Contrast and ATR stops averages
Posted: Wed Apr 11, 2018 6:39 amHi guys
I found these three indicators on the net and bandied them together. I thought that they look solid and they're worth sharing - might be used as a strategy. In the screenshot below I kept ATR stops averages original settings. Contrast indicator has got one setting (coeff. 1) - it's sort of ADX placed on chart, but it seems more reliable and less affected by insignificant price changes. The last one is a contrast multi time frame heat map left with original settings. When using heat map to assess price tendencies/bias/direction I would use ratio 1:4. For example for 15 m I'd have taken into account alignment between 15m, 30m and 1h - 4h is too far away to affect significantly trading on 15m chart. Anyway - that' s my opinion.
Kind regards
Bart
I found these three indicators on the net and bandied them together. I thought that they look solid and they're worth sharing - might be used as a strategy. In the screenshot below I kept ATR stops averages original settings. Contrast indicator has got one setting (coeff. 1) - it's sort of ADX placed on chart, but it seems more reliable and less affected by insignificant price changes. The last one is a contrast multi time frame heat map left with original settings. When using heat map to assess price tendencies/bias/direction I would use ratio 1:4. For example for 15 m I'd have taken into account alignment between 15m, 30m and 1h - 4h is too far away to affect significantly trading on 15m chart. Anyway - that' s my opinion.
Kind regards
Bart