DislikedHi Basber,
thanks for answering. I am not good with uploading charts but please let me explain. What I mean is crossing of the PA with the Coral (THV4 system) which is a MA (60 AFAIK) in itself. First I noticed it for EURUSD and GBPUSD only, but lately I recognized the phenomenon for USDJPY too.
When the PA wants to cross the coral it bounces off with several candles (the lows (or highs) of the candles tip onto the curve and bounce off), and more often than not is not able to to cross it but bounces off completely after several attempts (the...Ignored
We have a convention here, and it should be used on all threads....start your post with the pair ID(s) you are going to talk about, so we all know what's what, and finish your post with a chart....so we can see what the dickens you are mumbling about!
This is NOT the THV thread and we don't use the coral indy. First of all, the coral is just another way of displaying a moving average line. But second of all, it smooths out the line totally destroying any early signs of change.
The 1st chart below shows the SonicR Dragon and Trend.
The 2nd chart shows the coral Dragon I have developed modifying Strateman's code. The coral is set to "34"
The 3rd chart shows the THV coral added to the SonicR chart. The coral is set to "55" which was, and maybe still is, the standard used by Cobra. I have made the colors bright as possible so we can all see it. And, as we can all see, the coral with a setting of "55" tends to replicate the Dragon (34emas) but lags it a bit.
All this is to demonstrate that there is nothing special about the coral. It is just another way of calculatiing a moving average, applying mathematical gyrations to smooth out results, and which could also destroy early clues to directional change.
Hey, so what if PA bounces repeatedly off of a moving average....or Madison Avenue.....or, Wall Street! We trade what the market gives us.