Thanks @ValueTracker With so little trading, it is difficult to...

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    Thanks @ValueTracker

    With so little trading, it is difficult to know or be confident in that chart.

    The strength (or weakness) in any individual indicator generally lasts for 2 - 3 bars into the future - then the subsequent bars take over (if you know what I mean).
    So on an hour chart, the power of a primary indicator will only last up to three hours, and a two bar indicator will last for up to 6 hours (tops).
    Following that you need the confirmation in future bars to continue, which will then keep the strength from the original indicator in the background alive.

    That is why I particularly like weekly charts, as when I (finally) see something interesting, it will potentially last for up to three weeks.

    Be careful and try not to transfer an intraday indicator into a daily timeframe.

    cheers
    Last edited by Jako8557: 12/06/19
 
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