Dollie's Safe Pips Indicator - MT4/MT5 Resources
Big thanks to everyone who has posted in the past and helped me along the way. To thank you for all your efforts I will share an index I have made using several indices and so far it has been a safe point indicator for me to make. Please feel free to add comments to improve it further.
M4 chart with black background
Add absolute strength indicator :
Set the colors (input) as follows: black, black, black, dark pink
Covered with RSI 2 (DeepSkyBlue) Available for: Close
Level: Level 10 and Level 90
Style: Silver (dotted line)
Covered with Woodis CCI Super
Set colors (inputs) as follows: black, white, black. Black, black.
Level 0
style: tan
Covered with LSMA
The reading indicators are as follows:
It works well for me on 30 minute charts and higher TF charts. I day trade and I watch the positions and close them at the end of the move and the indicator gives good signals on the 30 minute and 1 hour TF multiple times a day.
For buying:
When the blue line and pink line cross and the blue line is above the pink line
Then wait for the Lsma line (green line, yellow line, red line) to enter between the pink line and blue line
Also wait until the white line (cci6) goes between pink and blue
It is very safe to enter when LSMA is greater than 0
When the white line is also above 0
This is very safe when the blue and white lines almost overlap and cross 0 sharply in the same direction
More aggressive traders can use the white line as a guide and buy when it crosses 0 upwards
When blue and pink cross to buy, make sure the white line is above 0.. if it is below 0, the move may be very small, don't be greedy, just take a few pips or stay on the sidelines and wait for the white line to be above 0
Exit: Buy
- When the blue line is above the 90 dotted line.. pay close attention as it shows it is now overbought. Also note the pink line, when it approaches 10 or below, it also shows when to take profits.
- When the LSMA line goes out between pink and blue
M4 chart with black background
Add absolute strength indicator :
Set the colors (input) as follows: black, black, black, dark pink
Covered with RSI 2 (DeepSkyBlue) Available for: Close
Level: Level 10 and Level 90
Style: Silver (dotted line)
Covered with Woodis CCI Super
Set colors (inputs) as follows: black, white, black. Black, black.
Level 0
style: tan
Covered with LSMA
The reading indicators are as follows:
It works well for me on 30 minute charts and higher TF charts. I day trade and I watch the positions and close them at the end of the move and the indicator gives good signals on the 30 minute and 1 hour TF multiple times a day.
For buying:
When the blue line and pink line cross and the blue line is above the pink line
Then wait for the Lsma line (green line, yellow line, red line) to enter between the pink line and blue line
Also wait until the white line (cci6) goes between pink and blue
It is very safe to enter when LSMA is greater than 0
When the white line is also above 0
This is very safe when the blue and white lines almost overlap and cross 0 sharply in the same direction
More aggressive traders can use the white line as a guide and buy when it crosses 0 upwards
When blue and pink cross to buy, make sure the white line is above 0.. if it is below 0, the move may be very small, don't be greedy, just take a few pips or stay on the sidelines and wait for the white line to be above 0
Exit: Buy
- When the blue line is above the 90 dotted line.. pay close attention as it shows it is now overbought. Also note the pink line, when it approaches 10 or below, it also shows when to take profits.
- When the LSMA line goes out between pink and blue
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