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An interval of only 1 or 2 ticks would certainly be too short:
1- For predicted direction is necessary 1-2 previous ticks?
I think what G. mentioned above meant 1 or 2 shortest of the time intervals from my latest proposal: 4 … 8 seconds.
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)
I think the same.
But i think that the question is not obtain ticks, or count ticks for volume. The question is Market in -X and +X .
By other way, same path that price
2. Only last 1-2 tick-rate time-window/interval and their direction will determine next bar initial move. G.
I agree. But can it predict price movement for a longer time? As prize and volume is coupled, you just have to look to some hammer (with bullish prize movement) or inverted hammer formations (with bearish movement) in M1 to know that the last ticks of previous candle can’t even accurately predict movement of next minute. Thus, the question is if this is enough to make money (e.g. to exceed spread).
GG can predict areas of oversold and overbuy so, he can predict the movement during x time. The question is How product this areas of oversold and overbuy with accurate.
On the other hand, i think count ticks about x period of time and this is volume
Yes, i agree with you too. For statistical study i want to have too, when i have some time) it looks like that there is to manipule data. Volume is leading, so maybe you have to delay the other variable for correct study of correlation. I think, the study of G is very important and very real. So i have to repeat that the importance is market in range. If G put market in range is because there exist high correlation between variables. Otherwise, the process would be random and with noise (fake movements) .
expecting gbpusd will hit 1.50703
still testing…………
2 parts of concept is finish with coding 2 more to go….
the dot abv the candle is buying tgt form while market fall
dot below the candle selling tgt while market go up
the arrow candle r special u take profit candle close below or abv of this type of candle in the direction of arrow
we have to trade each signal separately
exp
if dot form abv candle will take buy and put tgt of high of that candle
similarly dot form below candle will sell and put candle low as tgt
continue each trade as margin permit
if sell arrow came will sell and close trade manually on the candle close below the low of signal candle
same vise versa
@fasttrade: What is tgt? Would you please share the indicator when it has finished?
sure bro will share once will finish it as still working on remaining tow parts
tgt in eurusd is 1.05812 as low of the signal candle is this
the previus low is 1.05681 so tgt for this trade is close below this (here u can take tgt 1.05681 in both signals 3rd is just forming we have to wait till that candle close so signal will not change)
as this is sell arrow we have to exit the candle which is close below 1.05812 will not place tgt in this trade if u wish not to track this u can put tgt 1.05812
expecting gbpusd will hit 1.50703 still testing………… 2 parts of concept is finish with coding 2 more to go…. the dot abv the candle is buying tgt form while market fall dot below the candle selling tgt while market go up the arrow candle r special u take profit candle close below or abv of this type of candle in the direction of arrow
My head spinnnnnns from so many colored dots…
G.
hahahha g
its still under testing so different color
im observing how each candle react on volume change
currently dont focus on color u just need to observe position of dot
eg. if dot came abv candle after candle close u have to take buy trade after closing of that candle vise versa. when i take position same time plce exit order according to explain in abv post and move to next trade whether its sell or buy as time pass my observation tgt is achived (i just take care of margin)
there r still 2 possibilities on which i m working.
@Gpego: I agree, it seems to be possible. But imho not under the assumption of point 2. Therefore I would assume that @gg53 uses a different method as we’ve first thought. Hope I can start with further statistical experiments to get a clue how predictive volume can be.
You can see rough description of the ForexGT_VolumeOsc in my last post @”Trading made REALLY Simple” thread.
G.
hahahha g its still under testing so different color im observing how each candle react on volume change currently dont focus on color u just need to observe position of dot eg. if dot came abv candle after candle close u have to take buy trade after closing of that candle vise versa. when i take position same time plce exit order according to explain in abv post and move to next trade whether its sell or buy as time pass my observation tgt is achived (i just take care of margin) there r still 2 possibilities on which i m working.
Haven’t seen your code logic, but it seems that you are chasing the Volume increase.
The ForexGT_VolumeOsc high-volume areas proves exactly the opposite.
G.
Good point:
Volume is leading, so maybe you have to delay the other variable for correct study of correlation.
I also thought about such a delay for my analysis. Hopefully I will have time for that during next weekend.
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)
Please forgive me for my noob question, don’t you think some of you just reinventing VSA ?
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/hahahha g its still under testing so different color im observing how each candle react on volume change currently dont focus on color u just need to observe position of dot eg. if dot came abv candle after candle close u have to take buy trade after closing of that candle vise versa. when i take position same time plce exit order according to explain in abv post and move to next trade whether its sell or buy as time pass my observation tgt is achived (i just take care of margin) there r still 2 possibilities on which i m working.
Haven’t seen your code logic, but it seems that you are chasing the Volume increase. The ForexGT_VolumeOsc high-volume areas proves exactly the opposite. G.
EURUSD is in DownTrend, so we look for shorts only on Peak areas.
To PinPoint the most probable bar we use the ForexGT_VolumeOsc.
See attached on both M1 & H4 (just to show it’s working on both short & long TF’s).
G.
Please forgive me for my noob question, don’t you think some of you just reinventing VSA ?
MTHMy trading style is parts of classical VSA with some enhancements and a “Twist”…
G.
Volume is leading, so maybe you have to delay the other variable for correct study of correlation
Although I don’t think that volume is leading in sense that it give a signal and then prize rises, that’s one thing I will do. It’s called cross-correlation where you look on the correlation of two variables where one is used with a lag.
Regarding that leading part. My believe is that volume (or better tick activity rate) has to increase before direction of prize changes in most cases as in such regions we can expect high activity of buyers and sellers. The only case when prize can change without an increase in direction is when there’s (probably after a long rise) no more interest in buying/selling. Than it’s easy for opposite actors to move market’s direction.
Please forgive me for my noob question, don’t you think some of you just reinventing VSA ?
Think we all know VSA. But VSA needs a lot of interpretation. The aim here is to program a single indicator which will give correct signals in most cases – maybe only by using volume. At least, that’s my personal goal.
Volume is leading, so maybe you have to delay the other variable for correct study of correlation
Although I don’t think that volume is leading in sense that it give a signal and then prize rises, that’s one thing I will do. It’s called cross-correlation where you look on the correlation of two variables where one is used with a lag. Regarding that leading part. My believe is that volume (or better tick activity rate) has to increase before direction of prize changes in most cases as in such regions we can expect high activity of buyers and sellers. The only case when prize can change without an increase in direction is when there’s (probably after a long rise) no more interest in buying/selling. Than it’s easy for opposite actors to move market’s direction.
Please forgive me for my noob question, don’t you think some of you just reinventing VSA ?
Think we all know about VSA. But VSA needs a lot of interpretation. The aim here is to program a single indicator which will give correct signals in most cases – maybe only by using volume. At least, that’s my personal goal.
Volume (or Ticks in FX) is leading. I did the cross correlations studies ages ago, but please do it yourself to be convinced.
Volume by itself can’t be profitable, because it doesn’t tell you by how much the price will rise/fall and for how long.
You’ll always need some combined Volume/Price added indicator with pure Volume indie.
G.
hi g
thanks for ur feedback it will help me while working with the remaining part
can u plz share ur normalized volume 2.2 in mq4 form or just tell me what is logic(represented by) behind blue red and white bar
sell tgt hit eurusd 1.05812 still remaining 1.05681 new buy tgt form 1.06239
Watch out !!
ECB major announcement today (EUR), together with Unemployment Claims (USD), roughly at the same time.
G.
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