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let me see Pyenner what your first vague idea its all about... you have a very strong midline (magenta line ) it is a line in the sand... we could say that she represents some kind of center of all action and from that line we could expect centrifugal or centripetal action... |
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Think of that 1 min chart as being zoomed way out.
Those are 5 min ladders you are looking at, the last one has an icon look.
This is about trading the spaces between 5min ladders. Joining the dots between the bigger trades, scalping the inward swings.
Each chart timeframe has its own progressively larger "sawtooth" and time frame that its ADX is using, the longest one there is 16 min and its sawtooth covers most of the price range of that chart. When the 16Min line is a strong flat it is telling you that it is near the centre of its current sawtooth range.
Now that range is dynamic and it will usually be slowly shrinking and as it shrinks it becomes more sensitive to recent price movements. The ADX gets a little more restless as time goes on and nothing much happens, it wants more and more to start going places. An ADX line will only stay rock steady if it gets a continuing sawtooth or wave to keep its range adjusted to that size of sawtooth. Thats a side issue but I see it happening in that chart as time passes, so I mentioned it.
If the price gets towards the top or bottom of the 16 min sawtooth levels it will start the 16 Min line turning towards an outward break. But near the start of that chart was the weekend step which has tended to fix the 16 Min flat line near the middle of the chart. Provided the price swings within that range, and about the 16 min line, it will tend to be stable and you can buy the dip back up towards magenta 16 min line and sell the peak back down towards magenta.
It is the centre of a swing range so long as there is no outward break and with a "growing restless" factor over time.
As time passes, the 16 min line gets restless and becomes more mobile, starts to follow the final upward trend.
Now those smaller trades have the 16 min line as their price target but as you see, most times it takes a couple of attempts to get there and sometimes it shoots straight past the price, but it is handy to have a swing centre and a swing range for scalping inwards towards the centre.
One way to fill in the time waiting for a 5 min icon move to come up.
So I see some use for unusually slow VMA lines as well as a need for some faster than 1 min lines. Maybe the middle parts of a vma line fantail have other uses as well.
Maybe that got closer to the ballpark.