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Ahh, finally something. I’ll look into this too. I think we can use something like this for tick charts. Probably less drawdown. I tried regular RSI indicator on tick and it was amazing, actually. Maybe it’s possible to use just RSI on them…? Of course NOT on bigger charts… It’s useless.
Thanks, I’m so glad that from all the posts here you finally found at least one… ;-}
I’ll free my weekend to dig out all my useless RSI, CCI, Stochastic, etc from their forgotten grave, if I can find it’s location.
G.
Ok, finished with my day job. May I ask which “swing rule” you use to color the bars? It’s not obvious for me. First I’ve thought you’re talking about this post: http://penguintraders.com/forums/topic/true-barscandles-and-market-sentiment/page/8/#post-9478. But if I compare your results with this rule I couldn’t end up with similar results as shown in post before your last post.
Ok, finished with my day job. May I ask which “swing rule” you use to color the bars? It’s not obvious for me. First I’ve thought you’re talking about this post: http://penguintraders.com/forums/topic/true-barscandles-and-market-sentiment/page/8/#post-9478. But if I compare your results with this rule I couldn’t end up with similar results as shown in post before your last post.
That’s the one…
Read again and/or set a parameter for how much “previous” is meaningfull.
G.
I can’t reproduce your results. We should be in a down trend/swing as long as the lows of the candles is lower than the highs of x previous bars. From that we can conclude that as soon as a low of a candle is higher than the high of one of the previous x bars, we are in an up trend/swing. Thus, from your USDJPY M30 example I marked the lows of first green bars and the highs of the first candle of brown coloured candles with white lines. Now I counted the number of bars until this white line was above a candle’s high or below a candle’s low. But the number of bars is absolutely not consistent (possible results from x = 2,…,4). What went wrong?
Another “hint” to Peak & Trough: Use 3 TF’s (such as D1, H4, H1). D1 (in this example) represents the TREND direction. Let’s assume it’s UP. Goto H4. H4 represents the Counter trend. It should be DOWN trend and start to point UP. Goto H1. H1 represents the exact entry. It should start to point UP. Add the early-warning Volume algo to the H4, H1. G.
If we use H1 TF as the smallest TF, the TF combination is like above. If we use M5 as the smallest TF, what are the other TF combination? Thanks in advance
Hi all,
and thank you very much for this great thread and other initiates with great tips of gg53.
My question is for gg53:
ForexGT_VolumenOsc is differente for though and for peaks?
Thank you very much again
I can’t reproduce your results. We should be in a down trend/swing as long as the lows of the candles is lower than the highs of x previous bars. From that we can conclude that as soon as a low of a candle is higher than the high of one of the previous x bars, we are in an up trend/swing. Thus, from your USDJPY M30 example I marked the lows of first green bars and the highs of the first candle of brown coloured candles with white lines. Now I counted the number of bars until this white line was above a candle’s high or below a candle’s low. But the number of bars is absolutely not consistent (possible results from x = 2,…,4). What went wrong?
Highest High = Previous Bar HighestHigh
Lowest High = Previous Bar LowestHigh
Highest Low = Previous Bar HighestLow
Lowest Low = Previous Bar LowestLow(later on we define (in Up Swing):)
Highest High = Max(High(current), Highest High)
Highest Low = Max(Low(current), Highest Low)G.
Hi all, and thank you very much for this great thread and other initiates with great tips of gg53. My question is for gg53: ForexGT_VolumenOsc is differente for though and for peaks? Thank you very much again
ForexGT_VolumenOsc is independent and the same for both.
Use its PEAKS for possible SHORT entries in DownTrend, and its TROUGHS for possible LONG entries in UpTrends.
It works on almost all TF’s, as demonstrated in posted ScreenShots.
G.
Peaks & Troughs areas are auto-identified by an indicator.
We enter Troughs area in UpTrend, and Peaks in DownTrend.
Only things left right now is to PinPoint the desired entry point, and to identify the correct Trend.
Haven’t seen much results or activity here, so my conclusion is that a really simple, easy pips, logic and low risk trading is a boring subject.
