Steps V
This indicator based on my volume MA that I design , it has 5 trend steps that are MTF length type (60,180,320 720,1440 min)
by doing this it easy to see the real trend more easy
my system is to start with 4 hour candle to see overall picture then we down to 1 hour etc.. I prefer 15 min candle
so how this method work?
the shorter trend will be at level 1,2,3 '
longer trend are level 4,5
if lets say level 1,2,3 is green then I go to buy if it also level 4 and 5 then its very bullish and I can increse up my bet
vice versa for downtrend
i like to use this setting on 15 min ,
it great for stocks (here I use 4 hour and 1 hour candles)
also nice for forex if you want to see when the trend is changing direction
I put other indicator which are not included in this script to make signal better but the concept is very similar
here on 1 hour we see that level 1 red but all other are green so it still very bulish
on Euro/USD 1 hour opposite
by doing this it easy to see the real trend more easy
my system is to start with 4 hour candle to see overall picture then we down to 1 hour etc.. I prefer 15 min candle
so how this method work?
the shorter trend will be at level 1,2,3 '
longer trend are level 4,5
if lets say level 1,2,3 is green then I go to buy if it also level 4 and 5 then its very bullish and I can increse up my bet
vice versa for downtrend
i like to use this setting on 15 min ,
it great for stocks (here I use 4 hour and 1 hour candles)
also nice for forex if you want to see when the trend is changing direction
I put other indicator which are not included in this script to make signal better but the concept is very similar
here on 1 hour we see that level 1 red but all other are green so it still very bulish
on Euro/USD 1 hour opposite