Triple stochastic | Forex indicator download- MT4/MT5 resources
Hi
My personal opinion is that just riding the cloud breakout may be the most successful system because the trend direction is clear and the strength is also great.
However, looking at the Ichimoku chart, I can see that there are many profit opportunities, but Ichimoku traders avoid these opportunities as it is a weak or even dangerous endeavor.
Of course, I admit that I cannot predict changes in trend direction after a cloud breakout slows down and creates an overbought or oversold period.
Therefore, my observations on the trend movement are briefly summarized as follows:
1. The trend really starts at the breakout
a. You must be careful with callbacks here
2. Oversold or overbought areas begin after a period of time
a. The markets in these areas are not trendy but volatile. (This doesn't always happen). It is difficult to see which direction the price line will continue to move here.
triple random
I have long been looking for an indicator that can show the major ups and downs of a cycle, a trend. Everything I found was imperfect and imprecise. The triple random I made isn't perfect either, but in my opinion, it's a little better. It can be optimized and for that I need help from experts on this forum.
I don't have final rules on how to use it either, but I can give you an idea of what the lines mean.
Yellow and purple are like MA
Blue and red both indicate directions; their intersections can serve as entrances and exits. (In contrast to MA, kumo exits may not be required at each intersection.)
The Alligator line is also helpful in identifying breakouts earlier than the Moiré display. When the price line is below the yellow line, it is a downtrend; when it is above, it is an uptrend.
I base my indicator parameters purely on observation rather than on a mathematical basis. The Triple Stochastic and Alligator yellow lines are designed to show dangerous trading opportunities that Ichimoku traders will avoid.
So, I'm not saying this system is good, of course it's far from perfect, but with some good advice from experienced traders it could be a great system.
Please provide your input along with some additional indicators that you would use to identify 100% good breakouts at an earlier stage than what Ichimoku typically shows.
Some rules for when not to trade:
1. When the yellow line of stoch becomes almost flat
2. The same rules apply to the yellow thread of crocodile leather.
It looks like the 15M chart has the least noise, but the system can also be applied to 1M and 5M charts.
I'm waiting for your positive criticism
Bodhisattva wishes Buddha to bless you a Merry Christmas
My personal opinion is that just riding the cloud breakout may be the most successful system because the trend direction is clear and the strength is also great.
However, looking at the Ichimoku chart, I can see that there are many profit opportunities, but Ichimoku traders avoid these opportunities as it is a weak or even dangerous endeavor.
Of course, I admit that I cannot predict changes in trend direction after a cloud breakout slows down and creates an overbought or oversold period.
Therefore, my observations on the trend movement are briefly summarized as follows:
1. The trend really starts at the breakout
a. You must be careful with callbacks here
2. Oversold or overbought areas begin after a period of time
a. The markets in these areas are not trendy but volatile. (This doesn't always happen). It is difficult to see which direction the price line will continue to move here.
triple random
I have long been looking for an indicator that can show the major ups and downs of a cycle, a trend. Everything I found was imperfect and imprecise. The triple random I made isn't perfect either, but in my opinion, it's a little better. It can be optimized and for that I need help from experts on this forum.
I don't have final rules on how to use it either, but I can give you an idea of what the lines mean.
Yellow and purple are like MA
Blue and red both indicate directions; their intersections can serve as entrances and exits. (In contrast to MA, kumo exits may not be required at each intersection.)
The Alligator line is also helpful in identifying breakouts earlier than the Moiré display. When the price line is below the yellow line, it is a downtrend; when it is above, it is an uptrend.
I base my indicator parameters purely on observation rather than on a mathematical basis. The Triple Stochastic and Alligator yellow lines are designed to show dangerous trading opportunities that Ichimoku traders will avoid.
So, I'm not saying this system is good, of course it's far from perfect, but with some good advice from experienced traders it could be a great system.
Please provide your input along with some additional indicators that you would use to identify 100% good breakouts at an earlier stage than what Ichimoku typically shows.
Some rules for when not to trade:
1. When the yellow line of stoch becomes almost flat
2. The same rules apply to the yellow thread of crocodile leather.
It looks like the 15M chart has the least noise, but the system can also be applied to 1M and 5M charts.
I'm waiting for your positive criticism
Bodhisattva wishes Buddha to bless you a Merry Christmas
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