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Posts made by Denim
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"Right Price" Targetposted in Questions & Answers
Hi everyone. I am new to this interesting world of FXDREEMA. I wanted to ask: Does anyone know of a method to understand what is the "right price" or price to which it tends to return within hours or a day of a currency? Let me explain better, a person showed me without revealing the code with which he produces this indicator, a price line that changes every hour or so which he calls the "right price" because when the price tends to move away up or down it has calculates the moment with two lines where when it gets to that "resistance" and goes back below, issues a sell order targeting the "right price" line. And so also in the opposite direction. I imagined it was a straight ema of 150 or 200, but that's not the case. It is a weighted average price towards which the cross frequently crosses it upwards and downwards. Does anyone have any idea what it could be? Thanks in advance, and sorry for my bad English.