Topic: Help!-Chart Formation Strategies

Hi. I am new to forex strategy builder. I have made great progress with using both the original and custom indicators. However, My strategy is 50% based on the chart formation and sometimes cannot really be translated to figures or ranges. Is there a way to do this on fxsb? An example would be how to represent a divergence/convergence between price (over a short period) and the stochastic indicator (for the same period; or maybe even how to represent a head and shoulder structure.

Re: Help!-Chart Formation Strategies

Welcome justyou,

There are many specific cases (especially chart patterns), which are not covered  by the included indicators. Now FSB / FST can use custom indicators and there is no objective reason anyone to write the desired indicator alone. Of course some programing skills are necessary but there is nothing more difficult than writing the same for MT.

The current opportunities of using custom indicators are to manipulate the price flow. Since the chart formations are exactly that, it's completely possible to calculate divergences and head_and_shoulders.

Re: Help!-Chart Formation Strategies