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]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 5 months ago
Relative Currency Strength, based on percent movement from previous sample, should sum up to “0”.
Absolute Currency Strength doesn’t require to sum up to “0”.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 5 months ago
Remember that when Currency Strength indicator is reliable, logical and properly coded, the total sum of all values (all 8 major currencies) should be “0”.
You can use that knowledge to further exploit a properly coded CS indicator by looking for ocassional deviations from that required “0”, and use its direction to your advantage.
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 bar/Candle:
True Bar/Candle is where Gadi_OBV changes direction (red/yellow dot).
Calculate that Bar/Candle proportions (or Strength) and You’ll know the next TRUE bar direction (>90% probability).
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
True bar/Candle:
True Bar/Candle is where Gadi_OBV changes direction (red/yellow dot).
Calculate that Bar/Candle proportions (or Strength) and You’ll know the next TRUE bar direction (>90% probability).
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 and Market Sentiment:
By now you should have an indicator that shows “channels”, one within the other (based on the picture in post #9085).
Since we know that the water level increases when water amount increase (Volume – range extended),
and we know what was the water level at “normal” water amount,
and we know that there…[Read more]
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 and Market Sentiment:
By now you should have an indicator that shows “channels”, one within the other (based on the picture in post #).
Since we know that the water level increases when water amount increase (Volume – range extended),
and we know what was the water level at “normal” water amount,
and we know that there is…[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
Hi Brother, maybe this picture could help further..

Have a nice week end and best regards
MTH
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
For me, when something “means nothing” it’s simply ignored… doesn’t exist… not there… NADA…
But your previous argument stated its importance as “wait for close”, “every indicator is based on close”… etc.
But let’s close this argument.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
There is no “X close” in the “river profile”. read again…
It uses the range (max/min) which are the only true facts within that TF.
My “R” statistical tests, on milions samples, on every std indicator showed no significant results. And there are others that also confirmed that.
“Enter on bar close”, “candle patterns”, etc. – requires real…[Read more]
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
There is no “X close” in the “river profile”. read again…
It uses the range (max/min) which are the only true facts within that TF.
My “R” statistical tests, on milions samples, on every std indicator showed no significant results.
“Enter on bar close”, “candle patterns”, etc. – requires real account proof. Haven’t seen one…[Read more]
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
I see that you edited your reply multiple time after I responded to your original post.
Feel free to make your own “spot easy” calculations and indies on whatever you want and use it to maximize your profits.BTW: there is no such thing as price “Close” in my vocabulary or my FX market understanding.
G.
gg53 replied to the topic True Bars/Candles and Market Sentiment in the forum Trading Systems Discussion 10 years, 5 months ago
SSS is not mine, and never mentioned here by me. EURUSDD’s posts wasn’t mentioned here by me, nor any reference to him.
I also never refered to any of the “symbols” and their meaning.
Also, I never stated that “indi contains subsequence analyses” – since there is no “indi” posted here by me.
G.
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