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2. The 6S has just ended a lovely trend. See how the ADX went above BOTH the DMs and then when it turned down, we see the turning point. A textbook example
Now there is another aspect that can confirm the END TREND. Watch the divergence of the DM with the price action. This has just now happened on the 6E.
I hope that you are all beginning to get a feel of what you see and the price action. Almost everything is just sitting there for you to SEE.
Some kind people have pointed out that I should make a version number when changing the original as posted before. This latest version is the NEW and updated. Please use it.
For the DMPlus indicator, I've changed the period to 5 (suggested setting on the template). Please correct me if I should stay with Default 14. Thank you very much.
Oh, I added a No Trade audio alert to it so that not only seeing the words in Red, it will keep saying no trade LOL!
Yes the period is 5. Did you take the latest ver with the "CHOP" label, and the "Trend End". Nice that you added Audio Alert. I personally do not like it because I am watching about 6-8 charts at the same time, and the alerts makes be go crazy, because I do not know which chart is shouting.
Thanks Perry for your prompt confirmation. Oh, I followed the exact DM setting on the template incl the value to 40 (from default 75). Hmm, I will double-check if I have the most updated version. Thank you.
My audio alerts (except the ones from NJ sounds folder) will tell me exactly which indicator is making "noise". I created the wav files through the following website:
Thanks Perry. I now have the most updated DM indicator. A quick question please. One may consider "End Trend!" as an exit alert and certainly NOT entering a trade in the opposite direction when all indicators are still aligned. Please fill any missing gaps for me. Thank you.
If you put it on a range chart you will see it much clearer. The ADX is only now showing the End trand while on your 5 min chart it is showing far too early in the trade. I suppose that for 5 mion charts we would have to ajust the indicator.
