ADX/lags (ADX/laggs) | Forex indicator downloads - MT4/MT5 resources - MetaTrader 5 resources
This is an interesting system that has been working for me. I've only been using it for a few weeks... Take a look at some EUR/USD charts and tell me what you think. I conservatively say 15 points per win...it works for me 80% of the time. I'm a bit skeptical as the euro has been fairly easy to trade over the past few weeks.
Use standards:
right ventricular index
Lagh-acs (Laguerre)
Average ADX
Stoch 5,3,3
1. Observe lagging, stochastic, RVI maximization in the short term or maximum decrease in the long term.
2. When the stock price drops, be ready... This chart is 30 minutes. This is a short film. (Viewed around 20:30 on May 25)
3. The next one to start a short-term decline is RVI
4. Lag should start to decrease after a while
5. Observe that ADX, D- (yellow dotted line) crosses D+ (pink dotted line) and starts to move upward. This means that bears will emerge after a good solid crossover. If D- moves up, it's a short position. If D+ moves upward, it is long.
6. The ADX index (red line in the ADX indicator) will be a flat line or curve upwards...should be 27 or better...moving upwards. This line just means...that the price is trending...if it's trending, whether you're short or long, it's always going to move up. Note that when the price breaks below the (short-term) 5-day EMA low, it begins to curve...and the opposite is true for the long-term. I like the 5ma highs and lows...it tells me that the trend is pretty solid when it breaks above the 5ma high or goes below the 5ma low...they are the light blue dotted lines
7. Take a look at 20:30 on May 25th...you will see stoch start, followed by other indicators. The ADX index has a slight upward curve... It's not as obvious on this indicator, but you can see the slight upward curve. You can also see the bulls on May 25th around 8:30...it starts on stoch. The ADX index is not that clear on this indicator either... you can see it slowly curving upwards... I will enter on May 25, 2010 around 13:30. The D+ (pink moving up) breakout is solid and the ADX index is starting to rise. Blue hysteresis is about "0"
I'll make it simpler...briefly
1. Stoxx fell
2.RVI decreases
3. Lagging (especially blue) drops
4. ADX, D- (yellow) firmly passes through D+ (pink) and moves upward
5. ADX (index) red line moves upward at 27 or above
6. Price falls below the 5MA low (light blue dotted line)
7. Enter short
8. I use a 30 stop loss....choose a 30 TP...usually 10-25 pips on a 30 minute or 1 hour chart
Look at the charts...look at your own...some are more obvious than others. On the 30 minute chart, the obvious 10-20 points appear to be very solid. I also used it many times within 1 hour. Let me know what you think.
Use standards:
right ventricular index
Lagh-acs (Laguerre)
Average ADX
Stoch 5,3,3
1. Observe lagging, stochastic, RVI maximization in the short term or maximum decrease in the long term.
2. When the stock price drops, be ready... This chart is 30 minutes. This is a short film. (Viewed around 20:30 on May 25)
3. The next one to start a short-term decline is RVI
4. Lag should start to decrease after a while
5. Observe that ADX, D- (yellow dotted line) crosses D+ (pink dotted line) and starts to move upward. This means that bears will emerge after a good solid crossover. If D- moves up, it's a short position. If D+ moves upward, it is long.
6. The ADX index (red line in the ADX indicator) will be a flat line or curve upwards...should be 27 or better...moving upwards. This line just means...that the price is trending...if it's trending, whether you're short or long, it's always going to move up. Note that when the price breaks below the (short-term) 5-day EMA low, it begins to curve...and the opposite is true for the long-term. I like the 5ma highs and lows...it tells me that the trend is pretty solid when it breaks above the 5ma high or goes below the 5ma low...they are the light blue dotted lines
7. Take a look at 20:30 on May 25th...you will see stoch start, followed by other indicators. The ADX index has a slight upward curve... It's not as obvious on this indicator, but you can see the slight upward curve. You can also see the bulls on May 25th around 8:30...it starts on stoch. The ADX index is not that clear on this indicator either... you can see it slowly curving upwards... I will enter on May 25, 2010 around 13:30. The D+ (pink moving up) breakout is solid and the ADX index is starting to rise. Blue hysteresis is about "0"
I'll make it simpler...briefly
1. Stoxx fell
2.RVI decreases
3. Lagging (especially blue) drops
4. ADX, D- (yellow) firmly passes through D+ (pink) and moves upward
5. ADX (index) red line moves upward at 27 or above
6. Price falls below the 5MA low (light blue dotted line)
7. Enter short
8. I use a 30 stop loss....choose a 30 TP...usually 10-25 pips on a 30 minute or 1 hour chart
Look at the charts...look at your own...some are more obvious than others. On the 30 minute chart, the obvious 10-20 points appear to be very solid. I also used it many times within 1 hour. Let me know what you think.
📦 Summary of post attachments (2)
Below are all the files (2) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •