Analysis and Trading based on Envelopes, Waves, Cycles
- #768
- Edited Mar 7, 2018 7:00am Mar 6, 2018 7:25am | Edited Mar 7, 2018 7:00am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #769
- Mar 6, 2018 8:51am Mar 6, 2018 8:51am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
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 both 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
{quote} I think I know what you did there... Looks great and doesn’t lag. REALLY impressive.
Thanks for sharing! Cheers, kvery 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 both 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
- #774
- Edited 7:04am Mar 7, 2018 6:13am | Edited 7:04am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
Pairsboy, Not being a member of Mensa I am looking for a very simple way to scalp a few pips that's not too taxing for my head and eyes, the thing I struggle with is the -16 bar set back, then I thought of the purpose of the Chikou Span line in the Ichimko Kinko Hyo Method, if I am correct its to tell what the trend was x number of bars in the past, then I thought of the Bill Williams Method and how he advances his Alligator With all this in mind I just need to lose my own money with my own slant on things still using some of my old tools, no matter...
I am not a member of Mensa too, because I only use multiplication and division by 2 !
Each methodology has to fit someone. May be Envelope methodology does not fit you.
Anyway this Envelope methodology gives you the direction of 3 different Trends within the price Action and a very good approximation of the Amplitude of the price Action. This can be useful to everybody.
As for the - 16 bar offset back it is just relative to the correct building of the Centered Moving Average 32 Time Units and the subsequent Envelope.
Then same offset is used to align the 2 Other Envelope 128 and 256
As for the 16 bar offset back , it has just a superficial optical link with Ichimoku Chikou Span
Note that the Chikou Span and other Ichimoku Lines are not justified, explained, you just use it ..... or not.
- #775
- Mar 7, 2018 6:17am Mar 7, 2018 6:17am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} OAPDave I am not a member of Mensa too, because I only use multiplication and division by 2 !
- #777
- Edited 11:39am Mar 7, 2018 9:15am | Edited 11:39am
Hi Parisboy ,OapDave,
We need to lag -16 bars to fit the envelloppes ,but for trade enveloppes and Ma levels (horizontal levels) we don't need to lag.
As chikou is price lagged (-16) .
We need to lag -16 bars to fit the envelloppes ,but for trade enveloppes and Ma levels (horizontal levels) we don't need to lag.
As chikou is price lagged (-16) .
KISS&V :Keep it simple safe & visual
- #778
- Mar 7, 2018 9:50am Mar 7, 2018 9:50am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
Hi Parisboy ,OapDave, We need to lag -16 bars to fit the envelloppes ,but for trade enveloppes and Ma levels (horizontal levels) we don't need to lag. As chikou is price lagged (-16) .
