Confluence Indicator

Summary

The Confluence Indicator was first proposed by Dale Legan in 1998 on the now defunct Omega List. The code that follows is a capture of the Confluence Indicator, as best as we could.

Screen Shots

Usage

The Confluence Indicator, I feel is wrongly named because it is really a strategy that is being developed, and should really be named the Confluence Strategy, but it is what it is, so I won't try to rock the boat on this one. There are 2 inputs to the Confluence Indicator, Harmonics and Triggers. The Harmonics appear to be a cycle dependency, and the trigger appears to be a buy / sell trigger value. Play with the optimizations to get a better feel for what they do and how they react to different market conditions. There is also an aggregate stop value that can increment your stop points for you if you want to try to squeeze out a bit more profit.

Downloads

Confluence Indicator (ELD and Workspace)

Happy Trading!

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   Posted in Forex Indicators, Free Indicators, Futures Indicators, TradeStation Indicators    

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One Response to 'Confluence Indicator'

  1. Forex Indicators - July 11th, 2008 at 6:04 pm

    Hi there , I agree with this article, just sometimes I read so fast everything and I miss things that after read them again, I can understand it better.. ;). Your Confluence Indicator - Free Indicator Downloads - TradeStation, NinjaTrader, MetaStock Blog Stumbled up and Bookmarked, so I keep updated on every article you write from now now on forex indicators.


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