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The Great Pumpkin

  • #121
  • Edited 12:35pm Feb 20, 2018 10:31am | Edited 12:35pm
Note to self: It is REALLY difficult to write an EA that works all the time.

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The Balance curve basically indicates that it is not worthwhile running this EA outside the NY session. Only then the price movements are sufficiently large for it to break even in slower market conditions. In trends it should work...
I’ll keep it running till the end of the week and make modifications then.
k
  • #122
  • Feb 24, 2018 2:20pm Feb 24, 2018 2:20pm
Quoting kprsa
An interesting metaphor, from the booklet The Egg of Columbus of G. Bayer (PDF easily found on the net). He postulates a standard pattern of growth and decay of stocks and commodities. He (with some humour) compares it to the course of the dinner (bull phase), and later relieving at the toilet (bear phase). Overall it looks like an Elliott wave pattern. {image}
A virtually identical market cycle structure seems to crystallize from the teachings of Sukyu Honma, an 18th century Japanese rice trader. Described in detail in the “The secret code of Japanese candlesticks” by Felipe Tudela.

k
  • #123
  • Mar 2, 2018 2:09pm Mar 2, 2018 2:09pm
Chart dump. Always simplifying.

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  • #124
  • Mar 5, 2018 10:32am Mar 5, 2018 10:32am
Oil chart dump.
Managed to catch the first pullback using the (modified) MIDAS method. Now waiting for trend to stop, i.e. the pitchfork to stop being relevant. The price may have overshot now, but oil impulse moves can be quite crazy...

k

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  • #125
  • Mar 5, 2018 11:06am Mar 5, 2018 11:06am
Another modified MIDAS Method
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  • #126
  • Mar 5, 2018 4:45pm Mar 5, 2018 4:45pm
Quoting parisboy
Another modified MIDAS Method {image}
I think I know what you did there...
Looks great and doesn’t lag. REALLY impressive.
Thanks for sharing!
Cheers,
k
  • #127
  • Edited 9:19am Mar 6, 2018 7:54am | Edited 9:19am
Quoting kprsa
{quote} I think I know what you did there... Looks great and doesn’t lag. REALLY impressive. Thanks for sharing! Cheers, k

very simple !

a) you start from a significant Low as Pivot / Launch Point
b) you use the Low value of OHLC
c) you multiply each day the Low value by the Volume Price x Volume (PV)
d) you sum all PV = Sum PV since the Launch Point
e) you sum all Volumes = Sum Volumes since the Launch Point
f) you divide daily both moving Sums : Sum PV / Sum Volumes


it gives you the Support Curve (in blue)

Then you add 1, 2, 3 ... Gann Octaves to the Support Curves and you have the Displaced Support Curve
If needed you diminish the Support Curve from 1, 2, 3 Octaves etc

If your Launch Point is a significant Top

- you use the High of OHLC
- you generate with the same methodology a Resistance Curve
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  • #128
  • Mar 6, 2018 8:59am Mar 6, 2018 8:59am
Quoting parisboy
{quote} very simple !
Many thanks for the details! This could potentially be the most useful indicator I've seen.
(The Midas is already super-useful, but this gives it a new dimension.)
Would you be OK if I programmed it for TradingView (I'll leave the source open)?
Best,
k
  • #129
  • Mar 6, 2018 9:18am Mar 6, 2018 9:18am
Quoting kprsa
{quote} Many thanks for the details! This could potentially be the most useful indicator I've seen. (The Midas is already super-useful, but this gives it a new dimension.) Would you be OK if I programmed it for TradingView (I'll leave the source open)? Best, k
kprsa no problem I have no copyright on Levine's work who specifically gives it free to us !

I found the idea of the Displaced Curves in Midas Technical Analysis of Coles and Hawkins

My contribution was just to use the Gann Octave / Vibration to build the Displaced Curves
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  • #130
  • Mar 6, 2018 9:21am Mar 6, 2018 9:21am
Quoting parisboy
{quote} kprsa no problem I have no copyright on Levine's work who specifically gives it free to us ! I found the idea of the Displaced Curves in Midas Technical Analysis of Coles and Hawkins My contribution was just to use the Gann Octave / Vibration to build the Displaced Curves {image}
I have that book also! I must re-read it...
Cheers,
k
  • #131
  • Mar 6, 2018 9:25am Mar 6, 2018 9:25am
Quoting kprsa
{quote} I have that book also! I must re-read it... Cheers, k
Chapter 14 A MIDAS Displacement Channel for Congested Market

