thx- maybe Im tired
BJ
The 4 Hour Fozzy Method 233 replies
FOZZY Method CROSSES 808 replies
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My Daily Fozzy Trades 337 replies
Monthly Fozzy Method 9 replies
QuoteDislikedOn each chart I have an 8 period RSI. I also have an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.
QuoteDislikedextern int RSIPeriod = 8;
extern int SignalMA_Period=8;
extern int SignalMA_Method=0; //0=sma,1=ema,2=smma,3=lwma
extern int BandPeriod = 20;
Quoting accreteDislikedHi all, i thought i'd share my version of the Dynamic RSI indicator that i use in my model, here is a screen shot of the indicator and some explanaitions as to what is what:
http://www.accrete.com/fx-mfbtm/RSIexample.gif
You can go ahead and add the median 20MA to get the centerline of the bollinger bands if you wish by dragging a standard MA indicator onto the RSI and setting the "Apply To" to the indicator. I use the +/-0.382 "zone" myself instead of a single median moving average as these areas will often act as S/R and i like to see a break through with momentum into this "zone". All colors, periods and moving averages are user definable.
Have fun. Use it any way you wish. I just hacked the standard Dynamic Zone RSI by adding an additional inner zone band and the signal line and dots on the RSI line. I like the dots as mentioned on the RSI line as i look for "V"s and inverted "V"s for possible reversals. Especialy when these patterns show up near the outside band area on the band side of the signal line.
Cheers, and happy trading.
ThomIgnored
Quoting jlowderDislikedThom,
Your version of the RSI appears to be one day off the normal one. When looking at the two setups on top of each other I notice that the standard RSI crosses a full grid before yours does. I'm using 8,8,1,20 for the settings. Am I just not interpreting this correctly?
JasonIgnored
Quoting pingpongDislikedWell i did get a fozzy cross this morning gmt on cable it wasnt fuzzy but very clear. However the price dipped and the cross uncrossed stopping me out boo hoo.
i wonder how often this actually happens and of course this is why it is not possible to get a realistic picture by backtesting it is only by forward testing that you can get an accurate measure as to any cross system.
I did put on a short trade on swissie late last night to waken to a healthy profit though.
Happy tradingIgnored
Quoting JBBDislikedHi all,
Looking back at the charts I see that some crosses happened below middle BB line, heading south and produced good pips in downtrend. The same for crosses happened above middle BB, heading north, which gave actually great pips. Why those crosses is "not valid" by Fozzy's rules?
Forgive me if I sound silly, but why do we need BB? Just for it's middle line, or something else important that I don't see?
Thank you and good trades to allIgnored
Quoting accreteDislikedHummmm, don't know on your observations. It's the original code that FXSniper's DZRSI with the addition of the inner BBand and the RSI dots that changed none of it's original functionality....and just changed the settings to match those w/the FM. Seems to work fine for me w/IBFX feed and it's accuracy to price action.
: ) ThomIgnored
Quoting jlowderDislikedI'm using IBFX as well. Take a look at the attached picture. I circled just one example of several discrepancies on this chart.
JasonIgnored
Quoting accreteDislikedHummmm, don't know on your observations. It's the original code that FXSniper's DZRSI with the addition of the inner BBand and the RSI dots that changed none of it's original functionality....and just changed the settings to match those w/the FM. Seems to work fine for me w/IBFX feed and it's accuracy to price action.
: ) ThomIgnored
Quoting heriyadiDislikedOke I found why this thing happen, in your indicator, you put dot when the chart opening price. Mean while in the original the line is still move up and down until the chart is close, so actually you must put the dot in last price for that bar not for the opening.Ignored
QuoteDislikedRSIBuf[i] = iRSI(NULL,0,RSIPeriod,MODE_CLOSE,i);
MA = 0;
for(int j=i; j<I+BANDPERIOD; p j++) {<> RSI[j-i] = RSIBuf[j];
MA += RSIBuf[j]/BandPeriod;
}
{
RSIBufdot[i] = iRSI(NULL,0,RSIPeriod,MODE_CLOSE,i);
}
Quoting accreteDislikedStill not quite following things, remember this is a fine indicator from a fellow PipSter FXSniper, and except for adding a duplicate of the RSI but showing dots and the inner BB it is stock. The line of code for RSIdot is as follows: If one follows the price, the RSIdot is there at the end of the forming line right where price is. What am i not seeing? Still confused. Please realize i'm not a coder, just following the suggestions of my mentor and placed the dots there for an indication of possible reversals. My sincere apologies for mucking up the waters if they have been. Just trying to be helpful with what has been a help to me.
: ) ThomIgnored
Quoting johomaDislikedCould be wrong here as I haven't been playing with Accrete's indicator. However in post 162, I think it indicates that the 8MA is a sma, whereas Fozzy has indicated he uses an ema. Could that be your problem/difference?
CheersIgnored
Quoting accreteDislikedHi Dolf4, thx for the kudos on the "indicator" but with all the posts above you might have gathered that the jury is still out on it's accuracy. I do use the indicator at times on my daily chart these days, but it is not a primary tool in my arsenal. I just stopped by Fozzy's thread to say hello to my fellow traders...This is Fozzy's model, I'm just along for the ride : )
Good trading,
ThomIgnored