By using complementary indicators it is possible to generate stronger information and signals. This video discusses Price Equilibrium Clouds (support & resistance), Harmonic Elliott Wave RSI (a sensitive momentum indicator) and Harmonic Elliott Wave (a pure price indicator that generates support, resistance and projections.) In addition to combining these indicators together, the application over multiple time frames will enhance understanding of risk, order (entry and exit) entry and breakdown of a Harmonic Elliott Wave structure.
Great Video!!!!
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Bet regards.
I don't play around with parameters because that's optimising which frankly is only good if you know how the market is going to move next... which we don't. (Hopefully I have an idea where... but the "how" bit can be tricky.) Therefore I use a standard 14 periods for my RSI and 10 periods for the Equilibrium Clouds. The key element is less the indicator parameters and more the application over multiple time frames.
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