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Here is a sample (on GBPUSD – highlighted for comparison) of std. Spaghetti (Top indie – calculating movement delta similiar to FXcorrelator) and the other (bottom indie) keeping the delta as is and enhancing/smoothing the end result.
As you can see the bottom indie is more responsive – and that’s the whole point: making it more and more “predictive”.
G.
Setting dynamic levels for OB/OS:
Determine current Highest/Lowest currency and set OB/OS levels as xx% of it.
G.
Can you make a pic comparison between Gadi_Currencies_Diff against yours (preferably same colors for lines and DIFF)?
Hi G.,
I’d like to do so but I can’t find this indicator inside the forum. Can you provide a link?
J.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
Can you make a pic comparison between Gadi_Currencies_Diff against yours (preferably same colors for lines and DIFF)?
Hi G., I’d like to do so but I can’t find this indicator inside the forum. Can you provide a link? J.
It’s somewhere on “Killing Zone” @FF.
I don’t have it anymore, only newer versions.
G.
It’s somewhere on “Killing Zone” @FF. I don’t have it anymore, only newer versions.
Thanks, found it over here: http://www.fyyyfxxx.com/showthread.php?p=6205545#post6205545
Nice one, and a good idea to compare it to ASS_Correlator – see the pic. I included my settings window in the pic, so it should be easy for you to reproduce that. The snapshot is taken from my current WIP version, so you won’t find all of its parameters in the published version, but the math is absolutely the same.
1st view comparison (this is not final!) of Gadi_Currencies_Diff v.3.0 (bottom) vs. ASS_Correlator (top) with the settings shown: all major turning points (see 5 dashed vertical lines) occur at exactly the same bars, while ASS_Correlator is a bit smoother.
Do you use an adaptive final smoothing in your indi? I can’t tell because I have the ex4 file only.
J.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
It’s somewhere on “Killing Zone” @FF. I don’t have it anymore, only newer versions.
Thanks, found it over here: http://www.fyyyfxxx.com/showthread.php?p=6205545#post6205545 Nice one, and a good idea to compare it to ASS_Correlator – see the pic. I included my settings window in the pic, so it should be easy for you to reproduce that. The snapshot is taken from my current WIP version, so you won’t find all of its parameters in the published version, but the math is absolutely the same. 1st view comparison (this is not final!) of Gadi_Currencies_Diff v.3.0 (bottom) vs. ASS_Correlator (top) with the settings shown: all major turning points (see 5 dashed vertical lines) occur at exactly the same bars, while ASS_Correlator is a bit smoother. Do you use an adaptive final smoothing in your indi? I can’t tell because I have the ex4 file only. J.
That @FF version uses the same “Delta” calculation, which is lagging by at least one or more bars.
If you are arriving at the same results – I think that you are doing something similiar, regardless of the “smoothing”.
As you can see from my previous posted screenshot – the latest version is more “predictive” simply by changing the wrong “Delta” calculations.
G.
Simplex,
Here is same pair & TF as your screenshot.
This time I marked the “crosses” (nearest bar when the indicator cross the “0” line) on both Gadi_Currencies and the Spaghetti.
As you can see, The Spaghetti is more responsive by at least one bar, and sometimes more, in almost every case.
G.
It’s somewhere on “Killing Zone” @FF. I don’t have it anymore, only newer versions.
Thanks, found it over here: http://www.fyyyfxxx.com/showthread.php?p=6205545#post6205545 Nice one, and a good idea to compare it to ASS_Correlator – see the pic. I included my settings window in the pic, so it should be easy for you to reproduce that. The snapshot is taken from my current WIP version, so you won’t find all of its parameters in the published version, but the math is absolutely the same. 1st view comparison (this is not final!) of Gadi_Currencies_Diff v.3.0 (bottom) vs. ASS_Correlator (top) with the settings shown: all major turning points (see 5 dashed vertical lines) occur at exactly the same bars, while ASS_Correlator is a bit smoother. Do you use an adaptive final smoothing in your indi? I can’t tell because I have the ex4 file only. J.
Dear Simplex,
Could we possibly play with this one? i.e. DIFF version of yours.
Best regards…
Nothing has ever motivated me more than this...
Could we possibly play with this one? i.e. DIFF version of yours.
Sure, I just have to clean up the code a bit. Please be patient until tomorrow …
s.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
As you can see, The Spaghetti is more responsive by at least one bar, and sometimes more, in almost every case.
