I was wondering if you had an IntelliScript for fxTrek routine to help spot the Trend Indicator swing points.. Answer The script below will show when there are two higher highs after the
Trang 1I was wondering if you had an IntelliScript (for fxTrek) routine to help spot the Trend Indicator swing points I'm having a bit of trouble coding this up myself
Answer
The script below will show when there are two higher highs after the S bar and when there are two lower lows than the S bar
IF ( High[0]<High[-1]ANDHigh[-1]<High[-2] ) THEN
< AddBuyEntry >
ENDIF
IF ( Low[0]>Low[-1]ANDLow[-1]>Low[-2] ) THEN
< AddSellEntry >
ENDIF
See the EUR/USD daily chart below
Even though it is possible to identify levels that have historically represent overbought and oversold levels, MACD does not have any upper or lower limits Overbought/oversold happens when the shorter moving average dramatically pulls away from the longer moving average
The way I measure overbought/oversold is to make a note or draw a horizontal line at the highest point it has reached in the last 30 days and the lowest point it has reached in the last
30 days If it reaches either of these points then you know you are at an extreme for the most recent market conditions and the market is overbought/oversold