buy or sell, just follow and the trend will ever be your friend
The third indicator is Barry support and resistance
Feature
It is used to determine the resistance and support area. The major uses of support and resistance is to avoid sudden reversal. Therefore it not good to trade near support and resistance level. Though Diamiani volatmeter will caution you as well. Always wait till the break of support or resistance before you place your trade.
The fourth is Fibbonaci Line;
It is used to determine the high and low of a trend. I used 1hr time frame
Summary
1. Wait for IV Gempo to give you the signal to buy or sell
2. Check if damiani volatmeter green line is above white line. If IV gempo tell you buy or sell and damiani volatmeter green line is below white line, it a noise and don’t trade
3. If support or resistance level is closer to signal level don’t trade, wait for the break in either direction.
RicardoSantos
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never heard, and the link lacks source code.
RicardoSantos
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jackvmk provided the mq4 source, but i didnt find a way to adapt it.
cristian.d
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Thanks Ricardo for your effort. I will be looking myself for something usable.
Really appreciate your efforts into making this indicator.
And, I have a suggestion to make it slightly better: A value (in '%') which is obtained by dividing 'V' line's value by 'A' line's value. It shows the strength of the (potential) Trend. And being able to set alert based on that % would prepare us for a possible upcoming trend.
I already use the above formula for finding out when a trend is about to start. So, I believe lots of people would find tremendous value in it.
Would it be possible to implement this change?
RicardoSantos
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@outofnames, done, you can activate the plot in the style tab in the indicator options, also added a extra calculation that stays within range of previous values (S+)
Original
13,50,1.2
RS
13,20,40,100,1.4