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G.
#256 Gadi_OBV, Gadi_ADX and the "Killing Zone" concepts based on them - are our
creation and development. Many of the features I can share - some of them I can't.
I already suggested that one of you will open a new thread for this subject, invite others
and me - and I'll gladly contribute to that subject (as long as it doesn't involve
"Trendlines" and MA's).
G.
#257 The "Killing Zone" identification:
Many of you PM'ed me about identifying the "Killing Zone".
Attached is a live example of current situation - waiting for mod_OBV breakout.
The "Killing Zone" is identified after a big move - followed by a sequence of at least 67 bars Up/Down/Up/Down bars.
It doesn't matter what the size of the bars.
A sequence of more than 3 up or 3 down bars mark the end of the "Ranging" or "Killing
Zone".
Once you identify that sequence - mark the top and bottom on the chart.
Mark the same points on mod_OBV.
Trade breakout of mod_obv - even if it is inside the area on the chart.
Although the marked area on the chart is more than 50 pips - the actual price movement
#258 Does anyone here is willing to write an indicator that will automatically draw the
"Killing Zone"?
The parameters are simple:
1. Search within at least 200 bars.
2. Search for a sequence of at least 6 bars (external parameter)
3. End of sequence ("Killing Zone") is at least 3 consecutive bars in the same direction.
(external parameter).
4. mark that area in light red.
Anyone for the challenge?
G.
#259 The "Killing Zone" setup:
I hope you all used the live example in my post
http://www.forexfactory.com/showthre...61#post5970861
I took my +27 pips in 53 minutes.
G.