This is a rookie write-up of something pretty strange. It was made up funny on purpose, for lack of any explanation.
But if it were a waste of time or a lark, I would never go to this length.
This post is derived from Mr. Steve Hopwood’s "#7 blank template".
That strategy concerns BBs and takes the outside/in view.
Info @ Nanningbob 4h trading system ver. 5.0 @ Forex Factory
The #7 looks for less risk entries after price has crossed back inside with the help of a 1MA and a +3 forward shifted 25MA BB cross.
I added a third 25BB, -3 back shifted, purely out of ornery (Blue on templates).
Now another point of interest turns up on the outside, rather complimentary but removed from the action:
Crosses of the Blue, -3, 25BB and chart bars determine a price point through which a horizontal line can be drawn.
The significant ones seem to be found during price runs, trends etc., along with well sloping BBs.
I only consider ones that occur when the Blue BB is on the outside, being “shaped” by PA.
Not when PA pokes across the MA and hits the blue one, by then seen inside mostly.
The premise is that these horizontal lines (can) behave as is expected from traditional S/R.
No way was this going to be posted. Just some point turns up where things click funny.
Enough for a write-up, but along the lines of crop circle stories, good for a medium laugh.
Let’s set out some helpings of Snake Oil and Cherry Pie. A lure to both the greedy and the visionary.
You too, of course. Siddown. Pass the salt.
Gramp's Greedy Indicator:
He called it something much nastier, with good reason. He went the wrong way the second time it fired at the bottom in '95.
Didn't see him much after. But we did well off it later in '99, '05, again in '08 - '09.
Never moved the line, wouldn't know how to. If it works … Can you help?
USDJPY Monthly. Here, use gramps greedy indicator.
This looks dicey now. Gramps used to say: "Price at the line, turn-around time". But when last I saw him ... How did it go?
Yeah: "Double pending hedge over/under and walk away. Lift a leg another day". Thanks Gramps. If only I knew what you meant.
My son put his line on and is looking at the weekly. He tells me I should trade it there.
Maybe he is right, but I like it the old way. "Look ahead, be glad".
The template above only "fits" on Monthly TF on USDJPY, zoom out to see most you can.
The general principle holds on all pairs and TFs. These points are more rare in higher TFs but seem more significant.
Suggested BB settings: from 20 to 25 SMA period, Standard Deviation 2.0
The pic above is more than 3 year old. Putting the tpl on today and checking price action is outright creepy.
Greedy left me staggered and still has got me going chasing down the *#? of it all.
Some more info and pics will be along, but if you already know why this shows up, please hold off on posting.
It would be a bit of a spoiler for people chasing things down.
That is an excellent exercise all by itself, as it involves no end of running through TFs, squishing the display, laying on lines and checking both ways …
//----------- Downloads and Temp Info -----------+
New October 15, 2014:
Back Bands.mq4
Back Bands is a complete replacement for Greedy Bands.mq4, which should be scrapped if in use.
If you are new to the thread, just use Back Bands instead when checking out the earlier posts.
Please see Post #44 and up for further descriptions of this mq4 in particular.
The zip also holds User Information concerning the Input Box and a sample spread sheet of file output.
Note: 00sd Mu.mq4, (post #30) and full documentation have been moved into the SD-Kit zip.
This can be downloaded from first post at: Z-Score Kit @ Forex Factory
Average Joe.mq4, a follow up, is also ready to go in there.
In order to not waste your time, it is best to get the updated code for the other z-score basic indicators.
The old documentation is still useful and describes Customizer.mq4, which can set a common SMA Period for a whole chart outlay.
Another indicator is available on: Rolling Market - MTF Bar indicator
It could be well suited for Rookies and deals strictly with Pips.
If you found this thread a bit too much, maybe you can run with that one. Good Luck.
But if it were a waste of time or a lark, I would never go to this length.
Improbability, probably.
"Now you see it, now you don't."
This post is derived from Mr. Steve Hopwood’s "#7 blank template".