Green pips to you all, and remember to watch the Draghi comming announcemet crashing the EURO.
G.
… thought it would be the swing rule itself. But on the other hand we also could use an exponentially weighted average of range, of sentiment (#9115) or even 2 MAs or any standard indicator. Think there is no clear and correct answer, thus all we can give is just a guess. Another way could be to identify current swing and assume is intact since volume shows a significant increase …
Haven’t seen much results or activity here, so my conclusion is that a really simple, easy pips, logic and low risk trading is a boring subject.
I have noticed on Forums (not necessarily this one) that complex as you say “voodoo” systems attact a lot of attention and threads that have a simple concept do not seem to run for long, I am sure that there is some logic behind this. I do believe though that this is a FABULOUS thread and it will blossom
Pip
skype : pipatronic
Not boring at all. I don’t get the math or the coding. But I read everything. As a general rule I don’t comment on things I do not fully understand. The internet is full of those guys.
Not boring at all. I don’t get the math or the coding. But I read everything. As a general rule I don’t comment on things I do not fully understand. The internet is full of those guys.
ditto
Oh, huge interest…
So basically I should continue writing, and maybe eventually provide the Peak/Trough complete code. Is that right?
And your role will be the spectators during that show?
Sorry about failing your expectations, but I just resigned.
Green pips !
G.
G, you are being little sensitive.
I am enjoying reading everything on Penguin even though I do not have the skills to contribute in a lot of areas.
Anyone who is expecting you to release any code has not been following this forum for much time at all.
Guys!
thought it would be the swing rule itself. But on the other hand we also could use an exponentially weighted average of range, of sentiment (#9115) or even 2 MAs or any standard indicator. Think there is no clear and correct answer, thus all we can give is just a guess. Another way could be to identify current swing and assume is intact since volume shows a significant increase
@Anti: why don’t you just pick your personal favourite of your suggestions, think it over and describe it in detail here, based on previous posts in this thread? This maybe could fire up discussion again, and would prove real dedication to the topic. I consider dedication very much stronger than only ‘interest’.I don’t get the math or the coding.
Maybe got ideas? Post them!
ditto
ditto
Guys, it’s not about ‘interest’ in this topic. That’s so weak! Prove your ‘dedication’ and do your homework, for this might motivate G. to work with you (just my guess).
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)
Guys!
thought it would be the swing rule itself. But on the other hand we also could use an exponentially weighted average of range, of sentiment (#9115) or even 2 MAs or any standard indicator. Think there is no clear and correct answer, thus all we can give is just a guess. Another way could be to identify current swing and assume is intact since volume shows a significant increase
@Anti: why don’t you just pick your personal favourite of your suggestions, think it over and describe it in detail here, based on previous posts in this thread? This maybe could fire up discussion again, and would prove real dedication to the topic. I consider dedication very much stronger than only ‘interest’.
I will explain it in near future (maybe tomorrow as I have many other things to do). Although there is not that much to explain, as a scientist I know how important it is to make your ideas public: Publish or perish!
You can use TickVolume Above/Below “0” as good indication of “Trend”. G.
Hi G,
Do you mean CROSSING the zero line, or just ABOVE the zero line ? Lets say the TickVolume is Blue in color, and above zero line on D1. On next candle (next day), the TickVolume becomes red. If we are on this red candle, can we say that the trend is still up ?
Thanks in advance …G, you are being little sensitive. I am enjoying reading everything on Penguin even though I do not have the skills to contribute in a lot of areas. Anyone who is expecting you to release any code has not been following this forum for much time at all.
Thanks for the free psychological profile.
@Penguin: Contributors# vs. Members# –> unacceptable ratio.
Appologies to current contributors. I’m out.G.
Thanks for the free psychological profile. @Penguin: Contributors# vs. Members# –> unacceptable ratio. Appologies to current contributors. I’m out. G.
Sorry to know that. It is a big lost for penguins … but i can understand your decision, G. Thank you very much for all of your generosity, time and good heart
Hope you can visit us some day ….
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