Every indicator is great. But thing is it may not suitable to your trading style. Market is never wrong, wrongs or right are those who try to predict it.
Just go with flow. Try to use MACD and ADX . hen both positive only play long when both in sell only play short.
I have seen complicated afl one I have which have more then 1000 lines. But that gives just fancy look but not guarantee of profit. Check attached image. These two afl are different but check the buy sell and green red bar which are almost at the same time. Peoples just try hard to search for holy grail just to satisfy them self. The main motto is to earn.
johnny
Just go with flow. Try to use MACD and ADX . hen both positive only play long when both in sell only play short.
I have seen complicated afl one I have which have more then 1000 lines. But that gives just fancy look but not guarantee of profit. Check attached image. These two afl are different but check the buy sell and green red bar which are almost at the same time. Peoples just try hard to search for holy grail just to satisfy them self. The main motto is to earn.
johnny
Dear Johnny sir,
These following line can use for macd and adx
_SECTION_BEGIN("Vol-Trend");
uptrend=PDI(20)>MDI(10)AND Signal(29)<MACD(13);
downtrend=MDI(10)>PDI(20)AND Signal(29)>MACD(13);
Plot( 20, /* defines the height of the ribbon in percent of pane width */"",
IIf( uptrend, colorGreen, IIf( downtrend, colorRed, 0 )), /* choose color */
styleOwnScale|styleHistogram+styleThick|styleNoLabel, -0.5, 100 );
Plot( 21,"",colorBlack,styleOwnScale|styleArea|styleNoLabel,-0.5, 100 );
uptrend=PDI()>MDI() AND MACD()>Signal() AND (ADX()>20);
downtrend=MDI()>PDI() AND Signal()>MACD();
_SECTION_END();