Thursday, February 23, 2017

AO filter examples

I don't trade the Asian session but applying system with AO filter. X = no trades tick = valid set ups.

Reading between the lines with either cross or ticks. From left to right would be:

- cross far left, higher low, 3 bar buy signal, above ma but AO blue so no buy. There was 1 gold candle and AO bar but no valid entry and then AO went blue again.
- tick far left, lower high, 3 bar sell signal, below ma, AO blue price trades below the set up candles (which have little/no lower wicks)
- tick middle, higher lows, 3 bar buy signal, above ma, AO gold price trades above set up candle (little upper wick)
- cross right, blue AO so no buys, price above ma so no sells with blue AO
- tick right, lower high, 3 bar sell signal, below ma, AO blue price trades below set up candle (little/no lower wick)

Hopefully this gives clear picture.



No comments:

Post a Comment