Ok – I searched for Gadi_Currencies_Diff following your advice. That’s the only reason why I posted that comparison. When you say that ForexGT_Spaghetti_Diff is superior to Gadi_Currencies_Diff, I would also compare to that one.
Can you tell me where to find ForexGT_Spaghetti_Diff ? My search in Penguin and the rest of the web was not successful.
And by the way: it looks like that very fast version could produce a lot of whipsaw trades. For me it’s a bit hard to interpret.
J.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
I think that very fast version alone could be a bit too ‘nervous’. Using it in conjunction with the moderate tuning posted before could be useful.
Look at this pic: middle and bottom window show Gadi_Currencies v3 vs ASS_Correlator in moderate tuning – like posted before.
The top indicator window shows a faster tuning of ASS_Correlator. Taken stand-alone, it’s whipsawing heavily. When that moderate one is providing mid-term swing information, the fast one could provide good entries in the swing direction indicated.
Example: downswing between those yellow lines, a good short entry at the red line, assuming we missed the first entry about 6 bars earlier.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
As you can see, The Spaghetti is more responsive by at least one bar, and sometimes more, in almost every case.
Ok – I searched for Gadi_Currencies_Diff following your advice. That’s the only reason why I posted that comparison. When you say that ForexGT_Spaghetti_Diff is superior to Gadi_Currencies_Diff, I would also compare to that one. Can you tell me where to find ForexGT_Spaghetti_Diff ? My search in Penguin and the rest of the web was not successful. And by the way: it looks like that very fast version could produce a lot of whipsaw trades. For me it’s a bit hard to interpret. J.
The DIFF indicator is a supporting indicator.
Meaning: you use it AFTER The std. Spaghetti already suggested which Currency-pair to trade and its direction.
So this fact alone removes half the whipsaw.
The other indicator for trading is the TickVolume & Volume – which, combined with the DIFF, will further reduce your consideration about false signals.
The ForexGT_Spaghetti and its derivatives is not available on the web, but I’m willing to help and advise in building similiar one.
G.
The DIFF indicator is a supporting indicator. Meaning: you use it AFTER The std. Spaghetti already suggested which Currency-pair to trade and its direction. So this fact alone removes half the whipsaw.
Alright, that sounds very reasonable!
The other indicator for trading is the TickVolume & Volume – which, combined with the DIFF, will further reduce your consideration about false signals.
Ok, I’ve had an idea about incorporating Volume this morning, not coded yet. Will come back to you about this detail, if you’re interested.
The ForexGT_Spaghetti and its derivatives is not available on the web, but I’m willing to help and advise in building similiar one.
Great offer – thanks for that! You already suggested a Skype session. I’ll send you a PM after my Skype account is recovered. Then I would let you suggest a time and date for a session. Would early next week be convenient?
Best, J.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
Simplex may I have a small request?
If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator? This could result in a small miracle. Only -somehow- I can not do it…
Best regards and thanks for your efforts once again…
Nothing has ever motivated me more than this...
The DIFF indicator is a supporting indicator. Meaning: you use it AFTER The std. Spaghetti already suggested which Currency-pair to trade and its direction. So this fact alone removes half the whipsaw.
Alright, that sounds very reasonable!
The other indicator for trading is the TickVolume & Volume – which, combined with the DIFF, will further reduce your consideration about false signals.
Ok, I’ve had an idea about incorporating Volume this morning, not coded yet. Will come back to you about this detail, if you’re interested.
The ForexGT_Spaghetti and its derivatives is not available on the web, but I’m willing to help and advise in building similiar one.
Great offer – thanks for that! You already suggested a Skype session. I’ll send you a PM after my Skype account is recovered. Then I would let you suggest a time and date for a session. Would early next week be convenient? Best, J.
If you build a Volume indicator – please add MA based on Session avg. (London, London+NY, NY, Asian).
G.
Simplex may I have a small request? If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator? This could result in a small miracle. Only -somehow- I can not do it… Best regards and thanks for your efforts once again…
I already suggested exactly that in previous posts.
G.
Simplex may I have a small request? If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator? This could result in a small miracle. Only -somehow- I can not do it… Best regards and thanks for your efforts once again…
I already suggested exactly that in previous posts. G.
Sorry, I cannot see that…
Nothing has ever motivated me more than this...
Simplex may I have a small request? If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator? This could result in a small miracle. Only -somehow- I can not do it… Best regards and thanks for your efforts once again…
I already suggested exactly that in previous posts. G.
