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(binned per thread starter’s request) MM (Money Maker) Detective

  • #201
  • Apr 27, 2019 3:04am Apr 27, 2019 3:04am
Quoting SwingMan
To simplify the charts a bit, you can only keep the lines for the fractals of Level-2 and Level-3.
Here is the Version 2 with some improvements.
@SwingMan -- very, very nice. And thanks for sharing the source code. As @acetrader accurately pointed out -- I'm a lazy SOB. So, when the opportunities are available I prefer to stand on the shoulders of giants rather than re-write source code from scratch. Yours will help a lot.

If you don't mind my asking -- why the "trend lines"? I mean, I know what a trend is -- at least I think I do. But why add those lines to your indicator? I'm currently looking at a EURUSD/M30 chart and the blue and red trend lines are pointing in different directions. Do you just connect the two most recent Level-2 FractalUps and FractalDns to get a general sense of the trend or are there additional clues you can glean from their directions.
  • #202
  • Apr 27, 2019 3:36am Apr 27, 2019 3:36am
Quoting SwingMan
To simplify the charts a bit, you can only keep the lines for the fractals of Level-2 and Level-3. Here is the Version 2 with some improvements. {image} {file}
This is sooo beautiful.. !! Very Big Thanks Master SwingMan..

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 170 KB


Wish You All The Best
NIH
Dog + Smile = Beautiful Day
  • #203
  • Apr 27, 2019 3:37am Apr 27, 2019 3:37am
Quoting robots4me
If you don't mind my asking -- why the "trend lines"?
The lines are nothing but "lines in the sand". Archimedes also drew strange lines when he was killed and said "Noli turbare circulos meos".

Tomy DeMark also draws trend lines to connect the last picks, one would also have to read his interpretations.

When I look at these lines, I notice many details, and maybe everyone will see something different.
- If the lines are parallel, is an established trend, and the breakthroughs are significant.
- If the lines run apart, you'll have to wait and see what happens and maybe wait for a new fractal Level-2.

Because sometimes, as is the case with the EURUSD/M30, the wicks are artificially long, you can write a version where you only consider the bodys of the candles.
  • #204
  • Apr 27, 2019 3:48am Apr 27, 2019 3:48am
Quoting moodybot
Mate, 2407 is a good read. Essential.
Acetrader could have presented his post to you slightly nicer but I wouldn't ban him from the thread.
Hello Moody -- you know, it really is unfair -- you were blessed with more than your fair share of wisdom and graciousness. I read many of your posts on @George's thread and even in the face of the most rude comments from certain members, you continually welcomed them with open arms. Too amazing...

With regards to @acetrader -- I don't like the idea of banning someone, but he needs to sit in the timeout chair. And, besides, he's probably relieved. This way he doesn't have to feel obliged to spoon feed me -- as if he really has anything of value to contribute. Most of us suffer from some degree of delusion -- some more than others. I asked a simple question -- politely -- and received an insult in return. In the past I had to work for people like that -- I had no choice, it was out of necessity. Hence the chip on my shoulder. But now that I have a choice I would choose to devote time and attention and energy to other people.

Back to targets...
Your explanations are great -- they're succinct and you explain things in a way most of us can understand and picture. A natural teacher...

At this point I'm not looking to substitute @George's methodology -- I don't understand it well enough and I'm missing many of the details. But if an indicator can be used to identify TOPS and BOTTOMS (i.e. potential targets) then that's of value, right? I like trading 28 pairs, and if manually drawing lines at multiple times frames was the only way @George's methodology worked then I would move on to something else -- regardless of how profitable it was. I'm just not a line-drawer.

@George is a one-man show. He mentioned many times there was no @George for him to learn from -- he developed his methodology by himself. I'm hoping that by putting this indicator -- that relieves the tediousness and subjectivity of drawing lines -- in the hands of many people that some will jump in and do some experimenting along with me. There are a lot of smart people out there and who knows what will shake out. Being free of having to manually draw TOP and BOTTOM lines, perhaps someone will make an interesting observation or combine this indicator with another that provides additional clues -- who knows. @George opened the door a little bit and I'm curious whether it can be opened wider...
  • #205
  • Apr 27, 2019 3:49am Apr 27, 2019 3:49am
Quoting Nih98
{quote} This is sooo beautiful.. !! Very Big Thanks Master SwingMan.. {image} Wish You All The Best NIH
Can you please elaborate how this indicator is improving your strategy?
You were already having a Fractal indicator to plot the lines, so where is better this indicator?
I'm just curious.
Thanks
  • #206
  • Apr 27, 2019 3:56am Apr 27, 2019 3:56am
Quoting robots4me
{quote} @SwingMan -- wow, these are beautiful charts. Since starting this thread and creating the MM Detective indicator I've gained a much better appreciation for fractals. Not only because they are built from repeating patterns but, also, because they are great for picking-out TOPS and BOTTOMS -- which is really useful. Also, I hadn't heard of higher level fractals until you shared your indicator in an earlier post -- thank you for opening my eyes. I look forward to incorporating higher level fractals and comparing results to 3-bar (or 5-bar)...
Robots4me,

