Version 6: -Lets you choose # of bars to use for historical analysis. Interestingly, I found that stats can change dramatically due to change in market dynamics. You can choose how far back you would like to use. Initially, the smaller timeframes ...

A delicate secret

You are welcome Eamonn! If you get a BULLISH signal, but prices move down, the BEARISH deviation is how far (maximum) that prices have moved before returning to the BULLISH signal. If you get a BEARISH signal, but prices move up, the BULLISH ...

A delicate secret

Someone talked about when you know an average deviation, you could scale in starting from that average deviation. Just for discussion: On the GBPUSD 15min you are biased to the long side, why? Because there are ZERO cleared levels to the upside ...

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It would be difficult to compare brokers, because you would have to have the exact same number of historical bars for each. I could probably be done, but, I wouldn't think any deviation would be significant. Carl

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Version 5: -Added: Largest Open BULLISH deviation -Added: Largest Open BEARISH deviation Carl

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Keep in mind that as your terminal adds bars (to history), your stats may change. *** I have noticed that I have to change timeframes several times to get MT4 to cooperate, and allow for accurate stats. I can't help that. It also helps if you know ...

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Version 4: - added Largest Bullish Deviation in pips. - added Largest Bearish Deviation in pips. - added # of chart bars Carl PS. Sorry I keep throwing new versions out... but, "that's how I roll." PSS. Wait... there was an error. fixing... PSSS. ...

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Yes, that is the obvious evolution of this indicator, among others. Carl

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If you are using different brokers, your chart history will determine your numbers, which probably will be different. Carl

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Great ideas... will work on that. Carl

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The only thing is we are probably not using the method he is using. So, measuring by screen is not relevant, in my opinion. Carl

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I am when I get time. Sometimes my indy writing gets in the way of actual trading. Seems there is a strategy (hedging) here, but have not put my finger on it yet. Carl

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Added a couple of quick new stats... average bars to clear, and max bars to clear. There are some very interesting numbers there. Sorry, if I don't answer all the questions. I'll try and get to them. Carl

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Thanks everyone for the props... makes me want to add more stuff! Carl

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Here is a new indicator... Thanks to mladen for the price action indicator. And, thanks to Tomcat98 for the Delicate Secret levels indicator. I just combined the two, and a couple of semi-interesting statistics mixed in... (tip: load as much chart ...

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Yes, I am. If you look at OD's first chart, he has signal price levels that go THROUGH 2, 3 and 4 bars and that price level. Sorry, that does not make sense to me. So, that target price goes through the next few bars??? Seems arbitrary to me. I'm ...

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EURJPY 5-min chart. Level hit, no other confirming timeframe. These levels that are within the high/low for the day are interesting scalps. Carl

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Just showed up to work this morning and my MTF target for EURJPY hit with an error of the spread. I will continue analyzing, and write an MTF indicator to help display MTF targets. One precise hit does not make this a solid method, but warrants my ...

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The "true" method is the one of the originator of this thread. All others are guessing and/or using experience as you have stated. Carl

A delicate secret