MT Price action EQ HTF

Originally from ticket #3394.

Is there a video for MT Price action EQ HTF? How to interpret?

*********************************************************************************************************************************************************************

No video yet for that one but:

"The Price Action EQ HTF Indicator Plots 10 timeseries with colour blocks, green, red and cross for doji. Designed for 5Min Forex, Futures, 24/7 Session template. Place on chart less than 10Min - will plot 10 series 1 to 10, 1 = current chart, 2:10, 3:15, 4:30, 5:60, 6:120, 7:240, 8:360, 9:720, 10:1440"

http://www.indicatorstrategies.com/price-action-eq-htf-indicator/

Each row is a dataseries in minutes
So you are examining Price Action on mutliple Higher Time Frames from the primary (5 minute for example)

All green - means all dataseries are green bull candles
All red - means all dataseries are red bull candles
Dots mean Doji...

For example OIL
You need to download minute data for 90 days OIL
Open a chart default 24/7 Minute 5 - 90 days

Place A currentDayOHL indicator on the chart also
Now look left and see the dots color vertical columns and the relationship with price and open of the session template

Investigate the indicator for usage as an entry signal

Long:
1. all go green
2. all green - then mixed then all green

Short
1. all turn red
2. all red then mixed then all red

or use as a bias/filter/ trend indicator
Long Bias = Green
Short Bias = Red

Please let us know if you require further assistance

many thanks

Tom

MicroTrends Support
support@microtrends.co
http://www.microtrends.co/support/

Tip! You can visit the help desk forum to see previous answered frequently asked questions:
http://microtrends.zendesk.com/forums