You have taken upon yourself a worthy endeavor and are willing to share with the community. We are lucky to have you man...

Thanks
  • #207
  • Apr 27, 2019 4:00am Apr 27, 2019 4:00am
Below I'm posting a screen shot of the MTF version of the MM Detective indicator I've been working on. It is still a work in progress but coming along. I think it will be good enough to release some time next week. Since I've been accused of being lazy I guess I felt obliged to show some progress...

Attached Image (click to enlarge)
Click to Enlarge Name: MTF-prelim.png Size: 21 KB


Again -- just a preliminary version. This particular image shows 8 time frames (that's right, 8) on a single M15 chart. Actually -- that's not quite right. The indicator supports the time frames from M1 through W1. However, it can only display results for time frames above and including the current one. For example, in the M15 chart above the TOP and BOTTOM lines were computed for time frames M15, M30, H1, H4, D1, and W1. The color legend is in the upper-left corner. If you look closely, you can see that some lines from different time frames overlap. Whether these have any more significance than non-overlapping ones -- I don't know. I guess we'll see...
  • #208
  • Edited 4:32am Apr 27, 2019 4:01am | Edited 4:32am
Nice indicator swingman
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.PNG Size: 60 KB
Click to Enlarge Name: 3.PNG Size: 57 KB
  • #209
  • Edited 4:48am Apr 27, 2019 4:27am | Edited 4:48am
Quoting Merka
{quote} Can you please elaborate how this indicator is improving your strategy? You were already having a Fractal indicator to plot the lines, so where is better this indicator? I'm just curious. Thanks
Hi Bro, remember 3 levels semaphore indi that base on zig-zag, now this one like semaphore with more steroid and confidence.
With correct use of oscillator to determine current general bias, you could increase your winning strike.

Attached Image (click to enlarge)
Click to Enlarge Name: SwingMan Higher Fractal Level Indi Explanation 1.png Size: 157 KB


and at Daily chart level.

Attached Image (click to enlarge)
Click to Enlarge Name: SwingMan Higher Fractal Level Indi Explanation 2.png Size: 124 KB


Hope it help and have a nice weekend
NIH
Dog + Smile = Beautiful Day
  • #210
  • Apr 27, 2019 4:37am Apr 27, 2019 4:37am
Quoting Nih98
Hope it help ...
A very good explanation how to use the indicator!

As you do, it is much better to take the fractals with 1 bar left/right than the classic fractals (2/2).
  • #211
  • Apr 27, 2019 4:42am Apr 27, 2019 4:42am
Quoting Nih98
Hi Bro, remember 3 levels semaphore indi that base on zig-zag, now this one like semaphore with more steroid and confidence.
With correct use of oscillator to determine current general bias, you could increase your winning strike.
@Nih98 -- great explanations -- you make it look TOO easy -- thank you. I know the 3 level semaphore indi very well -- I used to use it a lot.
  • #212
  • Apr 27, 2019 4:47am Apr 27, 2019 4:47am
Quoting @SwingMan
As you do, it is much better to take the fractals with 1 bar left/right than the classic fractals (2/2).
@SwingMan -- why is that? Intuitively you would think the more bars required to qualify as a fractal (i.e. the greater the stringency) then the "stronger" the signal. Is there an explanation why 1/1 works better than 2/2, or is this more from observation?
  • #213
  • Apr 27, 2019 5:00am Apr 27, 2019 5:00am
Quoting moodybot
Eventually at the MM discretion they will return to collect.
@moodybot -- a question for you (or anyone else, for that matter). So -- the MM returns to collect accumulated cash (the stop losses). Why are many of these collections spikes? Couldn't the MM achieve the same collection with less dramatic (and obvious) price movements?