Chapter 15 MIDAS and Standard Deviation Bands
  • #132
  • Edited 9:57am Mar 6, 2018 9:39am | Edited 9:57am
An interesting point is that Volume Activity has almost no effect on the Support or Resistance Curve (in blue) if you compare with the "Nominal Curve" (in red)

Nominal Curve (in red) has the same volume for each time unit
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  • #133
  • Mar 6, 2018 12:21pm Mar 6, 2018 12:21pm
Quoting parisboy
An interesting point is that Volume Activity has almost no effect on the Support or Resistance Curve (in blue) if you compare with the "Nominal Curve" (in red) Nominal Curve (in red) has the same volume for each time unit {image}
I agree, it is difficult to distinguish between the anchored simple moving average (=equal volume for each bar) and the anchored volume-weighted MA (Midas). I just have a feeling that "below the bars" there are ticks, and the VWMA would kind of correspond to the simple moving average average on that, "real", tick chart. In practice, the difference is tiny.

Cheers,
k
  • #134
  • Mar 7, 2018 12:04am Mar 7, 2018 12:04am
Midas envelopes mt4 version

Usage:
1. One places a Vertical Line on the graph.
2. Rename the vertical line to "V1" (or whatever short name you prefer)
3. Put the indicator on the graph
4. Select the parameters

Attached File(s)
File Type: mq4 midas_envelopes.mq4   2 KB | 569 downloads


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Cheers,
k
  • #135
  • Mar 7, 2018 12:51am Mar 7, 2018 12:51am
Quoting kprsa
{quote} Many thanks for the details! This could potentially be the most useful indicator I've seen. (The Midas is already super-useful, but this gives it a new dimension.) Would you be OK if I programmed it for TradingView (I'll leave the source open)? Best, k
The TradingView script midas_envelopes is here. It can also be found among the public indicators.
Due to technical restrictions in the TV scripting language, one must specify the date and time of the significant high or low, rather than plotting a vertical line which I find more convenient.
Please note that internally TV uses the exchange time, which may differ by a few hours from one's preferenced timezone (for example my timezone differs from the oil exchange's timezone by 6 hours).

Cheers,
k

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  • #136
  • Mar 7, 2018 2:50am Mar 7, 2018 2:50am
Quoting kprsa
{quote} The TradingView script midas_envelopes is here. It can also be found among the public indicators. Due to technical restrictions in the TV scripting language, one must specify the date and time of the significant high or low, rather than plotting a vertical line which I find more convenient. Please note that internally TV uses the exchange time, which may differ by a few hours from one's preferenced timezone (for example my timezone differs from the oil exchange's timezone...
Nice and useful work in both cases !
  • #137
  • Mar 7, 2018 7:42am Mar 7, 2018 7:42am
Quoting kprsa
Midas envelopes mt4 version Usage: 1. One places a Vertical Line on the graph. 2. Rename the vertical line to "V1" (or whatever short name you prefer) 3. Put the indicator on the graph 4. Select the parameters {file} {image} Cheers, k
Thank you very much kprsa.
Based on your great code, i made a small modification to fullfil my needs. Previously i do not understand where to start, but toDay i think i made it, still not sure how to get the pivot, i just take the Low or High value to calculate them. It is an example of EU with 1Min chart, could you please give any comment whether is it right or not ?
Thanks
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  • #138
  • Mar 7, 2018 8:23am Mar 7, 2018 8:23am
Quoting newhope
{quote} Thank you very much kprsa. Based on your great code, i made a small modification to fullfil my needs. Previously i do not understand where to start, but toDay i think i made it, still not sure how to get the pivot, i just take the Low or High value to calculate them. It is an example of EU with 1Min chart, could you please give any comment whether is it right or not ? Thanks {image}
Pivot selection 1 minute
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  • #139
  • Mar 7, 2018 8:24am Mar 7, 2018 8:24am
Quoting newhope
{quote} Thank you very much kprsa. Based on your great code, i made a small modification to fullfil my needs. Previously i do not understand where to start, but toDay i think i made it, still not sure how to get the pivot, i just take the Low or High value to calculate them. It is an example of EU with 1Min chart, could you please give any comment whether is it right or not ? Thanks {image}
Pivot selection 5 minutes
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  • #140
  • Mar 7, 2018 8:41am Mar 7, 2018 8:41am
Quoting parisboy
{quote} Pivot selection 1 minute {image}
Thanks a lot parisboy. Is there a rule for lookbackbars (based on EoD) ?
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