MMLC (major move life cycle) indicator

[xux99]

I have attached an indicator based on the MMLCv12 concept. You can also read interesting blog here.

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[fasttrade]

thank you brother

[blueface]

Hi bro

Its cool, thx a lot.

[mak]

Very cool, thanks a lot xux!

[simplex]

xux99 wrote:

I have attached the first version of an indicator based on MMLC concept.

Nice one – thanks for sharing this!

In my editor, your indicator appears more or less unformatted after download, see 1st pic. So I had it run through my reformatting script, result see 2nd pic.

It’s certainly possible that other users are facing the same situation, so I’m attaching my reformatted version to this post. It’s possibly easier to understand for most fellow coders.

The functional side was not modified, except for my mandatory adding of #property strict. I always use this because I like to see ‘every’ possible problem when compiling. This results in several compiler warnings, see 3rd pic. If you prefer to ignore the warnings (the indicator will work anyhow) just comment #property strict out.

Have fun!

s.

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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)

[tankhang]

thanks xux99..

I am having a hard time trying to write a swing indicator.. programming newbie here..

[Phil]

You rock!

 

[Glass Cannon]

Interesting.. Any way to export the zig zag points to a CSV file?

[xux99]

I have updated the first post with a new version that exports swing points to a csv file. FileName option defines the name of the csv file.

[CSendo]

Thanks a lot for your code! Have you done any research or used it yourself? It’s quite useful :)

[xux99]

Currently I try to find a statistical edge and I plan to update the indicator accordingly.

[Glass Cannon]

I think to move this swing indicator into a category that has a real strong edge, one must do much more than just this.. but just something I saw on EU 30m

Reject swings are rare, but 2 reject swings in a row is even more rare

8% reject swings in past 113 swings, 0 occurrences of 2 reject swings next to each other:

 

 

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[smallcat]

xux99 wrote:

I have attached the first version of an indicator based on MMLC concept. I plan to incorporate some statistics in the next versions.

Thanks xux99 and Simplex  

[blueface]

@xux99

Hi xux99

check this post

http://www.forexfactory.com/showthread.php?t=627224

if you can update your indi based this new idea?

Regards.

 

[xux99]

Hi blueface

Currently I have no plans to update the indicator.

[Author]

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