RafaelZioni

15 min system

1470 views
182
1470 18
This is experimental model for 15 min chart .
first is upper and lower border in gray =upper or resistance line
black line = support line
this similar in concept to darvas box but I use instead open and close instead high and low
next is open close high and low candels in red and lime to see the opening and closure with color to direction of the trade
you can change the TF and res to anything else if you want to work with this system on different time frame
So it easy system to find where the support and resistance exist and what is the direction of trade

Remove from Favorite Scripts Add to Favorite Scripts
rep rep rep
Reply
Great work for every tf ! Thanks
Reply
Hi i just added a strategy tester to you script and the result are phenomenal, which makes me suspicious...

I have it going long c >= o and short c <= o

is it that the strategy tester is moving before your 4 hour candles? and giving unreliable results?
Reply
RafaelZioni DannyBaker
@DannyBaker, I do not know if to trust it if we go backward . need to be tested forward .. As main problem is that we are in open state until candle is close .. so i do not know if we go backward in the test how TV react to that?
Reply
DannyBaker RafaelZioni
@RafaelZioni, okay thanks! in the tester the results are insane...
Reply
DannyBaker RafaelZioni
@RafaelZioni, should the tf setting be set to you current timeframe
+1 Reply
its repainting
Reply
@wwrekt, it not real repaint , the reason color is change becouse the MTF candle is in open state .. so you have the regukar 15 min candles and large candeles are in open state . so lets say you see the large candle green and trend will be up .you are on 15 min chart but that candle in on 4 hour chart. so only when large candle will go to close = 4hours then the color is final . so you see the trend of 15 min candles in large candles of 4 hour. reapint is when the signal of close is changing . here it change as you are in open state and candle not yet close. but it a system that need to be combined with the gray and black line in order to determine trends, high and low state with open and close state .. so you need to understand the logic of oit in order to make it effective
+1 Reply
wwrekt RafaelZioni
@RafaelZioni, makes sense
thanks bro
Reply
dpanday RafaelZioni
@RafaelZioni, So what you are saying is that when the signal appears and the chart is refreshed after couple of candles that the signal does not change?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out