came to the same conclusion last night. Looking to see if the present candle is above or below the previous one hour high / low. Obviously other timeframes are applicable.

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have you downloaded the helper file? Indicator will not work with out this file,

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How do you decide / determine what the target line(s) are????

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Agree. I use 3 Indicators to find a good fishing spot.

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Hi Handy148, not yet but will do next when time allows. My experience with TMA is that it lags significantly and curves late so the tops and bottom coincide after the fact. But happy to try.

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Need to be aware of the overall direction. There needs to be a story / narrative to why a trade is entered and it's direction. image Yes I am saying all of this retrospectively. However look at my trades last week and today. I have taken into ...

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Try trading with the indicator using the observation made. By waiting for the 20 SMA to be within a small distance of the SR Lines (Length 120). Also check the overall trend direction as stated previously. HH and LL have a higher risk of failure. ...

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Good pick up handy148 re correlation of the top/bottom two lines. This is the method described by JM Hurst to find cycles within the markets. It is part of the phase analysis. The TMA indicator was coded / made based on JM Hurst method. url

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Whilst there is no specific time period option. The indicator is already multi time frame just change the length. For example if your on M5 chart using length 24. If you want the indicator from M15. 24 x 3 = a length of 72. I use M5 and length 120.

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Dear Reviewers, The indicator does repaint and I have always been wary of this but do believe the indicator is of use. Hence the observations posted based on an expert advisor I have made and continue to test for the reason stated by Darwati. ...

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Agree See posts url url Also this allows for automation.

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Stopping now before it all goes wrong. image Hopefully I can repeat this next week.

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Now for the down trend: LH SR Direction Line, 20 SMA moving towards lines, early entry due to small fakeout to upside and then reversal. image But missed this............... image

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Todays trades: Slightly early on first trade and got nervous. Second trade could feel the stare to keep holding , out slightly early. SR Direction line was a HL and 20 SMA within 3 pips. Vertical lines turned off so trade is visable. image

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Apologies for not replying sooner. I agree with Kaneous. We are all here to learn from each other, so keep posting. Try to incorporate some of the observations shared in the thread that suit your trading style. It is a hard learning curving.

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Thank you.

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Thank you for constructive replies and sense check that i need to remember. Simple is not simple and those that make it look simple are experts...

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This is the problem I have found as well, the rules followed precisely and accurately give ok results but not great. If ONLY the rules generated a 80-90% win rate, so would the expert advisor. However, the method does have merit as shown by Kaneous ...

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As stated we are in an up trend for now and to be cautious of the pullback (short lived and taken out by price so not visual on chart now) as stated to someone in writing, maybe not in the post though. Need to take into account the bigger patterns ...

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me too: image Got out with 5 pips as price stalled. Second entry another 4 pips. image

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