That strategy concerns BBs and takes the outside/in view.
Info @ Nanningbob 4h trading system ver. 5.0 @ Forex Factory
The #7 looks for less risk entries after price has crossed back inside with the help of a 1MA and a +3 forward shifted 25MA BB cross.
I added a third 25BB, -3 back shifted, purely out of ornery (Blue on templates).
Now another point of interest turns up on the outside, rather complimentary but removed from the action:
Crosses of the Blue, -3, 25BB and chart bars determine a price point through which a horizontal line can be drawn.
The significant ones seem to be found during price runs, trends etc., along with well sloping BBs.
I only consider ones that occur when the Blue BB is on the outside, being “shaped” by PA.
Not when PA pokes across the MA and hits the blue one, by then seen inside mostly.
The premise is that these horizontal lines (can) behave as is expected from traditional S/R.
No way was this going to be posted. Just some point turns up where things click funny.
Enough for a write-up, but along the lines of crop circle stories, good for a medium laugh.
**************
Let’s set out some helpings of Snake Oil and Cherry Pie. A lure to both the greedy and the visionary.
You too, of course. Siddown. Pass the salt.
Gramp's Greedy Indicator:
He called it something much nastier, with good reason. He went the wrong way the second time it fired at the bottom in '95.
Didn't see him much after. But we did well off it later in '99, '05, again in '08 - '09.
Never moved the line, wouldn't know how to. If it works … Can you help?
USDJPY Monthly. Here, use gramps greedy indicator.
Attached File(s)
gramps greedy indicator.tpl
4 KB
|
432 downloads
This looks dicey now. Gramps used to say: "Price at the line, turn-around time". But when last I saw him ... How did it go?
Yeah: "Double pending hedge over/under and walk away. Lift a leg another day". Thanks Gramps. If only I knew what you meant.
My son put his line on and is looking at the weekly. He tells me I should trade it there.
Maybe he is right, but I like it the old way. "Look ahead, be glad".
**************
[edit] To avoid confusion: The template above only shows what is in the picture on the USDJPY.
At the foot of the post is an mq4, Greedy Bands Back Bands that draws all the BBs and sets lines on all pairs. Not originally planned.
The template above only "fits" on Monthly TF on USDJPY, zoom out to see most you can.
The general principle holds on all pairs and TFs. These points are more rare in higher TFs but seem more significant.
Suggested BB settings: from 20 to 25 SMA period, Standard Deviation 2.0
The pic above is more than 3 year old. Putting the tpl on today and checking price action is outright creepy.
Greedy left me staggered and still has got me going chasing down the *#? of it all.
Some more info and pics will be along, but if you already know why this shows up, please hold off on posting.
It would be a bit of a spoiler for people chasing things down.
That is an excellent exercise all by itself, as it involves no end of running through TFs, squishing the display, laying on lines and checking both ways …
//----------- Downloads and Temp Info -----------+
New October 15, 2014:
Back Bands.mq4
Back Bands is a complete replacement for Greedy Bands.mq4, which should be scrapped if in use.
If you are new to the thread, just use Back Bands instead when checking out the earlier posts.
Please see Post #44 and up for further descriptions of this mq4 in particular.
The zip also holds User Information concerning the Input Box and a sample spread sheet of file output.
Attached File(s)
Back Bands.zip
66 KB
|
481 downloads
|
Uploaded Oct 15, 2014 4:20pm
Note: 00sd Mu.mq4, (post #30) and full documentation have been moved into the SD-Kit zip.
This can be downloaded from first post at: Z-Score Kit @ Forex Factory
Average Joe.mq4, a follow up, is also ready to go in there.
In order to not waste your time, it is best to get the updated code for the other z-score basic indicators.
The old documentation is still useful and describes Customizer.mq4, which can set a common SMA Period for a whole chart outlay.
Another indicator is available on: Rolling Market - MTF Bar indicator
It could be well suited for Rookies and deals strictly with Pips.
If you found this thread a bit too much, maybe you can run with that one. Good Luck.