Ira Epstein used to say that the market is always trying to sell you information.

What did I purchase this week?

Something about the importance of the squeeze.

As you remember, I have a plot for a “quick dip” outside the BB120.

This volatility halt signal can flip the directional logic in two different directions based on if the short-term BB30 was violated at once or not.

Given the above, I would call the blue arrow the Volatility Bird that can flip based on short-term volatility-availability (mental images are important to get imprinted deeply).

///prelim blue arrow down
if (i>0 && Open[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && Close[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i) && Close[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && High[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && High[i-1]<High[i] && Low[i+3]<(iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_MAIN,i+3)+10*Point) ) {mode[i]=-1;
    ObjectCreate("Cigar"+IntegerToString(i), OBJ_TEXT, 0, Time[i], High[i]+120*Point); 
          if (High[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_UPPER,i)) ObjectSetText("Cigar"+IntegerToString(i), CharToStr(233), 56, "Wingdings", RoyalBlue); 
          else ObjectSetText("Cigar"+IntegerToString(i), CharToStr(234), 56, "Wingdings", RoyalBlue); 
          royal[i]=-1;
}

if (i>0 && mode[i]<0 && Open[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && Close[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && High[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && High[i-1]>High[i] && Low[i+1]<(iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_MAIN,i+1))) mode[i]=1;
if (i>0 && mode[i]<0 && mode[i+8]<0 && Open[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && Close[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && High[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_UPPER,i) && Low[i+1]<(iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_MAIN,i+1))) mode[i]=1;

///prelim blue arrow up

if (i>0  && Open[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Close[i]>iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Close[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Low[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_LOWER,i)-10*Point && Low[i-1]>Low[i]) {mode[i]=1;
   ObjectCreate("Cigar"+IntegerToString(i), OBJ_TEXT, 0, Time[i], Low[i]-30*Point); 
          if (Low[i]<iBands(symbol,0,30,2,0,PRICE_MEDIAN,MODE_LOWER,i)) ObjectSetText("Cigar"+IntegerToString(i), CharToStr(234), 56, "Wingdings", RoyalBlue); 
          else ObjectSetText("Cigar"+IntegerToString(i), CharToStr(233), 56, "Wingdings", RoyalBlue); 
          royal[i]=1;

}

if (i>0 && mode[i]>0 && Open[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Close[i]>iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_LOWER,i) && Low[i]<iBands(symbol,0,120,2,0,PRICE_MEDIAN,MODE_LOWER,i)-10*Point && Low[i-1]<Low[i]) mode[i]=-1;

I have also received a confirmation for my “double white” signal that manages to catch a top with awesome accuracy.

The importance is that the two independent filters coincide on the same 30-minute candle. The double white on the upside is basically the equivalent of the double gray divergence on the hourly plotted by the Vax.

Now, onto your lesson.

Let me know when the lightbulb comes on.

The crossed-out box is a “false print”; the daily Forex broker close with the expanded spread should be ignored.

If you have concluded that every second soap box, when large (the candle went outside the 30BB), was a buy for a run to the upper 30BB (plus 5 pips normally), you found what was tradeable (while above the 9-day EMA).

Every instrument must be traded based on its own merits. I started with Natural Gas. There were no tradeable fundamentals or technicals; the only thing that truly made the market move was a storage report from the East Coast every Thursday morning. Just because you see candles in front of you that seem familiar, as that is how you plot the data, you do not necessarily know anything about the nature of an instrument until you pick up on its routine motions. I feel sorry for people like him thinking that they can come up with a single method that allows them to trade any given instrument. He falls further into his own trap when he starts laying down restrictive rules. Put a dislike on it!

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I would encourage you to listen to Spot Gamma podcasts to gain a better understanding of market mechanics, such as volume is not the only thing that can stop the price in its tracks, so can volatility.