The Limbo

This is a recent find thanks to my search for an objective answer even during increased volatility.

Buying and selling do not behave the same way – perhaps because of the draft present in one direction.

A buy is good for 3 touches (or good attempts) on the upper 30-sample BB.

Whilst the sells seem to last only to the MFI going below 15 – without a break at the 80-line (brown) of course.

The limbo is what they do with the MFI below 8. After the first hourly close, there are another 15 pips of a tolerated zone that they must buy if they are serious.

Taking out the Limbo candle’s high without going below its close by 20 pips is a buy – for a thrust or for 3 failures at the BB.

if ((MFI[i]<2 && Low[i]>L80p[i]) || (MFI[i]<8 && Low[i]<cover[i]+100*Point && Low[i+1]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i+1) ) ){
          ObjectCreate("MINUS"+IntegerToString(i),OBJ_VLINE,2, Time[i], 0);
            ObjectSet("MINUS"+IntegerToString(i),OBJPROP_COLOR,clrTeal);
            ObjectSet("MINUS"+IntegerToString(i),OBJPROP_WIDTH,10);
            ObjectSet("MINUS"+IntegerToString(i),OBJPROP_STYLE,STYLE_DOT);
             ObjectSet("MINUS"+IntegerToString(i),OBJPROP_BACK,1);
            if (MFI[i+1]>6){ ObjectCreate("MINUSZ"+IntegerToString(i),OBJ_TEXT, 1, Time[i],25);
            ObjectSetText("MINUSZ"+IntegerToString(i),"Buy: "+DoubleToStr(NormalizeDouble(Close[i],4),4)+"-", 16, "Impact", clrGreen);
        if (Close[i]>L80[i])  {  ObjectSetText("MINUSZ"+IntegerToString(i),"Limbo: "+DoubleToStr(NormalizeDouble(Close[i],4),4)+"..."+DoubleToStr(NormalizeDouble(Close[i]-150*Point,4),4), 16, "Impact", clrBlue);
                            ObjectSet("MINUS"+IntegerToString(i),OBJPROP_COLOR,clrBlack);}

            
             }
      }

Album #37 is out.