query abt two lines
- Thread starter velmont86
- Start date
can anybody plz tell me wat are these two lines (dashed green and red line)
The ones dashed and colored in Green and Red in between are confirmation lines...
If the Red Line stays below the Sell_Signal candle at the time of call then its a strong Sell call.
If the Green Line stays below the Buy_Signal candle at the time of call then its a strong Buy call.
without this condition you enter at your own risk... example sell signal generated but the red line seems to be above the signal candle and you can see the call ended up with a loss....
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For this one...
If the Sell Signal is generated above the Red line with a minimal gap thats a confirmation to SELL.
If the Buy Signal is generated below the Green line thats a confirmation to BUY
rest of the times you can ignore or close [sell / cover] your holdings.
Ex: with the present chart, if there is a Buy you can but you won't follow a Sell since the Sell-Confirmation line is at 416.718 [This should by dynamic]. so once if you see a sell signal at 418 or below near to the mentioned [416] price you can short position.
Other AFLs... Should look into it inorder to parse design
If the Sell Signal is generated above the Red line with a minimal gap thats a confirmation to SELL.
If the Buy Signal is generated below the Green line thats a confirmation to BUY
rest of the times you can ignore or close [sell / cover] your holdings.
Ex: with the present chart, if there is a Buy you can but you won't follow a Sell since the Sell-Confirmation line is at 416.718 [This should by dynamic]. so once if you see a sell signal at 418 or below near to the mentioned [416] price you can short position.
Other AFLs... Should look into it inorder to parse design
Last edited:
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