I will get started with trend...
We need to have a clear trend definition in order to be confident to take any trade, be it trend or countertrend trade...
I will be using a 5 min chart and a 1 min chart for this aproach...
The 5 min chart help us to see the big picture, the 1 min takes us to the "specifics" of our trade...
So I will start with the 5 min chart showing how we determine trend there...
My 5 min chart its very simple, on the price pane we only have 3 lines...
This three lines are :
adxvma6_16 bar (40) (blue)
adxvma6_12 bar (4) (green)
tlomi non lag ma (9) (yellow)
Now, we have a trend definition acording to how this lines are alligned between them...
The allignment will tell us the quality of our trend...
We will have
NET and
REFRESH quality of trend..
NET = all lines large, medium and small alligned on the trend direction..
REFRESH = small (yellow) line between medium and large lines, wich means that trend may be refreshing to the axis line (large line) or eventually it will resume net trend...
This organization its key to keep us simplified... continue on nest post... cheers Walter.