Gbp/jpy

[PipChick]

Originally Posted by TheRumpledOne

GBPJPY hit dynamic resistance twice on the H1 chart.

Hello Rumpled,
Could you tell me what the dots on your charts are? They look very interresting. TY!
Pipchick

[TheRumpledOne]

DOTS:

Blue - dynamic support

Red - dynamic resistance

Salmon - Fib projections 38.2 % and 61.8 % levels based on support/resistance range.

If price breaks out of the support/resistance level, then it usually seeks those Salmon colored dots... If you look back on the chart, you'll see how though levels "predict" where price will go eventually.

The projections are based on the Barry support and resistance indicator. He uses fractals.

The last candle has a red dot at the high. That's my dynamic support/resistance indicator that is based on highs/lows.

[TheRumpledOne]

I turned on the dynamic fib retrace dots.

As you can see, price put in horizontal resistance, retraced 23%, bounced and then retraced 38% before the close.

[PipChick]

Originally Posted by TheRumpledOne

I turned on the dynamic fib retrace dots.

As you can see, price put in horizontal resistance, retraced 23%, bounced and then retraced 38% before the close.

Thanks Rumpled. Interresting indicator.

[PipChick]

Originally Posted by PipChick

Thanks Rumpled. Interresting indicator.

I did a search on your indicators. You seem to be a very good programmer. I downloaded the multi heat.zip along with the heatmap for mt4 and they froze my pc. Am I doing something wrong and would you mind posting them here along with yur dynamic fibs?
Here is a screen shot of the indicators I would love to have if you dont mind sharing....

[4xStar]

You can go to kreslik dot com/forums to find the ones that are available for free. I downloaded the TRO Heat Map, MultiMeterHeat and MultiMeterTrand, also anchorfx-trendmaster and the currency heat map. Those are all the free ones. I had no problem installing them .. did you extract them to your experts>>indicators folder?

Maybe if you got them from another site, not kreslik, try deleting them and re-downloading from the kreslik site.

[TheRumpledOne]

As mentioned before, I only like to post in one place.

That way when I make a change, I only have to update them in one place.

As far as your computer FREEZING, you have to give it time to load. Each arrow or block has to process and that takes time.

Each one of those is like having a chart with an indicator on it.

[4xStar]

Test post, BP kicking back my latest post.

[4xStar]

He also has another indicator he posted elsewhere, I can re-attach it here. It's called the sweetspot and I don't know if it is specifc to the G-Y, but sure looks like it works well on the G-Y chart.

For example, in one of your attached charts, PipChick, you had drawn a trendline & said if price goes below that, could be short signal .. well that tl intersects with a sweetspot line, giving an "x marks the spot" for price (which looks like it is 203.50)

Check it out... I've got these sweetspot lines on the hourly & daily. I am also using maurizio77's 1 x 5 ema cross on the daily bars as that appears to be very predictive as well. The downside cross just occurred on Friday which further suggests a down move for the g-y. Time will tell

BP seems to be rejecting my attachment .. maybe too large as I added the other multiheat files that I got from the Kreslik site .. will try with just the sweetspot files.

[TheRumpledOne]

You have a PM.