DislikedOK here are the charts, i'll remove them later as i got them kinda big so you can see were my low is compaired to the previous matching low - was my first review.
Also i'm looking at 1h 4h daily charts nothing lowerIgnored
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DislikedOK here are the charts, i'll remove them later as i got them kinda big so you can see were my low is compaired to the previous matching low - was my first review.
Also i'm looking at 1h 4h daily charts nothing lowerIgnored
DislikedHello Bytebodger,
i like your way of thinkin'. I've created indy which should count bars for you.
Happy pips,
D3traxIgnored
Disliked@bytebodger: thanks for sharing your idea!!
@d3trax: great indicator! but could you please shift the numbers above the bars a little bit higher? the numbers under the bars are placed correctly but the others are placed directly in the bars. just have a look...
thanks!!Ignored
DislikedAye,
i moved "above" numbers a bit and added "height_shift" variable which sets distance from high/low...
Happy pips,
D3traxIgnored
DislikedBytebodger,
Great bar counting concept for identifying existing trends and reversal points! Trend is something that is easy to define in retrospect--harder in real time. But your method appears to be a simple and effective way to objectively identify current direction for early entries. Thanks for sharing this.Ignored
DislikedA question for the OP for clarification: how do you deal with equal closes? It seems to fall outside of your rules in post #5. However I note an equal close bar (on post #5) following the -14 bar that is marked with a green zero on top. I believe Metatrader's coloring scheme counts equal closes as green bars. Do you have a rule for equal closes?
Thanks!Ignored
Dislikedfor MPP:
yeh, problem is that text objects ( written numbers) are positioned by pips - so 10pixel font looks still same but offset must be changed for both low/high placements... that's reason why i created v3, which contains settings for both low and high placements. I'm not sure if it's possible to change position dynamically based on selected TF. If someone know, please gimme advice ...
Happy pips,
D3traxIgnored
DislikedA question for the OP for clarification: how do you deal with equal closes? It seems to fall outside of your rules in post #5. However I note an equal close bar (on post #5) following the -14 bar that is marked with a green zero on top. I believe Metatrader's coloring scheme counts equal closes as green bars. Do you have a rule for equal closes?Ignored
Hope this helps...
Dislikedhere's a 1h and 4h chart , with version 2 of the indy,
Attachment
although the numbers seem high, it still looks like the count is giving me a trend in the long direction, as the high point was a larger number than the low point, and the green numbers on the swings in between are pulling bigger numbers than the retracementsIgnored
Dislikedhere's a 1h and 4h chart , with version 2 of the indy,
Attachment
although the numbers seem high, it still looks like the count is giving me a trend in the long direction, as the high point was a larger number than the low point, and the green numbers on the swings in between are pulling bigger numbers than the retracementsIgnored
DislikedAnd looking at the H4 chart, I see a similar stalemate. If you held a gun to my head and forced me to pick a direction, I would pick "down" because the most recent downtrend has a strength of 5. The most recent uptrend has a strength of 0 - so this means that I go back to the previous uptrend which has a strength of 4. So, technically speaking, the bears seem to have a +1 advantage on the bulls, but I'm not claiming that advantage is substantial.
Does that help?Ignored