I look forward to you posting some trade setups within your framework....and some templates for other pairs.
Cheers
CanuckCT
Cheers
CanuckCT
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DislikedHow come when I load the template the green and red stripes stop back on October 6th?
Thanks so much for the great thread...Ignored
DislikedSteve, very impressive indeed! Areas of Supply & Demand stick out like a sore thumb on your template. I must say however I haven't yet been able to replicate this myself (though I haven't given up yet). For example the historical open is 1.0446, which I don't see ploted anywhere. The for historical High & Low do we should be using the absolute H & L ever? I don't think it is the H & L of that first month's candle? Already challenegd by the first steps I am already scratching my head. Anyway, perhaps step by step instructions how you construct this...Ignored
DislikedHere is an indi that will draw the phases.
As of now it does not draw the fibs between phases nor shows Historical high ,low, and open but will include that in the next version if required.
The input is obvious.
Cheers
PatIgnored
DislikedHe replied to this in Post #30..here you go: http://www.forexfactory.com/showpost...4&postcount=30Ignored
DislikedHi teemo,
I'm not sure about the way the open was plotted on the first template I posted, there should be a red line there. I made some small corrections over the past few days even though the original I posted was pretty straight. Anyway, this one definitely shows the open price in the right place. Red lines show open high and low.
I also had the ultimate fibs upside down which I corrected on this template. These are also updated with the rectangles through to the 10th.
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Ok, Instructions for making...Ignored
DislikedHere is an indi that will draw the phases.
As of now it does not draw the fibs between phases nor shows Historical high ,low, and open but will include that in the next version if required.
The input is obvious.
Cheers
PatIgnored
DislikedPat, thanks for creating this indi.
Steve, how are you determining the "Open" price. I see in Pat's indi that a value of 1.04608 is used as the Open. Is there a certain date attached to this?
Regards,
MarcIgnored
DislikedHi Marc, I'm using the data I have from IBFX. The earliest candle on the Monthly for the EU comes from the 4rth month of 1989. Gives the opening value as 1.0446. Its hitting all the highs and lows very nicely, but if someone has an earlier or somehow better value, they can certainly post it.
Thanks, SteveIgnored
DislikedI knew it wouldn't be long before tools for this approach would be developed. Kudos to Pat. I would suggest that Steve either indicate what the values are for each pair and program them into the indicator or save some templates for each pair and add to post one...just do something so there are not 12 different variations for the same pair.
Cheers
CanuckCTIgnored