gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
To extend indicator you need to set the SHIFT parameter with minus sign (i.e. -1, -2, etc.).
Look at the std. indicators source, such as Alligator or Ichimoku.
Anothe method is to create the channels, one within the other, but each channel should be drawn only when it is closed.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
To extend indicator you need to set the SHIFT parameter with minus sign (i.e. -1, -2, etc.).
Lookk at the std. indicators source, such as Alligator or Ichimoku.
Anothe method is to create the channels, one within the other, but each channel should be drawn only when it is closed.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
I trade both before and after News/Announcements, but those are different strategies.
What is presented in pipatronic VIDEO thread is the 60% “Law” after the news. It’s more relaxed trading and fits almost any trader style and experience level.
And yes, it’s a retracement trade.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
You are engulfing the same bar. M30 should extend out to the righ, etc.
But you can still conclude: Sentiment is clearly down, but if retracement occur (up Volume increase) – it will retrace to the M5, and then to the M15/M30.
To overcome the M15/M30 to the upside it will require massive volume since its double height at the same level.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcements trading (the 60% Law) is currently in the GREAT pipatronic “VIDEO” thread.
It started as pip remark there, but certainly deserve a thread of its own. There you have both live predictions and their results.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcements trading (the 60% Law) is currently in the GREAT pipatronic “VIDEO” thread.
It started as pip remark there, but certainly deserve a thread of its own.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcement trading (the 60% “Law”) is a special and separate issue, but it uses the same underlying physics.
You can consider the News/Announcements as a sudden water flood (caused by excess water, i.e. increased Volume) followed by fast retracement as water rapidly resides (Volume returns to normal flow).
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
News/Announcement trading (the 60% “Law”) is a special and separate issue.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
You can use Gadi_OBV from “Killing Zone” @FF.
ForexGT_Activity is more advanced version, currently not shared.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
The “…Never mind what happened in between…” is categorically and absolute, no exceptions.
If you have some Fibo and/or Support/Resistance and/or any other “voodoo” stuff in between – do yourself a favor and ignore them…
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
The “…Never mind what happened in between…” is categorically and absolute, no exeptions.
If you have some Fibo and/or Support/Resistance and/or any other “voodoo” stuff in between – do yourself a favor and ignore them…
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
On True Bars/Candles:
Each space between the vertical lines (based on Gadi_OBV, or later ver.) represent one True Bar/Candle.
From Trough to Peak (Yellow to Red dot) is a true UP bar.
From Peak to Trough (Red to Yellow dot) is a true DOWN bar.
Never mind what happens in between.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
On True Bars/Candles:
Each space between the vertical lines (based on Gadi_OBV, or later ver.) represent one True Bar/Candle.
From Trough to Peak (Yellow to Red dot) is a true UP bar.
From Peak to Trough (Red to Yellow dot) is a true DOWN bar.
Never mind what happens in between.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
On True Bars/Candles:
Each space between the vertical lines (based on Gadi_OBV, or later ver.) represent one True Bar/Candle.
From Trough to Peak (Yellow to Red dot) is a true UP bar.
From Peak to Trough (Red to Yellow dot) is a true DOWN bar.
Never mind what happens in between.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
on Water Level:
Water-Level cannot be fixed, as one suggested.
Water-level rises (Range Extend) as Volume increase, and vice-versa.
We need to “see” the Volume/Range relationship in order to predict future move of the range.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
On Donchian:
I suggest you try my “Anti Donchian” strategy…
On every Donchian upper breakout, instead of going LONG, go pending SHORT (Sell-Stop) on that exact same breakout level.
Do the same for the opposite breakout.
Report your success rate comparing the std. Donchian “rule” vs. my “Anti Donchian”…
I can save you the trouble -…[Read more]
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
Well, we don’t know where price been, or visited, the longest TIME. You’ll get an answer for that if you use a “Market Profile” indicator.
The whole idea of this thread is to detach ourselves from the standard Time/Price, which is sample-rate based (TF) and not truely representative.
Also, there is no clear evidence that “staying longer”, or…[Read more]
MTH2014 replied to the topic MTH – Star Skull and Smiley Indicator (lite version) in the forum Indicator discussion 10 years, 5 months ago
Good Morning All.. ( 06:06 a.m local time.. hehehe)…

Just another ‘way’ to use SSS Indicator.
You could use anything to help you in chart analysis, but remember that your main tools is your experiences from practicing, your common sense and your attitude towards the market.
Simply because this ‘market’ just like ‘old traditional market’ …[Read more]
xux99 replied to the topic MMLC (major move life cycle) indicator in the forum Indicator discussion 10 years, 5 months ago
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.
xux99 replied to the topic MMLC (major move life cycle) indicator in the forum Indicator discussion 10 years, 5 months ago
I have updated the first post with a new version that exports swing point to a csv file. FileName option defines the name of the csv file.
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