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Forex Forum → Technical Indicators → horizontal line indicators

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Posts: 3

1 (edited by ahmedalhoseny 2012-04-26 12:31:14)

Topic: horizontal line indicators

recently i started test trading without oscillating indicators so i limited to line indicators
pivot point
Fractal
Ross hook
top bottom
previous bar indicators
round number
Fibonacci * as a concept to be applied  in a different way
and price move * as a concept to be used with previous indicators


Also There is the Zone concept indicators if popov could add it to indicators it will be a nice reversal /cont. concept

I noticed how they will be more powerful if they have new features and added functions
i will post my ideas and wishing someone will help coding them " some of them need popove intervention "


Regards

2 (edited by ahmedalhoseny 2012-04-26 12:16:54)

Re: horizontal line indicators

A pivot point indicator :
base price 'one day and one bar"  Could include MTF "Weekly , 4 hr , 1 hr ......etc"


PP indicator used as opening and closing points and this limits the concept behind PP which used as a reversal and/or continuation indicator So why not using it also as Opening logic condition with functions like:
The bar opens below the PPx level
The bar opens above the PPx level
The bar opens below the PPx
The bar opens above the PPx
The position opens below the PPx
The position opens above the PPx
The position opens below the PPx
The position opens above the PPx

Also To add extra functions using price move concept like:

The bar opens below PPx after opening Above ..... etc
Price Move " break '" below PPx and reverse back above it ....etc

Re: horizontal line indicators

Previous bar group " Opening, closing , High and low "  to add a new indicators
previous bar mid point
Previous day high low
previous day mid point

Also new functions
"The position opens above the previous day high",
"The position opens below the previous day high",
"The position opens above the previous day low",
"The position opens below the previous day low"
"The position opens above the previous day midpoint",
"The position opens below the previous day midpoint",
"The position opens above the previous day high",
"The bar opens below the previous day close/open after opening above previous day high",
"the position opens below previous day close/open after opening above previous day high"
The price moves above previous day high then retrace below previous day close/open

last functions i think will give a strong points of reversal

Regards

Posts: 3

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