I use the MacdBB to identify trend changes [turning points] this month is crucial, as, the MacdBB ball has crossed the mid-point of the BBands. Once we close this month, that will be a long term buy signal.
The one thing that bothers me is the Waterfall Effect of equities and of the Eur/Jpy. I use the momo counts and Td sequential to determine reversals. The rule is that if the market bottoms, a buy signal is generated once market closes above the 4th preceding candle of the signal candle. Well, as you can see that is above 160. I don't see that happening anytime soon.
I am transitioning to Ninjatrader so please have mercy on me with the MT4 charts lol I also do not have the macd bb coded for Ensign.
The one thing that bothers me is the Waterfall Effect of equities and of the Eur/Jpy. I use the momo counts and Td sequential to determine reversals. The rule is that if the market bottoms, a buy signal is generated once market closes above the 4th preceding candle of the signal candle. Well, as you can see that is above 160. I don't see that happening anytime soon.
I am transitioning to Ninjatrader so please have mercy on me with the MT4 charts lol I also do not have the macd bb coded for Ensign.