Testing Indicators
Ladies & gentleman;
I would just like to share some research I've been doing to seek out the ideal strategy & style for my trading (aiming to refine & perfect my system);
Basically I replaced the AO in favor of the standard traditional MACD Histogram (12, 26) (just without the 9-period SMA signal in here). I couldn't properly configure the settings of the AO to perfectly match the 9-period MA & 42-period EMA curves in the chart that's the reason. (In MetaEditor, the codes of the AO are different & displays the histogram differently when the values are tweaked to try to match the MACD-Histogram (12, 26).)
The other traditional-MACD (12, 26, 9) is fine & still remains as it is.
The Ichimoku-Cloud is actually basically a 50/52-period MA/EMA. (As a whole.)
I replaced the standard Candlesticks with Heikin Ashi Candlesticks because it indicates a trend clearly; (plus also notice how it signaled the bullish & bearish trends early in this chart ).
Last but not the least; I replaced the Ichimoku's Tenkan-sen 9-period EMA & Kijun-sen 26-period EMA in favor of the standard 9-period SMA & 42-period EMA; the intention is to get both 9 SMA & 42 EMA to match/align perfectly with the MACD Histogram (12, 26).
My MT4 trading terminal in actual is slightly more complex though; because it has several more indicators like currency strength meter, trend & strength meters, buy/sell signals based on various-MAs, MACD, BB, Stochs, RSI, CCI, ATR, & ADX, & another type of indicator-system that generates wave patterns as trend changes. (Not shown in here.)
This is just my developing-system for my trading.
Best regards.
I would just like to share some research I've been doing to seek out the ideal strategy & style for my trading (aiming to refine & perfect my system);
Basically I replaced the AO in favor of the standard traditional MACD Histogram (12, 26) (just without the 9-period SMA signal in here). I couldn't properly configure the settings of the AO to perfectly match the 9-period MA & 42-period EMA curves in the chart that's the reason. (In MetaEditor, the codes of the AO are different & displays the histogram differently when the values are tweaked to try to match the MACD-Histogram (12, 26).)
The other traditional-MACD (12, 26, 9) is fine & still remains as it is.
The Ichimoku-Cloud is actually basically a 50/52-period MA/EMA. (As a whole.)
I replaced the standard Candlesticks with Heikin Ashi Candlesticks because it indicates a trend clearly; (plus also notice how it signaled the bullish & bearish trends early in this chart ).
Last but not the least; I replaced the Ichimoku's Tenkan-sen 9-period EMA & Kijun-sen 26-period EMA in favor of the standard 9-period SMA & 42-period EMA; the intention is to get both 9 SMA & 42 EMA to match/align perfectly with the MACD Histogram (12, 26).
My MT4 trading terminal in actual is slightly more complex though; because it has several more indicators like currency strength meter, trend & strength meters, buy/sell signals based on various-MAs, MACD, BB, Stochs, RSI, CCI, ATR, & ADX, & another type of indicator-system that generates wave patterns as trend changes. (Not shown in here.)
This is just my developing-system for my trading.
Best regards.
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