Hi mates,

I am testing my new tools at the moment. It is the ZigZag_Closed_Modified  (based on ZigZag_Closed  by Emonts ) and need Fractal_Closed (by Emonts too). Thanks Emonts.

I will check the result first, before posting it.

http://penguintraders.com/groups/fractal-arrow-prediction/forum/topic/how-to-creation-of-fractal-arrow-indi/#post-2453

Hello friends, and thanks to gg53.

In my opinion, pls correct me if i am wrong. I think we can allow a gap of  0.00005  since most of the close of bar are not equal to the open of the next bar.

‘ Close’ <> ‘ Open’    This is also gap.  So we restrict the gap that is allowed. Also remember that mt4 are different… 5 digits and 4 digit…[Read more]

Hello friends, and thanks to gg53.

In my opinion, pls correct me if i am wrong. I think we can allow a gap of  0.00005  since most of the close of bar are not equal to the open of the next bar.

” Close <>Open ”    This is also gap.  So we restrict the gap that is allowed. Also remember that mt4 are different… 5 digits and 4 digit…[Read more]

Hello friends, and thanks to gg53.

In my opinion, pls correct me if i am wrong. I think we can allow a gap of  0.00005  since most of the close of bar are not equal to the open of the next bar.

Close<>Open    This is also gap.  So we restrict the gap that is allowed. Also remember that mt4 are different… 5 digits and 4 digits.

dtlase

Hello friends, and thanks to gg53.

In my opinion, pls correct me if i am wrong. I think we can allow a gap of  0.00005  since most of the close of bar are not equal to the open of the next bar.

Close<>Open    This is also gap.  So we restrict the gap that is allowed. Also remember that mt4 are different… 5 digits and 4 digits.

dtlase

muuh wrote:

so that leads me to my first three questions
1. do we create the database with zigzag based on close?
2. are incoming fractals in realtime based on close?
3. are incoming zigzags in realtime based on close?

Hi my friend,
My opinion:

1) It will be better, like most of indicator calculation based on “candle close”
2) No, but we can…[Read more]

Hi my friend,
My opinion:

1) It will be better, like most of indicator calculation based on “candle close”
2) No, but we can use “fractal close” indicator in attachment
3) No, may be we can use “zz close” or create something similar indicator looking at close price

Hi muuh,

Good idea. I think i will try to create it, but until new year i am so busy with other things. (so many things to do, have just a little time   ).
May be after that, we will discuss about it  if you are interested my friend.

Thanks

The BASIC of BASICS… ForexGT_Arrow:

Following a conversation with Smallcat: it seems that there are some misundestanding about the basic logic.

A “VALID” FRACTAL is an un-interupted sequence of 5 bars with a known pattern. No “gaps” are alowed in a valid fractal.

Gaps creates a “broken” chain. If the sequence is broken – there can’t be a…[Read more]

The BASIC of BASICS… ForexGT_Arrow:

Following a conversation with Smallcat: it seems that there are some misundestanding about the basic logic.

A “VALID” FRACTAL is an un-interupted sequence of 5 bars with a known pattern. No “gaps” are alowed in a valid fractal.

Gaps creates a “broken” chain. If the sequence is broken – there can’t be a…[Read more]

The BASIC of BASICS… ForexGT_Arrow:

Following a conversation with Smallcat: it seems that there are some misundestanding about the basic logic.

A “VALID” FRACTAL is an un-interupted sequence of 5 bars with a known pattern. No “gaps” are alowed in a valid fractal.

Gaps creates a “broken” chain. If the sequence is broken – there can’t be a…[Read more]

The BASIC of BASICS…

A “VALID” FRACTAL is an un-interupted sequence of 5 bars with a known pattern. No “gaps” are alowed in a valid fractal.

ZZ is a sequence of valid fractals, that starts and ends with a fractal. It’s Ok to have gaps in a ZZ.

G.

Thanks G. If you have free time, could you please accept my skype invitation ?

Awesome! Now just need to tweak the logic to make it work

You may need to adjust things on both ends (node.js app and MT4 code).

@ gg53

What is your defintion of a “miss” for adaptability?

For example arrow points down.

If one of 3 bars before or after the arrow has a higher High than the arrow?