and here is the false signals that the indicator decline them:
stochastic indicator gave sell but OGT gave buy.
stochastic indicator gave sell but OGT gave buy.
and here is the false signals that the indicator decline them: stochastic indicator gave sell but OGT gave buy. {image}{image}
Hi Metac,
The indicator is designed to spot engulfing bar, pinbar, marubozu and inside bars. It is not designed to give you signal. So basically it alerts you for certain formations. For these formations to be more accurate it has to be in confluence with a zone (static or dynamic). Otherwise it has a higher chance to fail.
So if it is in the right spot you don't need to look at stochastic. If stochastic is a reference for you then try using stochastic alone and see how many times you will fail
.Regards,
Hi guys,
I'm so proud to be sharing v1.3 of the OGT Price Action Indicator. The amount of feedback I've had has been insane, and I hope it continues with the latest version.
A lot of traders have been asking to only show signals that are with the trend for the respective time frame they are trading. This is why I've added a a 6 EMA filter which all have to be aligned in order to constitute an up or down trend. The EMAs are fixed and they are from Daryl Guppy's GMMA trend trading theory.
The 6 EMAs are - 30, 35, 40, 45, 50, 60. These EMAs simulate what the long term investors are doing, according to Guppy. When all EMAs are aligned it will only show Pin Bar, Engulfing and Marubozu signals that are with the trend. It's not applicable to Doji or Inside Bars as these are indecision candles.
To turn this feature on, all you need to do is enable the MA Filter. If this is disabled, it will be like running v1.2. All the usual features everyone loves is still the same. I believe we are coming closer to potentially an all in one trading system, and may even become an EA one day!
The download and tutorial video is below. Please let me know your thoughts and any improvements for future versions.
Enabling Trend Signals
Tutorial & Features Video
I'm so proud to be sharing v1.3 of the OGT Price Action Indicator. The amount of feedback I've had has been insane, and I hope it continues with the latest version.
A lot of traders have been asking to only show signals that are with the trend for the respective time frame they are trading. This is why I've added a a 6 EMA filter which all have to be aligned in order to constitute an up or down trend. The EMAs are fixed and they are from Daryl Guppy's GMMA trend trading theory.
The 6 EMAs are - 30, 35, 40, 45, 50, 60. These EMAs simulate what the long term investors are doing, according to Guppy. When all EMAs are aligned it will only show Pin Bar, Engulfing and Marubozu signals that are with the trend. It's not applicable to Doji or Inside Bars as these are indecision candles.
To turn this feature on, all you need to do is enable the MA Filter. If this is disabled, it will be like running v1.2. All the usual features everyone loves is still the same. I believe we are coming closer to potentially an all in one trading system, and may even become an EA one day!
The download and tutorial video is below. Please let me know your thoughts and any improvements for future versions.
Enabling Trend Signals
Tutorial & Features Video
Inserted Video
Never stop investing. Never stop improving. Never stop doing something new
- #230
- Mar 19, 2019 4:20pm Mar 19, 2019 4:20pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
This Pin Bar in the middle of range, should be at extreme top or bottom, might still work, but this pair seems to change it's mind quickly
Also at last weeks low, possible breakout, and away it goes ???
Thanks for new version zoheb01 - I'm running without the filter, otherwise it will miss those extreme top and bottom Pin Bars, right?
Also, on this chart there is "FindPinBars" - it made that star and dot indication
good trading to all
Also at last weeks low, possible breakout, and away it goes ???
Thanks for new version zoheb01 - I'm running without the filter, otherwise it will miss those extreme top and bottom Pin Bars, right?
Also, on this chart there is "FindPinBars" - it made that star and dot indication
good trading to all
It takes a lot for me to IGNORE you, but you can try.
- #237
- Mar 23, 2019 2:38am Mar 23, 2019 2:38am
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
{quote} I am sorry for uploading parameters details frequently,it did not happen by changing candle range to 1, would you please look at all parameters and if I need to change anything else? or if I need to check it after market opens on Monday? Thanks {image}
If you drop the Minimum Body % to 64 those signals might show, I even got an extra one!
Good luck, and please learn the tools you are using before actually trading!
It takes a lot for me to IGNORE you, but you can try.
- #239
- Mar 24, 2019 6:13pm Mar 24, 2019 6:13pm
- Joined Jul 2011 | Status: Gold Again | 10,567 Posts
SUB this tread. Can tell me settings ENGULFING H1 H4 ? Thanks.
that's YOUR settings!
It takes a lot for me to IGNORE you, but you can try.
