This is an indicator based on the book【Forex】ForexDog’s Vacuum Zone Trading 2021: Trading Strategy to “not lose” based on Experience and Logic written by Forex Dog (yes, this is his author name on Amazon; he is a trader popular mostly in Japan). It consists of simple moving averages which should somewhat correspond to the higher timeframes moving averages. The original was traded on a 15m chart and the periods are as follows: 5, 20, 40, 50, 80, 100, 200, 400, 640, 1600, 1920, 3200.
Then, there is a big table with a distances overview. This should give you an idea of how far each average is in ticks. The minus in front of the ticks_total signifies direction.
I expect some feedback on this because I don't think the user convenience is very with tables being so bright. My goal is to create a system that limits the number of "noodles" on the chart but still carries the information via the tables on the side.
Moving Average Length is not adjustable by design. The book says to use these quite explicitly, although the logic would work just fine with some other levels, it would not be the original strategy.
very interesting and thank you! one comment though, is it important to remember that sma1 is a 5min period? if so then maybe label it sma1(5m) or something... if not relevant then fine leave as is... I am trying to understand how to use this though. Any hints on how to interpret / use this info please? thanks gain in advance.
OrcChieftain
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@decentMeerkat007, Not 5min period. 5 Bars. I published it yesterday with this example. It shows 15m moving averages, but the chart is hourly.
Anyway, the setup is trading the room between the moving averages after a significant swing low/high is broken along with the MA cluster. More in the book.