GG-RiverFlow

Hi erekit,

 

There will be no "hang", if you have enough data for all timeframes (M1...D1). You need 150 bars at least for each timeframe.

There are 10 Squares under each time frame.

Frame 0 through 9 represent Moving Averages on the CLOSE price as follows:

ALL Moving Averages (MA) are Exponential

0 = MA 2 Shift 0 compared to MA 2 Shift -1

1 = MA 3 Shift 0 compared to MA 3 Shift -1

2 = MA 5 Shift 0 compared to MA 5 Shift -1

3 = MA 8 Shift 0 compared to MA 8 Shift -1

4 = MA 13 Shift 0 compared to MA 13 Shift -1

5 = MA 21 Shift 0 compared to MA 21 Shift -1

6 = MA 34 Shift 0 compared to MA 34 Shift -1

7 = MA 55 Shift 0 compared to MA 55 Shift -1

8 = MA 89 Shift 0 compared to MA 89 Shift -1

9 = MA 144 Shift 0 compared to MA 144 Shift -1

If Shift 0 is Greater Than Shift -1 then Green for UP

If Shift 0 is Less Than Shift -1 then Red for DOWN

If Shift 0 is equal to Shift -1 then Yellow for FLAT

Not sure how the author supposed the use of this indicator but in my opinion it could be used as follows.

Select a single currency pair and place the indicator on the chart.

NOTE - The indicator defaults to display on the left side of the chart. If you change the CORNER value from 0 to 1 then it will display on the right side of the chart (my preference). You can chage it in the code or edit the properties.

Sit and watch the price action PA and note the colors of the indicators for the various time frames. If you are scalping then use the 1 or 5 minute charts.

The trick to the use of any indicator (in my opinion) is to "feel" the PA. Watch it and you will begin to get in sync with the currency pair. Watch the movements and pay close attention to the RiverFlow. If you're on the 1 minute chart then your attention should be focused on the M1 column of the RiverFlow. In due time you will feel the PA and begin to sense when the Price will move UP or when it will move down. That is when you are ready to enter a trade IN A DEMO ACCOUNT. If you are right then the moment it becomes profitable then EXIT. Take your 1 PIP and wait for the next trade. This may sound a little too cautious but it is better to take 1 PIP and run then to watch it reverse and take away 10 or 15 PIPS out of your account. In due time you will get more confident with the tool and garner more than the 1 PIP. Walk for awhile before you try to run. Patience and learn that the market will ALWAYS come back to you for another trade.

Best of luck with your PIP gathering.

Gedws49

favoured111 wrote:
Thanks for making this available.

Please I also need the manual. kindly send to [email protected]