Steve's Multi AIMS Levels

Here you can ask questions about All the Indicators that we Use.

- AIMS Box Indicator previously AIMS Levels
- AIMS Gator previousl AIMSiGator
- AIMS Entry Alert
- AIMS Wave - aka AIMS AO
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gnanos
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Joined: 13 Jan 2012, 01:38
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Steve's Multi AIMS Levels

Unread post by gnanos »

Please advise how you incorporate the Multi AIMS Levels in to the AIMS setup.

Thanks,
George
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snorm
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Joined: 13 Aug 2011, 22:57
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Re: Steve's Multi AIMS Levels

Unread post by snorm »

gnanos wrote:Please advise how you incorporate the Multi AIMS Levels in to the AIMS setup.

Thanks,
George
Hi George

the primary purpose is to highlight when the M5 levels are within 5 pips (default) of the M1 levels - a coloured box will appear when this is the case. The idea is (when there is a good setup) to place your PO outside of the M5 levels, rather than M1.

Additional benefits are derived by seeing the levels of the higher timeframes and being able to spot multiple timeframe levels converging, potentially providing strong breakout levels. Higher timeframe levels can also provide great targets, when in a trade, and show levels of support and resistance. You might want to consider placing POs outside of the higher levels when they are, like the M5, within 5pips of the M1 levels.

cheers
Steve
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