Topic: How to eliminate Side way Trending or Weak Trend
Thank you for creating the Price Volume Trend indicator, I've added this indicator to my trading strategy and it improved my results tremendously. In the past, I've been trying to find suitable indicators to eliminate side way trending or "false signals" whereby the price movement is not significant to warrant a change in trend. Now with your PVT indicator, I finally have solved my problem and hence increase my EA entry accuracy by reducing "false entry" during divergence or weak PVT. Thanks once again for your kind effort to create this indicator to be used in the FSB Pro.
http://www.onlinetradingconcepts.com/Te … Trend.html
Ps: I've also read about Money flow Divergence Indicator which is good for detecting a weak trend or signal a possible change of trend (or avoid open a position during divergence period). Is this indicator the same as the Money flow indicator? (I don't think so but just want to check). Can anyone won't mind create the Money flow Indicator Divergence for FSB Pro?