@muuh,

Do you know this 0.00005 gaps allowed for which TF ? Is it for M5 or also can be applied to M15, M30, H1 etc ? How to get that number (may be using ATR or other tools) ?

Thanks

@muuh, thank you very much for this good information bro …

@saver0, thank you very much too my friend …

@muuh, thank you very much for this good information bro …

@smallcat  @muuh
What I would do is when I record the data (fractals & zigzag pattern), record only the fractal and bar patterns where there were no gaps were in between close and open prices. Keep in mind that there is usually a very small gap of less than a pip during low/high volatile times. So I would first define what a gap is, maybe greater…[Read more]

Thanks for all the work you’re putting in here!

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]