Thanks but it give so much wrong signal
This is a discussion on AllAbsoluteStrength within the Trading tools forums, part of the Trading Forum category; Thanks but it give so much wrong signal...
Thanks but it give so much wrong signal
This indicator is very advanced and it can use Levels Mode as Standard OverBought/OverSold (same as before), StdDev Bands and High/Low Channel/ and many mmore feature.
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Just an example about how to use this indicator to evaluate the market condition.
bullish (Bull market) :
bearish (Bear market) :
ranging (choppy market - means: buy and sell on the same time) :
flat (sideways market - means: no buy and no sell) :
correction :
correction in a bear market (Bear Market Rally) :
It depends on the settings, and I explained you how to use this indicator (on my previous post) - this is market condition indicator. This is not indicator for signals to buy or to sell. Market condition means: we know when bullish started and when finished, when correction was started and finsihed ... and we can 'predict' some future market condition if we will understand the price action for example.
You uploaded good images but you do not know how to interpret them.
lion of gail,
May be - you forgot - I am same newdigital which worked for tsd forum since 2005 ... so I know all "your stories" about salaries etc please do not make me fool with it one more time.
About Ichimoku ... we are talking here about AllAbsoluteStrength, not about Ichimoku. As to Ichimoku and signals so - read this thread Ichimoku as Ichimoku signals are fully explained there with few new indicators uploaded.
I explained to you how I am using this indicator here. Maty be - some traders are usibng it for signals but I am using fior market condition evaluation (and I used old version for many years for evaluation of the market condition).
About your first image on this post - images are good ones but you are using wrong settings of this indicator.
example :
and you made wrong marking and wrong settings here :
because 1 is bearish (downtrend)
your "2" is not " ... your "2" should be separated on to 2, 3, 4 and 5 :
2 is bear market rally/correction
3 is flat
4 is bearish (downtrend)
5 is rally/correction
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