You can create level lines on many indicators, but I think the reference is for OBV...on balance volume. Since it is tied to transactions, or something like that, it really has no static scale.

Reading scaled custom indicator values!

? 25:15 is Chapter 25.

LFX Trading Proverbs

You can place a moving average or Bollinger band on it to act as a trend line. A lower value could act as a change in direction signal, while a really high value could act as a centerline. You won't be able to use them as control limits, but surely ...

Reading scaled custom indicator values!

I prepared a reply for you at this link: url

Trading Apprentice

If your math makes money, but you do not, then it might be a mix of copied behavior and emotion. We all learn nearly everything by copying someone else. If that person was wrong, so are we. If you later realized for yourself that you have been ...

LFX Trading Proverbs

I took it as him quoting someone else who cautioned inexperienced traders about entering without the full implementation of their edge. Personally, I think amateurs are more likely to hesitate and enter late rather than early. But sure, if you ...

LFX Trading Proverbs

If this is something you find useful, I have attached two additional versions of getting that measurement. I don't have the mq4 files, but maybe it can give you ideas about display. I don't use any "yesterday" information, so I agree it is a bit ...

New way to measure volume

It is just a matter of using a decent edge based on collecting enough sample size to produce a logical probability. Sometimes I am still amazed that it is legal to do

LFX Trading Proverbs

You can see how it trades in that video because each of those colored triangles are a trade. It is also covering 1 month of trading, probably the only month with positive results, which just so happens to coincide with Brexit. Lastly that is the ...

Trillionaire EA

In almost every situation, suddenly wider spreads are based on news releases.

An example of how to burn accounts

Came across these on FB the other day. Seems appropriate for trading. image image image

LFX Trading Proverbs

Depending if I want the person to actually know what I do, I either say I am a Day Trader or I am a Graphic Designer. It is quite common to work from home in America, so it is not embarrassing to say that. It is also common to just "be" home since ...

Day Trading from Home Psychological Support

5M chart > 200 / 5 = 40 15M chart > 40 / 3 = 13.3 30M chart > 13.3 / 2 = 6.66 5M chart > 400 / 5 = 80 15M chart > 80 / 3 = 26.6 30M chart > 26.6 / 2 = 13.3 I always recommend using a 30M chart to "design" your strategy. Then convert it to the time ...

May die trying to get this right... but never give up...

To narrow down AUDJPY you first right click on it from Market Watch, then click Specification and see what your margin percentage is. Divide that number by 50, if it is like mine. That is your number for column D. Since you only want to trade 1% of ...

How is the pip value of the crosses calculated?

No problem. I thought I read you knew how to use excel, so you need this number. Okay then. To determine price per lot, I use: =ROUNDDOWN(((C324*D324*1000)+4),2) C is the formula I gave you. D is the percent margin required to open a position +4 is ...

How is the pip value of the crosses calculated?

If you want to make something in excel, you might want to use this code in your calculations. You can make it automatically update by going into mt4 / Tools / Options / Server and click Enable DDE. Then install the code to a column in excel and ...

How is the pip value of the crosses calculated?

This spreadsheet will automatically show you Stop Loss and Take Profit. file

calculator for TP and SL

Can't go wrong having friends that understand your trading passion.

LFX Trading Proverbs

Hello. That post is over 2 years old with something I do not use. I have no idea what the settings were, but certainly they were not default. I do not use default settings. Default settings are whatever the person who coded the indicator decided to ...

LFX Trading Proverbs

Hello. I use popup and audio alerts to allow me to trade more casually. I designed one alert to tell me to look at the chart and determine if I want to adjust my stop and let it determine my profit. I have another alert that tells me when a ...

Is this the reason why you don't want to share your Holy Grail?