Steps V

522 7
This indicator based on my volume MA that I design , it has 5 trend steps that are MTF length type (60,180,320 720,1440 min)
by doing this it easy to see the real trend more easy
my system is to start with 4 hour candle to see overall picture then we down to 1 hour etc.. I prefer 15 min candle
so how this method work?
the shorter trend will be at level 1,2,3 '
longer trend are level 4,5
if lets say level 1,2,3 is green then I go to buy if it also level 4 and 5 then its very bullish and I can increse up my bet
vice versa for downtrend
i like to use this setting on 15 min ,
it great for stocks (here I use 4 hour and 1 hour candles)
also nice for forex if you want to see when the trend is changing direction
I put other indicator which are not included in this script to make signal better but the concept is very similar

here on 1 hour we see that level 1 red but all other are green so it still very bulish

on Euro/USD 1 hour opposite
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Great stuff and thank for posting! keep it up =D
A great indicator! kind off a MTF VWAP, i'm glad to see you have a new version of your MTF script, i did love that in v3 glad you have it working in v4.

Great Job !
Excelent!! Thank you for many great scripts!
Great script, thank you! what other indicators suggest to use with this system?
RafaelZioni maxonline
@maxonline, i add trend lines and pivots, this to see when the best spots to make sort or long , and then if lets say we catch it at low and level 1 2 start to be green i put my first small bet ', if level 3 green i increase the bet when break level 4 and 5 i just increase it more as then it suppose to be very bullish.. vice versa for shorts.. that why I call this indicator step v.. as i go up or down by this system to max the profit..
you can add different indicators but this is the basic concept
+2 Reply
maxonline RafaelZioni
@RafaelZioni, thank you brother! your explination is to the point and very direct, keep up the great work!
RafaelZioni maxonline
@maxonline, also this script can make it much better (not mine but great script)
+1 Reply
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