Ranging markets will show unreliable signals. Please don't use too many Timeframes and too many Pairs because Scanner will need to scan each and every one and might get slower the more pairs you select. Support/Resistance levels will also help you set the SL/TP. Or any indicators which might validate the reversal. Then for main M15, it will check HTF Stochastic for M30 with Period14 OB/OS: 80/20Īnd for main M30, it will check HTF Stochastic for H1 with Period60 OB/OS: 70/30įor BUY: Stochastic for Higher TF should cross below OverSold and close back above(for previous bar's close)įor SELL: Stochastic for Higher TF should cross above Overbought and close back below(for previous bar's close)īest way to use this indicator is with Support and Resistance. Set different Stochastic values for higher timeframes.Į.g: Your main timeframes are M15,M30 and Stochastic TFs are M30,H1. Stochastic is OverSold/OverBought and back for BUY/SELL So it's best to wait for bar to finish.Īlert Semafor On Bar 3(x): Show alert for semafor on (x) previous bar And just show double dash "-"īecause if higherTF semafor is still ongoing then price might still move. Skip If Semafor On Higher Timeframe: If true: If a semafor is still forming on a higher Timeframe then hide any previous semafors on the just lower timeframe. Check Previous Bars for Semafor 3: Specify number of previous bars to check Semafor 3 for. Can be specified in Indicator Properties. Popup alerts or email alerts or push notifications. Semafor 3 in previous bars but hidden because higher timeframe has a current bar semafor So, for M15, stoch check will be done for M30. Letter S: Means Stochastic Crossed Overbought or Oversold in Stochastic TimeframeĮ.g.: If you keep Main TF: M15,M30,H1 and Stoch HigherTimeframes M30,H1,H4. Red Block 3(2): Bearish Semafor 3 occured 2 bars back Green Block 3(4): Bullish Semafor 3 occured 4 bars back Orange 1/1 or 2/2 or 3/3: Both Bullish and Bearish semafors on current bar (very rarely occurs) Red font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on current bar Green font 1 or 2 or 3: Bearish Semafor 1 or 2 or 3 on current bar Or use "Refresh After Ticks" to refresh every given number of ticks if Shift is 0. So for example, if your lowest timeframe on dashboard is M5, set the current chart timeframe to M5 too. Scanner scans every bar only once for 3LZZ.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |