The silver chart suggests three additional "tricks" that might facilitate the successful execution of trades. I'm not going to describe them publicly, but I do want to acknowledge them to help me avoid forgetting about something I tried but that totally failed, OR that totally worked, OR that I totally forgot to test in the first place. They are:
So, in looking at the two points of view together, I ended up with what I'm calling "Power Lines" which suggest when there is a super-high probability that buying a Forex pair will lead to a profitable outcome, or when the statistical odds that selling a pair will likely result in an intraday profit is much, much greater than average.
I found a way to resolve the problems I was seeing in the previous version of this indicator for silver. The top chart is the one from Post #98 and the bottom chart is the one with the modified signal.
When I posted the image in the previous post, I was a bit surprised that my indicator did not register more buy signals on the left-hand side of the chart. Then just now, as I was recording the code in my notebook, I found out why...
In looking at my gold charts this morning, it became clear that there was a better angle from which to come at coding an alert signal indicator. Unlike the one uploaded to Post #98, the arrows below do NOT require additional graphics to pinpoint precise entry levels. The pullback associated with each is pretty obvious to the naked eye.
