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When did this start to happen?

Because that's a completely different approach to the system here. Heiekn Ashi candles are generated a whole new way and you don't need them to determine trend direction. It's possible to have them in the indicator, but it would be an unnecessary variable to what we're trying to do here.

If there are any problems, describe them in more detail and tell me what charts you found them on so I can fix it.

It's hard to get a feel for it this trading week, we don't exactly have the free flowing price action we need to see this work. Markets are churned up mostly.

I am just going to exclude the monthly candle at this stage and just go with a weekly/daily combination to see how we go. Monday wasn't a down day here, but since this is the first bullish weekly candle in a while - I think the market has plenty of room to correct upward. It's only play money...

So we're waiting for a bullish breakout here. In line with lasts weeks bullish candle, not taking the monthly candle into account because it's overkill and lags the system too much. Interested to see how these breakouts play out.

Hi guys, I appreciate this valuable feedback. As I just want to remind everyone this is meant to be a chart 'helper', and not a signal provider. I designed it to help with your market analysis and give you that 'first glance' of what the market conditions are. Just because you're getting...

Yeah the monthly candle is just too sluggish. Most of the move is probably over if you get a beefy MN1 candle. The other question is where stops should be placed. I would be inclined to put them above the current day high/low, or if you want to be more aggressive use h4 swing high/lows for stop...

Agreed it might be a bit too much. The weekly candle is the important piece of data here. I think the anatomy of the weekly candle should probably affect trading decisions here too. A weekly Indecision candle might need more condition for just taking breaks of the daily highs/lows. But a strong...

Here is a cleaned up version. This is what I did... Removed unnecessary objects Set the default time frames to W1 & M1 only Changed the color theme to blue and red candles Changed default background color to LightGray The code is very messy and has a lot of junk in it. I think someone has...

I always thought of a weekly breakout strategy that lined up with the previous candle direction, and during london hours. In your strategy Erebus, you suggest waiting for a monthly and weekly candle to line up in the same direction. Don't trade any monday breakouts, but take any downside, or...

Thanks for your kind feedback, I hope the tool helps clear up the charts a bit for you :)

Usually I get stuck at the top one.

Yes I can see the value in this way of thinking. As I've said you always see that 'early week' retracement. That's why Friday Close signals / Monday price action can generally be a pain in the ass.

Mostly the angle of the mean value. Some other price action factors which I programmed in. I am going to keep all the finer details to myself because I don't want people replicating it, which I fear there is a black sheep running around in here. Tin foil hat is on :)

I re-ran the scenario and I did make a mistake in my calculations with this, it will still work, but you're max risk is 2R. I am back on the drawing with this one to try come up with a better system. This was just an idea I thought I would share with you guys and get some feedback on initially...

Guys please don't leave a vague message like 'it's not working'. Describe the problem to me in more detail on where you run in to trouble so I know how to help you. Can you see the indicator in the list inside MT4? Are you getting an error message? Do you see TheForexGuy printed in the...

I don't know MT5 that well, I will have to get it converted. If enough people request it in MT5 I will get it converted. Going to need more information. Describe where the problem is for me.

Hey guys, I've been busy in the science lab again cooking up another crazy invention of mine :) Download: Go here to download Sign up with your email and I will send you new versions when the code is updated. I've basically made an indicator which will paint candles a color theme depending...