ICCE. Bemac's Fib. Reverse Engineered

I'm opening this thread to continue discussion on the Indicator referred to at...

http://www.forexfactory.com/showthread.php?t=161044

---------Nov 3 2011-----------
What is ICCE?
ICCE is no more than a Visual Reference of where Support or Resistance MIGHT fall.
It was developed by me (with significant help from others) based on an idea I had in the nineties.

The Idea...
If I am not surprised to see Consolidation around the 50% level of a Standard Fib Extension, Why can't I assume CURRENT Consolidation might be the 50% Line of the Future?

Through Trial & Error I concluded that 47% & 52% should be the boundaries beyond 50% to Define the Consolidation Zone.
---------Nov 3 2011-----------

*EDIT ADD* ICCE Indicator for MT4
September 29 2001
Before you Download the File... Please Read this.
Download & install an Indicator.
1) Click the File
2) Select "Save File" and click 'OK'
3) Explore to the File Folder you want to Save it to (or create a New Folder)
4) Open the Folder & Click 'OK'

Cool. Now you have ICCE in your System. Let's get it into your MT4 program.

How I do it...
Open Two (2) instances of "Explore" from the Start Button on the Windows Task Bar (usually btm left corner of screen)
In the First Explore Window, Browse to the " Bemac Grid ICCE.mq4 " File you saved.
In the Second Explore Window, Browse to your Progarm Files/ MT4 Progam/Experts/Indicators folder.



Simply Drag the Indicator from Explore 1 to Indicators folder on Explore 2.

Close & Restart MT4
You should now find your New Indicator under "Custom Indicators" in your program.

B


I will leave that Thread OPEN as I think it could be very usefull in the future as this Indicator continues to be developed.

This Thread is for the purposes of {as the Forum suggests} Discussion on observations as to how to utilize it. {It's not worth much if it doesn't help add to my cargo.}

In an effort to keep the Thread organized, I have a special request;

Please use the Title option on all of Your Posts.

Why? Searchability.

I would like to offer a few suggestions for the Title bar.
1) Channel. this would indicate your post has a Point or Question regardin "The Channel"

2) Indi?. Your post has a Point or Question regardin "The Indicator"

3) New. Your post has a New variation of the Indicator.

4) Chart. Your post has a Chart attached.

5) General. None of the above.



And anything else you think may help keep the thread organized.

I have a{'n optimistic} feeling this thread could grow quite large, perhaps not but with your cooperation, this will help keep it organizied & interesting in the event that it does.

Thanks to ALL over at the Programming Thread.
A couple of noteables:
kd3726 {KD}. He got the ball rolling on the code. I'm not sure we would be here right now if it weren't for him

Cobra et al. Thanks friend. You got some great resources in personnel there.

smjones. Scotty {Ah hivnny goat thi powerrrr, Captain} But Always comes through. {huge Huge!}

And the quality control group;
Tradewell;
kenmania;
Tradewiser; http://www.forexfactory.com/showpost...&postcount=165

The feast is upon us.
__________________________________
My Personal preference settings as constructed by SMJ

http://www.forexfactory.com/attachme...0&d=1239217583

Lots to cover here folks but I shouldn't hog the mike.

Edit July 29 09
Cobra's ICCE Video Link
http://www.cobraforex.com/icce/icce.html


Let's go.
It's Open Mike time.

I followed the development of the indicator with great interest. I'm Looking forward to the discussions here regarding its use.

I'm looking forward to your Input to the Thread.

What aspect would You, ShamusFamous, like to see expounded?

I only ask because I would like to see All observers advance.

Take your time. No need to reply within 15 or so, Let's be Sure about this.
btw. did you miss the bit about "Titles"? this could have been Titled "General"

Bemac I don't know if a I made it clear, but any indicator I wrote and posted in your thread in the programming forum regarding reverse engineered fibs, bears your name in the copyright section. They belong to you.

Also, I have a request:
When anyone makes a change or alters the any of the indicators I posted, please keep the copyright the same to Bemac and also write detailed description of how to use the altered indicator and why it was changed and use a different and unique version number or letter.

thanks

Scott

Well; I guess that means; I still have a few friends around. Thanks Scott. Keep it that way as long as it is available to All FF Members, That's what I want.
Anyone tries to accumulate Gain by offering it will hit my "Hit List"

I know you are not amongst them & I appreciate that you took this into consideration before you even attempted the Code.

