This is definitely not the worst currency strength indicator I’ve ever come across, although the chosen combination of ADX and CCI looks a bit strange at first sight.

@leppozdrav: Where did you find this indicator – could you provide a link to the original author’s source?

I’ll attach a QUICK AND DIRTY modification to fix the performance issues…[Read more]

@Ephisi: I meant if you could explain your tests on countertrend trading with TZs. I invite you to post it here, too … But to be honest, if I’d be a good mql4 programmer, I would implement your idea. Unfortunately, I’m not …

I believe you. However, what was your strategy you’ve tested? Could you please explain?!

Hi @Pigh77,

I’d be glad if you’d write something about your test. I invite you to post it here as this is Ephisis thread.

Hi

honestly I think you can trade against the trend with TZ with a wider stop loss and assuming that a trend will destroy part of your profits. In a backtest from 2009 (15 min) there weren’t so strong trends able to destroy profits made bar after bar against the TZs. 

i reversed the strategy

Yep, if utilizing TZ, this is the only thing to do!

Thus, I assume it’s more like a trend trading rather than a reversal strategy, right?

Thus, I assume it’s more like a trend trading rather than a reversal strategy, richt?

Hi ephisi, may I ask if you use matured TZs or PTZs in your strategy. I believe that the original idea was to trade the revisit of formerly matured TZs …

Hi ephisi, welcome at penguintraders.com. May I ask if you use matured TZs or PTZs in your strategy. I believe that the original idea was to trade the revisit of formerly matured TZs …

Hi ephisi, welcome at penguintraders.com. May I ask if you use matured TZs or PTZs in your strategy. I believe that the originally idea was to trade the revisit of formerly matured TZs …

Maybe you could fire up coders’ enthusiasm by providing a little more detail!

Once again: we’ll see whether they are serious this time!

s.

@Anti: Sure, it is possible to gauge your template in a way that the angle between an MA and a horizontal line represents the momentum of a price move.

Yet my point is, if you change to another display with different number of pixels, your ‘angles’ are likely to change. And even if the number of pixels of your new display has the same number of…[Read more]

Let me note one serious flaw of the above mentioned article:

Scrolling down to the headline ‘Learning to Judge the Behavior of Chaotic Markets’ and figure 4, we find that the authow suggests to measure price slope like angles, in degrees. Knowing that we can rescale our charts in both dimensions on screen, this is obviously mathematical nonsense…[Read more]

Thanks, @xux99.

You don’t have to sign up in order to view all contents. The videos are hosted via youtube.

Hello khaled,

Yes, I’m still around and thanks for your interest in a cooperation. I’m not a ‘fan’ of Renko charts, but I’m interested to learn about your ideas regarding a joint venture.

Please feel free to contact me via PM or publicly in the forum.

My EA is still in the making.

Best,

s.

This looks really interesting – thanks a lot for that link, @xux99 !

s.

Great link. Thanks a lot!