Sorry, I cannot see that…
See Post #7926
G.
Simplex may I have a small request? If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator? This could result in a small miracle. Only -somehow- I can not do it… Best regards and thanks for your efforts once again…
I already suggested exactly that in previous posts. G.
Sorry, I cannot see that…
See Post #7926 G.
This is a very unnecessary discussion. Why? Because a few months ago you were the one to tell me “better use ROC then Delta Currency Multi Power”. (I couldn’t find the post right now)
So, you are the master and I’m in a sense -whether we like it or not- a student of yours. I’ve read a lot of things that you wrote -taught- and internalized your ideas. Now I’m thinking like you. You are the master and I don’t have a problem with that. However, you must acknowledge that other people can think as well.
Sorry if I wasn’t polite enough.
Regards.
Nothing has ever motivated me more than this...
If you build a Volume indicator – please add MA based on Session avg. (London, London+NY, NY, Asian).
Current session or latest finished session?
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator?
@BalrogTrader, please don’t mind if I’m putting this on my B-priority list for the moment. (Maybe somebody else would join in the coding process and provide that feature?
)Our currency strength algorithm is based on ROC of prices, so basically represents the 1st derivative of prices over time. Hence DIFF(ROC) would result in something proportional to the 2nd derivative of CS, the acceleration.
It’s a general rule, that mathematical derivation of a line leads to a significantly more turbulent output, while integration, being the opposite method, leads to smoothing. As a momentary workaround, you could come close your suggested 2nd derivative by simply adding a 2nd instance of the indicator, with final smoothing chosen significantly short. Would you be willing to test that?
For the moment, I’m trying to focus on improving the basic algorithm by the implementation of a volume weighing, following gg53’s advice. This takes all of my spare time, more or less.
Best, J.
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This reply was modified 10 years, 8 months ago by . Reason: correction: '2nd instance' instead of '1nd instance'
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator?
@BalrogTrader, please don’t mind if I’m putting this on my B-priority list for the moment. (Maybe somebody else would join in the coding process and provide that feature?
) Our currency strength algorithm is based on ROC of prices, so basically represents the 1st derivative of prices over time. Hence DIFF(ROC) would result in something proportional to the 2nd derivative of CS, the acceleration. It’s a general rule, that mathematical derivation of a line leads to a significantly more turbulent output, while integration, being the opposite method, leads to smoothing. As a momentary workaround, you could come close your suggested 2nd derivative by simply adding a 1nd instance of the indicator, with final smoothing chosen significantly short. Would you be willing to test that? For the moment, I’m trying to focus on improving the basic algorithm by the implementation of a volume weighing, following gg53’s advice. This takes all of my spare time, more or less. Best, J.Well, no problem my friend. You were very generous and what you’ve provided up to now is more then enough.
Maybe I try to generate some time and do it myself -I’ve written an EA based on ROC of stddev some time ago-.
Anyways, thanks a lot for your efforts and generosity.
Best regards.
Nothing has ever motivated me more than this...
Simplex may I have a small request? If you could add a small ROC of DIFF (i.e. DIFF(instantly) – DIFF(close of previous)) and show the result as text on the upper RHS corner of the indicator? This could result in a small miracle. Only -somehow- I can not do it… Best regards and thanks for your efforts once again…
I already suggested exactly that in previous posts. G.
Sorry, I cannot see that…
See Post #7926 G.
This is a very unnecessary discussion. Why? Because a few months ago you were the one to tell me “better use ROC then Delta Currency Multi Power”. (I couldn’t find the post right now) So, you are the master and I’m in a sense -whether we like it or not- a student of yours. I’ve read a lot of things that you wrote -taught- and internalized your ideas. Now I’m thinking like you. You are the master and I don’t have a problem with that. However, you must acknowledge that other people can think as well. Sorry if I wasn’t polite enough. Regards.
Balrog,
It’s me who should ask your forgiveness.
I meant to emphasis your request from simplex, but it came out awkward (especialy when reading without the proper intonation).
I’m no Guru, Teacher or Mentor and I didn’t want to sound “above” you.
Sorry, Balrog.
G.
If you build a Volume indicator – please add MA based on Session avg. (London, London+NY, NY, Asian).
Current session or latest finished session?
MA of current session should start with Previous similiar closed session.
i.e. Asian session MA should start with previously closed Asian session MA.
G.
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This reply was modified 10 years, 8 months ago by
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