hiya i am really enjoying your indicator, just wondered where i could find a full explaination of how to use it? i have a question, where you have the pink dots and then the green arrow if straight after that you had some blue dots form in line with the pink ones, what that tell you exactly?? many thanks in advance cheers
mortdiggiddy
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@markcrypto_knight, The dots represent a velocity slowdown, and possible trend change. It means that the current change of the moving average (velocity) is less than half of a standard deviation by default (the squeeze trigger is 0.5 by default).
markcrypto_knight
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@mortdiggiddy, ok thanks so much for the reply. So if the dots change colour like if there are all pink in a row and then you get a blue one next to it and still under the price action does the change in colour indicate anything? BTW i think you have created an awesome indictor . Thank you so much for sharing
mortdiggiddy
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@markcrypto_knight, Not much I would just focus on the actual trend changes to be honest, the velocity squeeze idea was just a last minute add on and won't help you much in making decisions.
markcrypto_knight
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@mortdiggiddy, cheers thanks so much for your help , much appreciated
mortdiggiddy
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Combine my Fisher Transform indicator to buy/sell pullbacks within the overall moving average trend. I like to use donchian channels with the fisher transform to show high quality pullbacks. Exit criteria to even consider getting out with be a touch of the fisher-donchian channel on the opposite side. The immediate target for a trade can always be the opposite side of the keltner band at the time the trade was initiated.
bobbertoswald
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@mortdiggiddy, Did you change your fisher transform indicator? Mine looks nothing like yours. I cant get it with the donchian channels to show in settings.
mortdiggiddy
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@bobbertoswald, Custom version that I use, not published.