This indicator is very effective and manages to show the direction of the trend. I created it myself. I relied on the DONCHIANS on 3UT.
I used midline of the 3 timeframe. The small line is that of the small timeframe and so on.
To enter the postion I have to wait until the three are very tight to be a range and then I wait for the small white line to cross the magenta line towards one direction and for the big one to be on the opposite side.
The example in the picture explains everything. the STOPLOSS is tight and placed above or below the thick line is a ratio of 1/10.
Tried it and make your improvements.
I used midline of the 3 timeframe. The small line is that of the small timeframe and so on.
To enter the postion I have to wait until the three are very tight to be a range and then I wait for the small white line to cross the magenta line towards one direction and for the big one to be on the opposite side.
The example in the picture explains everything. the STOPLOSS is tight and placed above or below the thick line is a ratio of 1/10.
Tried it and make your improvements.
