Testing Indicators
Ladies & gentleman;
I would just like to share some research I've been doing to seek out the ideal strategy & style for my trading (aiming to refine & perfect my system);
Basically I replaced the AO in favor of the standard traditional MACD Histogram (12, 26) (just without the 9-period SMA signal in here). I couldn't properly configure the settings of the AO to perfectly match the 9-period MA & 42-period EMA curves in the chart that's the reason. (In MetaEditor, the codes of the AO are different & displays the histogram differently when the values are tweaked to try to match the MACD-Histogram (12, 26).)
The other traditional-MACD (12, 26, 9) is fine & still remains as it is.
The Ichimoku-Cloud is actually basically a 50/52-period MA/EMA. (As a whole.)
I replaced the standard Candlesticks with Heikin Ashi Candlesticks because it indicates a trend clearly; (plus also notice how it signaled the bullish & bearish trends early in this chart ).
Last but not the least; I replaced the Ichimoku's Tenkan-sen 9-period EMA & Kijun-sen 26-period EMA in favor of the standard 9-period SMA & 42-period EMA; the intention is to get both 9 SMA & 42 EMA to match/align perfectly with the MACD Histogram (12, 26).
My MT4 trading terminal in actual is slightly more complex though; because it has several more indicators like currency strength meter, trend & strength meters, buy/sell signals based on various-MAs, MACD, BB, Stochs, RSI, CCI, ATR, & ADX, & another type of indicator-system that generates wave patterns as trend changes. (Not shown in here.)
This is just my developing-system for my trading.
Best regards.
I would just like to share some research I've been doing to seek out the ideal strategy & style for my trading (aiming to refine & perfect my system);
Basically I replaced the AO in favor of the standard traditional MACD Histogram (12, 26) (just without the 9-period SMA signal in here). I couldn't properly configure the settings of the AO to perfectly match the 9-period MA & 42-period EMA curves in the chart that's the reason. (In MetaEditor, the codes of the AO are different & displays the histogram differently when the values are tweaked to try to match the MACD-Histogram (12, 26).)
The other traditional-MACD (12, 26, 9) is fine & still remains as it is.
The Ichimoku-Cloud is actually basically a 50/52-period MA/EMA. (As a whole.)
I replaced the standard Candlesticks with Heikin Ashi Candlesticks because it indicates a trend clearly; (plus also notice how it signaled the bullish & bearish trends early in this chart ).
Last but not the least; I replaced the Ichimoku's Tenkan-sen 9-period EMA & Kijun-sen 26-period EMA in favor of the standard 9-period SMA & 42-period EMA; the intention is to get both 9 SMA & 42 EMA to match/align perfectly with the MACD Histogram (12, 26).
My MT4 trading terminal in actual is slightly more complex though; because it has several more indicators like currency strength meter, trend & strength meters, buy/sell signals based on various-MAs, MACD, BB, Stochs, RSI, CCI, ATR, & ADX, & another type of indicator-system that generates wave patterns as trend changes. (Not shown in here.)
This is just my developing-system for my trading.
Best regards.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.