No crosses lag too much! Do yourself a favour and just master my logic, save yourself 10yeqrs of searching literally going crazy. M1 for me, but works on all, might need bigger distances. Envelope 4lwma high + 0.01% hide the low Envelope 4lwma low +0.01% hide the high Envelope 8lwma high only +0.02% Envelope 8lwma low only +0.02% Envlope 24lwma hl/2 0.02% both in yellow All you do is join the trend at a good price with a tight SL outside of the range, take profit repeat. Account is going wild doing this the last week.
yes the whole "triple screen" filtering higher time frame stuff just does not work it induces lag and in today's markets that will wipe you out. so you trade the lowest time frame only and filter long term using longer inputs in your studies, it accomplishes the same thing without having to wait days or hours for the end of a bar to calculate. example if you were using a daily chart of the emini sp futures it's session is 405 minutes you can make such a chart and set you studies to update every tick rather than waiting all day for the close of a daily bar. i know filtering down sounds attractive but, out of the samples of nicely trending markets they always show examples - the market is typically not that way.
excellent post and example of combining long term and short term save yourself 10 years lol i agree so much! people still have to find their own way though it's life....
Sadly, they do, I've only recently had the skills to actually use the system, the methods came and went a few times. Shorter, then longer with slightly wider range to handle, although the yellow is more of a direction with no range.
This is interesting, I am going to take some time and delve into this...Any idea on how to translate all of that to the ThinkOrSwim platform? Thank you for the response!!!
What does that even mean? What is ONE level lower of a Daily? 4 hrs, 1hr, what? For that matter, does a daily include or exclude extended hours? What is ONE level lower of a 5 minute (300 seconds)? 299 seconds?, 4 minute, 3 minute, 30 seconds, what? What is ONE level lower of a 1000 tick chart? or a 10000 volume chart? "ONE LEVEL" as you have applied it, is "always" SUBJECTIVE.
Sorry forgot the audience I was posting to, so I will spell it out. Almost all my trades are intraday so one level lower is dropping down to 15 minutes from 60 minutes, 5 minutes down from 15 and 1 minute down from 5. Always time-based. 1/3 to 1/5 based, similar to higher timeframes of a week is 1/4 of a month and a day is 1/5 of a (trading) week. But even if the above is still considered subjective I said I always.