Thank you, my friend.

Geeesh. What would we be without them? Friends, that is? The alternative sounds quite Hollow to me.

Honor. btw. are you IN on the Knights thing? If not... I know somebody that might be able to asway some inquisition s#it....

I, for one, would appreciate having your views there.

'nuff for now. You should already know my appreciation for you. 10+

Closed Doors keep Honest People out.
The Rest is down to the baracudas.

I've fought a few so far & to date, never lost.

You put the first (& most Important) line of defence in your code. Thanks {yet again} Jonsey.

I really hope this post gives you one of those moments of "Internal Satisfaction & Joy" because that is exactly what I intended it to be.

Now THAT'S interesting: Check out the new Channel being formed in EUR/USD on the 15 Min TF.

This is EXACTLY what I look for.

Hi Bemac,

Can you please clarify what criteria you use to create your channel?

By the the way your work on this has been a real eye opener for me, many thanks

1.3165
1.3150

Who's gonna fold?
Dive & grab a few.
But that's not what we hope to pass along to you here.
This is about understanding Where it will waffle or move Against you on It's move to other realms.

Should You Exit? Never a problem with that if you are Positive Pips.

Should You Exit? I'm down a few hundred Pips...
Do some more reading. This is exactly what all those guys that spent the time & posted results as advice on How to Control Winners Vs Losers were trying to tell you. Don't miss the opportunity to add this to your quiver.

Hey Bemac,

Could be this an example,?

Perhaps one advantage I have over you is that I have {previously} been exposed to "Transactions In The Pit"

When "Transactions In The Pit" are running in a Horizontal format, it suggests to me that,
One Side is saying; OK, but only for a little while.
While the Other Side is saying; In Your Dreams buddy. We Have Control .

Our Job {as outsiders} is to measure & associate with One Or the Other. Bull Or Bear?

Waiver:
It is understood that you may be on One side of the Fence on One tick & on the other the Next.

Even if that proves your first choice wrong.
Learn How to Lose for you will.

Not the end but my Dogs ar running loose. Neighbour has them & I have to go pick them up.
25 Pip Fine Per if I don't get this done soon.
brb.

When Miss Pips arrives here, I want her to look at this picture. This is how the range was forming using her version of the indicator. It doesn't look right. Then after it finished drawing, I switched TF's and everything disappeared! It looks like there is some kind of bug when the range time straddles midnight. I was using 2300-0100 hours. I also set the indicator per your instructions Miss Pips.

And BTW, thanks Bemac for the energy to keep this going.

Sorry to be so slow to respond but;

Nice Catch. Looks real interesting to me.
Remember: this is not an EA, just a Heads Up to observe PA. to be Ready to pounce.

Please... All I want is a PinBar to confirm it all has to Jump.
The fact that I already have a couple of "IBS" {not Daily therefore not "'D'IBS"} also gets my crank rotating.

HEY: Jarroo & 'J' {JimJim}. Get yer butts in here. Y'know where it's headed after the FF majority say that it is worth something.
That being said. This is the birthplace which will Always be home & therefore retain the Allseeing Eye.

ie. As advanced as this Ind May become on any site on any forum or thread, the Most succinct functinal version should Always be availabe on this Thread. {to the best of my ability, I will envoke this.}

This is the version of the indicator that I like the best (right now- haven't tried them all yet).

It's the one Cobra posted where you can adjust the line width.

Well I found my entry bar and placed a buy stop 1 pip above the bar. Closed half at the TOP and moved to BE. Letting the second half run to see what happens.

My suspicion is that it's going to run back to the channel that Bemac posted earlier.

I think you are correct. I have two charts on this one for the channel from Bemac and one for the channel I set up at the close of the day. I will follow them both. The one from the close is what I traded off now and will be cognoscente of the other.

Given the bank holiday, we could also bounce like a ping-pong ball between the channel and the lower fibs.

I pushing for 62.50%, which happens to be the BOT of Bemac's channel. We will see. It is no risk and I have some in the bank now, so it's all good.