Getting High

When dealing with indicators, there’s always the question, are you even looking for the right thing?

Nothing personal against Barry Taylor. In his latest video from 9:40 he talks about the Euro and he has no turning signals, none of the 3 he is using, i.e.: bullish divergence, exhaustion sell, flash pattern.

I have been having good success with Money Flow divergences / turn projections and this weekend I invented some 4H MFI plots.

The thick green below is a complete Wrap of Money Flow.

I believe this divegence is the equivalent of what was printed at the top.

And this seems like a really strong signal, not in terms of being an exact top or exact bottom, but from the view point of these points not getting exceeded for quite some time, they are the origin of a new money flow trending move.

Time will tell if was monitoring for the right signals.

     if ( RSI2[i+1]<8 && RSI2[i]>8 && RSI2[i]<70 && MFI[i]>10 && iFractals(symbol,0,MODE_LOWER,i+1)){
            ObjectCreate("OPUS"+IntegerToString(i),OBJ_VLINE,indicator_window+1, Time[i+1], 0);
            ObjectSet("OPUS"+IntegerToString(i),OBJPROP_COLOR,clrGreen);
            ObjectSet("OPUS"+IntegerToString(i),OBJPROP_WIDTH,13);
            ObjectSet("OPUS"+IntegerToString(i),OBJPROP_BACK,1);     
     } 
  
       if ( RSI2[i+1]>90 && RSI2[i]<90 && RSI2[i]>30 && MFI[i]<-5 && iFractals(symbol,0,MODE_UPPER,i+1) && High[i+1]==iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,7,i+1)) && iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,20,i+1))==iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,40,i+1)) ){
            ObjectCreate("OPUS"+IntegerToString(i),OBJ_VLINE,indicator_window+1, Time[i+1], 0);
            ObjectSet("OPUS"+IntegerToString(i),OBJPROP_COLOR,clrCrimson);
            ObjectSet("OPUS"+IntegerToString(i),OBJPROP_WIDTH,13);
            ObjectSet("OPUS"+IntegerToString(i),OBJPROP_BACK,1);     
     }