Review
Before you use this indicator you must understand how it work as I told you before... the program on machine calculate faster than human. The purpose of this indicator is to find the best timing to enter the market. The overview is sentiment and psychology on market, the war between Buyer and Seller.
It base on the last 2 or 3 candles formation. You can refer here ---> http://bluedreamfx.blogspot.com/2009/03/story-behind-candle-part-3.html
What I mean by correlation on this indicator
Correlation must relate to at least one 'QUOTE' and one 'BASE' from the other pairs.
For example :
If (EURUSD up) And (GBPJPY up) And (EURJPY up) then EURJPY is said to be correlated up because the changes synchronized with Quote and Base currency from another pairs.
If (EURUSD up) And (GBPJPY up) And (EURJPY up) then EURJPY is said to be correlated up because the changes synchronized with Quote and Base currency from another pairs.
As result we get 'up',' dn', 'BUY', 'SELL' signal referred as correlated signal. '*' and '**' as uncorrelated signal.
Where 'BUY', 'SELL' and '**' indicate that the formation of last candles seems like entry pattern while 'up', 'dn' and '*' is just continuation pattern.
Whats new
1. As I mentioned before... the sign of Risk Aversion or Risk Appetite by 'Yellow Arrow'. Refer here ---> http://bluedreamfx.blogspot.com/2010/01/risk-aversion.html
2. The double star '**' uncorrelated entry pattern or formation.
Download Link
1) FullHouseEx2Plus
2) MTF candle time and mq4 source (feel free to modify it for your convenience)
*******************************************************
How to use :
In order to get the valid signal, for the first run of this indicator,
please update UJ, EJ, GJ, EU, GU and EG from m5 to mn1.
*******************************************************
1) FullHouseEx2Plus
2) MTF candle time and mq4 source (feel free to modify it for your convenience)
*******************************************************
How to use :
In order to get the valid signal, for the first run of this indicator,
please update UJ, EJ, GJ, EU, GU and EG from m5 to mn1.
*******************************************************
Little bit about history/evolution
I've created many indicators just like any other indicator, using formula or combination of formulas to give RED BLUE signal but this one for me is unique. The RED BLUE signal will became unusable or irrelevant as the biggest scenario of market changed. For example the Weekly Time Frame change from trending to sideways market the RED BLUE signal will no longer give valid signal. But 'the story' will never expired because 'the story' is not signal. It just tell what's happen on the market at the moment.
This 'story' has evolved three times.
1. Fractal BBF indicator - List down 72 probabilities of candles formation. Reference : http://bluedreamfx.blogspot.com/2009/03/story-behind-candle-part-2.html
2. MarketSentiment indicator - Focus only on entry and continuation patterns. The 'story' still very noisy. Reference : http://bluedreamfx.blogspot.com/2009_02_08_archive.html
3. FullHouse indicator (the latest evolution) - Filtered with Multi Pairs in order to get the real sentiment.
Future Expansion
I might expanse this project to add AUD, NZD, CAD and CHF currency in future, but first I have to do some observation on the current version.
2 comments:
Hi. Just came accros your blog. Look interesting.. going through all the post now. Btw, if you upload your pictures on .png format (including your top logo... im sure everything will look smooth and sleek. Also faster loading because of it's smaller size.
ok thanks. i'll try later
Post a Comment