Stretch indicator and Damiani Volameter Forex Volatility Strategy
This works on a high timeframe such as 30 minute or 1 hour. THis is applicable to any currency pairs.
“The Stretch is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller.
It represents the minimum average price movement/deviation from the open price during a period of time, and that value is used to calculate breakout thresholds
for the current trading session.
This can be used to plot a multitimeframe breakout channel.
This indicator is used to measure the movement deviation.
Forex Indicators:
- Stretch indicator (10, 12, period);
- Golminer 2 indicator (ssp 7);
- Damiani Volameter setting default;
- Nina StepMA_Stoch setting default;
This indicator signal arrow can be changed with another. It ‘s just an example. The important thing is to demonstrate how Damiani volameter Stretch indicator and work well together,);
Daily Pivot.
Buy Entry:
- Nina Step Stochastic indicator Arrow Blue;
- Damiani Volameter 3.2 green line is greater than the grey line;
- Gold Miner 2 aqua color;
- Green bars of Stretch indicator is greater than MA period.
Sell Entry:
- Nina Step Stochastic indicator Arrow Red;
- Damiani Volameter 3.2 green line is greater than the grey line;
- Gold Miner 2 red color;
- Green bars of Stretch indicator is greater than the MA period.
You can exit position at the pivot point level.
Profit Target predetermined that depends by time frame and currency pairs;
Initial stop loss at the previous swing.
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