Knowing myself I probably have used “2-minute Warning” as a title at least once already.
Martin Lee Gore subconsciously has been writing Forex trading theories disguised as songs; at least as far as Little 15 or the 2-minute Warning goes.
Mike Maroon is a pair of 135 EMAs (highs & lows).
Displaying it can help you understanding the gear the market is in.
If it does go back to Mr. Maroon, then it is in second gear; and if it does not even reach to the 3-minute LEMA, then you have a 2-minute Warning: selling in 3rd gear.
As far as 3rd gear goes, it is commonly known that it is darkest before the dawn.
I call this the Darkest Hour. DH. Not DM.
It only shows up on 15 minute. It would be beaten briefly. Likely.
…and it goes a little something like this:
for (j=0; j<=1000; j++){
if ( RSI2[j]<5 && RSI8[j]<15 && stoch[j]<15 ) {
summup=0;
for (i = j; i < 1000; i++) summup += ufcount[i];
if (summup>2) {
ObjectCreate(“txt 6″+j, OBJ_TEXT, 1, Time[j], 40);
ObjectSetText(“txt 6″+j, “DH”, 32, “Arial Black”, White);}}
if ( RSI2[j]>92 && RSI8[j]>92 && stoch[j]>88 ) {
summdn=0;
for (i = j; i < 1000; i++) summdn += dfcount[i];
if (summdn>2) {
ObjectCreate(“txt 6″+j, OBJ_TEXT, 1, Time[j], 80);
ObjectSetText(“txt 6″+j, “DH”, 32, “Arial Black”, White);}}
}}
…
I know, I could have used while loops to save some run time, but currently I don’t feel hard pressed.
