| Studies
used in various combinations on monkey charts: |
| |
chart
study |
study
settings |
uses |
| daily chart: |
|
volatility
stop |
9 bars, multiplier 2.5,
on close, orange
|
|
|
moving average |
3 bar to
5 bars, simple or exponential, cyan |
- defines window of
opportunity
|
|
RSI |
7 bars, average
1, grid lines at 70/30 or 80/20 |
|
|
swinglines |
straight
zigzag lines connecting wave highs and lows, drawn by hand or by a
custom script. Price bars sometimes hidden. |
- shows waves defined
by volatility stop for trend analysis (white)
- shows smaller waves
used as entry areas (red)
|
| 3–minute chart: |
|
volatility
stop |
9 bars, multiplier 2.5,
on close, orange
|
- defines wave end for
hand charting and dot trend analysis
- defines entry area
for base trades
|
|
fast moving
average |
3 bar to
5 bars, simple or exponential |
- defines entry window
for base trades
|
|
fast parabolic |
50 maximum,
7 acceleration, close only, purple |
- defines smaller waves
- alternate entry window
- used to color price-bars
red or green
- entry trigger for
basetrades and auxilliary trades
|
|
slow parabolic |
20 maximum,
2 acceleration, close only, white |
- defines smaller waves
- entry trigger for
add-ons and sneak-ins
|
|
RSI |
7/1, red,
color change above 70 or 80 and below 30 or 20 |
- defines boil for exits
- entry signal for auxilliary
trades
|
|
2-day average |
270 bars
on 3-minute ES chart, (adjust number of bars for markets with more/less
bars per day), yellow, sometimes red/green |
- visual cue to beginning
of daily window of opportunity
- component of the 9-day
method
|
|
9-day average |
1215
bars on 3-minute ES chart (adjust number of bars for markets with
more/less bars per day), dark blue, sometimes red/green |
- visual cue to deep
in daily window of opportunity
- alternate way to define
trend
- component of the 9-day
method
|
|
swinglines |
straight
zigzag lines connecting wave highs and lows, drawn by hand or by a
custom script. Price bars sometimes hidden. |
- shows waves defined
by volatility stop for trend analysis (white)
- shows smaller waves
defined by parabolic used as entry areas (red)
|
|
"sensitive"
volatility stop |
9
bars, multiplier 1.5, on close |
- alternate trigger
for sneak-in entries
|
|
Templates
for ensignsoftware |