Gleneagles has shared /introduced the toptrend indicator on the thread with settings which are not default settings. He has mentioned the following settings...
1. 15,1
2. 12,1
Used as a trailing stop after suggested TP1 and TP2 are met. These suggested TP1 and TP2 values are documented in the manual (page 13)for 60-15-5 TF and on this thread mentioned to double these values for the 240-15-5 TF.
Introduction of the volatitily stop indicator has not yet been optimised for the MTF TRIX. Nor has it been suggested by Gleneagles. A comparsion of this indicator( volatiltiy stop indicator ) with the default settings has been put on a chart with the default settings of TOPTREND indicator and a conclusion made that Volitity stop indicator is better than the TOPtrend indicator for the MTF TRIX system.
I bit scary to me for newbies seeing this kind of false comparision.
I have attached a chart also showing a comparision of TOPTREND indicator with the two suggested settings by GLENEAGLES and the default settings of this proposed volatility indicator.
To make myself clear..... I am not commenting that one indicator is better than the other.... rather not to come to conclusions without proper proofing.!
http://cdn.forexfactory.com/attachme...1&d=1258091517
a chart where the red and blue dots belong to Volty and the other one is BB Stop with its default settings (20).
http://www.forexfactory.com/showpost...postcount=3459
1. 15,1
2. 12,1
Used as a trailing stop after suggested TP1 and TP2 are met. These suggested TP1 and TP2 values are documented in the manual (page 13)for 60-15-5 TF and on this thread mentioned to double these values for the 240-15-5 TF.
Introduction of the volatitily stop indicator has not yet been optimised for the MTF TRIX. Nor has it been suggested by Gleneagles. A comparsion of this indicator( volatiltiy stop indicator ) with the default settings has been put on a chart with the default settings of TOPTREND indicator and a conclusion made that Volitity stop indicator is better than the TOPtrend indicator for the MTF TRIX system.
I bit scary to me for newbies seeing this kind of false comparision.
I have attached a chart also showing a comparision of TOPTREND indicator with the two suggested settings by GLENEAGLES and the default settings of this proposed volatility indicator.
To make myself clear..... I am not commenting that one indicator is better than the other.... rather not to come to conclusions without proper proofing.!
http://cdn.forexfactory.com/attachme...1&d=1258091517
a chart where the red and blue dots belong to Volty and the other one is BB Stop with its default settings (20).
http://www.forexfactory.com/showpost...postcount=3459