Is one of the MM's goals simply to keep the market moving up and down -- since the only way to make money is for prices to go up and down?
  • #214
  • Apr 27, 2019 5:10am Apr 27, 2019 5:10am
Quoting robots4me
Intuitively you would think the more bars required to qualify as a fractal (i.e. the greater the stringency) then the "stronger" the signal. Is there an explanation why 1/1 works better than 2/2, or is this more from observation?
No, the signal is not stronger ...

The fractals show in principle the local buy/sell relationships, and the other fractal levels further relationships, and are in principle no signals.

Several bars left/right dilute the information ...

For me, when I visually compared the 1/1 and 2/2 fractals, I felt better informed with the 1/1 fractals ...
  • #215
  • Apr 27, 2019 6:21am Apr 27, 2019 6:21am
SwingMan, wonderful job sir, thanks a lot.

I have attached two charts. The chart on top shows the levels I drew myself manually based on what I have understood from George's teachings (I have read every single post of his thread) and the bottom chart shows what SwingMan's indi drew. I have made similar comparisons for 6 currencies/indices I trade with 3 different time frames recommended and I get the similar picture on each of them. Draw your own conclusion.

Regards,
Blackeagle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDH4-OWN.png Size: 258 KB
Click to Enlarge Name: NZDUSDH4-INDI.png Size: 240 KB
  • #216
  • Apr 27, 2019 6:27am Apr 27, 2019 6:27am
Quoting Blackeagle
SwingMan, wonderful job sir, thanks a lot. I have attached two charts. The chart on top shows the levels I drew myself manually based on what I have understood from George's teachings (I have read every single post of his thread) and the bottom chart shows what SwingMan's indi drew. I have made similar comparisons for 6 currencies/indices I trade with 3 different time frames recommended and I get the similar picture on each of them. Draw your own conclusion. Regards, Blackeagle {image} {image}
Ofc swingman indicator is perfect, nothing missing and no mistakes unlike manual drawing of lines.

Quoting robots4me
{quote}But if an indicator can be used to identify TOPS and BOTTOMS (i.e. potential targets) then that's of value, right? I like trading 28 pairs, and if manually drawing lines at multiple times frames was the only way @George's methodology worked then I would move on to something else -- regardless of how profitable it was. I'm just not a line-drawer. @George is a one-man show. He mentioned many times there was no @George for him to learn from -- he developed his methodology by himself. I'm hoping that by putting this indicator -- that relieves...
That's what I have alluded to the indicator drawing of lines earlier on George's thread instead of manual drawing where often mistakes happen. Besides the restrictive nature of manual drawing. It's possible to get it on our phone.
  • #217
  • Apr 27, 2019 7:24am Apr 27, 2019 7:24am
Quoting SwingMan
No, the signal is not stronger ...
The fractals show in principle the local buy/sell relationships, and the other fractal levels further relationships, and are in principle no signals.
Several bars left/right dilute the information ...
For me, when I visually compared the 1/1 and 2/2 fractals, I felt better informed with the 1/1 fractals ...
@SwingMan -- interesting -- more bars dilute the information. Thanks very much for clarifying that. Going forward I'll be more respectful of 1/1 fractals...
  • #218
  • Apr 27, 2019 7:34am Apr 27, 2019 7:34am
This is an excellent thread - thanks for starting it Robots4me - a true gentleman. Have just discovered on a wet Saturday afternoon in UK
  • #219
  • Apr 27, 2019 7:48am Apr 27, 2019 7:48am
Quoting SwingMan
To simplify the charts a bit, you can only keep the lines for the fractals of Level-2 and Level-3. Here is the Version 2 with some improvements. {image} {file}
Hi Swingman,

Thank you so much for this indicator.

Could I ask something. Why is it that some fractals are represented by just a dot, while some of those dots are circled and yet others that are circled are enclosed in a box?

That must be some significance to the differences. I am not able to figure it out.

I would appreciate some help.

Thank you and have a great weekend.

Rajnidas
  • #220
  • Apr 27, 2019 7:53am Apr 27, 2019 7:53am
Quoting moody
I knew from previous experience that banning people opens up a can of worms, so I mentioned that to George at the start of his project.
@moodybot -- out of deference (I think that's the right word) to you, I've unignored @acetrader and he is more than welcome to the thread -- if he's still interested.

I'd also like to comment further on your excellent post #214 -- but I need a bit more time to digest it all
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