HUNT 3.0 and Banana V8.0 Has Arrived [BETA]

[immy]

Further updates to the Banana Indicator 

Now we are able to Eliminate some more low-quality or incorrect signals. 

Less manual intervention means the scale has been pushed a little further towards no user intervention, more objective signals. 

Look at this DAX H1 chart... on the left, you have signals within the sideways market. We don't want them right? 

Gone! 

The Code will not check if the last 3 candles are impulsive or at least some sort of move. 
https://www.screencast.com/t/p5EGPw5B9k

This is the chart of NAS100 today. We traded the First signal 1 and then 2. and after that, we did not need any signals. The Context was wrong. So why show those signals? GONE 


https://www.screencast.com/t/mLxaqXarXShQ


Some more examples 

EUR/USD  This signal is just not what I will ever take. It's inside a sideways market. GONE

https://www.screencast.com/t/57fzJIkJt


I will not take these signals, so why should I spend time analyzing these? GONE

https://www.screencast.com/t/q0F6R2ljs


These signals are not correct... why show them on our charts? GONE 

https://www.screencast.com/t/am2tdH9p1


 

[vickyp]

Have just upgraded to the lastest version.
Appriecate all these updates. Thanks for putting in the time for us all.
 

[mingyuliang]

Hi @immy,
"If it's a tight trading range, I will wait for a breakout with a Trend Candle and drop to m5 to trade a break and retest signal"

when the H1 breakout occurs, do you wait for the H1 Trend Candle close,then drop to m5 to trade the banana signal?

Thanks
Milo
 

[immy]

Hi @immy,
"If it's a tight trading range, I will wait for a breakout with a Trend Candle and drop to m5 to trade a break and retest signal"

when the H1 breakout occurs, do you wait for the H1 Trend Candle close,then drop to m5 to trade the banana signal?

Thanks
Milo
 

 

Hi Milo
sorry for the late reply. Yes, because I only check h1 chart at the top of the hour. I don't want to be checking h1 charts every minute. 

hope it makes sense 

cheers 

[mingyuliang]

Hi @immy,
can the same concept be used for W1/D1 of US stocks?
ex: when we see a trend bar on the weekly chart of AAPL, drop to daily chart to look for a banana signal.

Thanks,
Milo

 

[immy]

Hi @immy,
can the same concept be used for W1/D1 of US stocks?
ex: when we see a trend bar on the weekly chart of AAPL, drop to daily chart to look for a banana signal.

Thanks,
Milo

 

 

Hi Milo

Great Question. And the Answer is absolutely YES.