EFT Histo
Posted: Sun Jan 09, 2022 6:28 amBased on the request.
https://fxcodebase.com/code/viewtopic.p ... 77#p144677
EFT Histo.lua- (6.21 KiB) Downloaded 133 times
- EFT Histo Overlay.lua
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EFT Histo
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Posted: Sun Jan 09, 2022 6:28 amBased on the request.
https://fxcodebase.com/code/viewtopic.p ... 77#p144677
Re: EFT Histo
Posted: Mon Jan 10, 2022 6:28 amHi Apprentice
Thank you for the indicator, a very good tool.
It's really nice for identifying turning points/price bias, but I wouldn't specifically use it for trading entries - especially on smaller time frames - 15m and below. On 1h or 30m charts (I think is still too small - a 30m one) and higher ones these turning points are usually aligned with the asset moving up or down. On balance the higher time frame the better and in which case a change of direction may indicate the end of the trade.
That's my opinion.
Test it, try it, before using with real money.
Good luck.
B.
Thank you for the indicator, a very good tool.
It's really nice for identifying turning points/price bias, but I wouldn't specifically use it for trading entries - especially on smaller time frames - 15m and below. On 1h or 30m charts (I think is still too small - a 30m one) and higher ones these turning points are usually aligned with the asset moving up or down. On balance the higher time frame the better and in which case a change of direction may indicate the end of the trade.
That's my opinion.
Test it, try it, before using with real money.
Good luck.
B.