Hi RB4
Great thread.
Instead of using HA you could also go to properties and tick "Chart on foreground "
Cheers Eamonn
Great thread.
Instead of using HA you could also go to properties and tick "Chart on foreground "
Cheers Eamonn
1
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DislikedHi RB4 Great thread. Instead of using HA you could also go to properties and tick "Chart on foreground " Cheers EamonnIgnored
Disliked{quote} I don't trade below M30, so when it comes to M1 I'm a "fish out of water". Using the Sinewaves-Return-To-Mean indicator it looks to me like a Double Top might be forming. Plus the SMA(128) extension looks to continue to track with PA. So, I'm not sure I would have gone long. Let's see how it goes -- and, if I'm wrong, it would be the first time. And my wife would confirm that... {image}Ignored
DislikedA new indicator -- R4M-Sinewaves-Return-To-Mean. I think you're going to like this one. It is based on @parisboy's post #320 (https://www.forexfactory.com/thread/...9#post13952669) where he introduced a new and simple concept -- "Sinewaves Return To Mean". {image} Note that in the settings you can change which two SMA's to compare. The default is SMA(16) and SMA(128). Check-out the chart below -- this is way too cool. I've attached multiple instances of this indi to the same chart -- SMAs 16x128, 32x128 and 64x128. Notice how...Ignored
Disliked{quote} And then a light bulb went on. Wave theory and its applied fallout can only provide us with a DIRECTION. No entries. No exits. Only a direction. We are left to our own devices to figure out where to Enter / Exit a trade. You'll note that all the extra lines that we draw from this crossing to that crossing in an effort to guesstimate a good Entry / Exit have absolutely nothing to do with waves. Rather, they are based on empirical observations of what seems to work. My point is that wave theory goes as far as providing a direction, but for Entries / Exits the burden falls on us. Furthermore, the large backshift applied to the SMA lines means that when trading in real-time the SMA lines drawn on the chart aren't even using the most recent price data. With that, the debate in my head ended and I decided to take a look at fractals...Ignored
Disliked...With that out of the way, the fractal indicator that I used in that earlier chart comes from master @SwingMan's beautiful fractal indicator. It supports 3 fractal Levels -- Level 1 fractals use a 3-candle pattern, Level 2 fractals use a 5-candle pattern, and Level 3 fractals use a 7-candle pattern. Needless to say, Level 3 fractals are the most strict...Ignored
Disliked{quote} R4M Even if I like very much when you debate with yourself., this statement is just not true. It is just oui-dire repeated blindly without any verification by many posters (kind of "it repaints" thing.) A Centered Moving Average uses ALL the available price data, the most recent included. The difference with a "common" Moving Average , commonly used whatever its calculation , is that the last calculated result (including the most recent data) sees its POSITION offsetted back of 1/2 period. Profit Magic Chapter 3, page 65 HOW TO PLOT...Ignored
Disliked{quote} Dear @R4M, I am glad to know that at least you have found interesting what I have posted from time to time, and thank you for your commitment and your last indicators! The fractal indicator is indeed an interesting tool, and one could extend it further with Lindsay's original Trident Trading Strategy. I have to make one short comment, and although your definition of the levels is not entirely correct, the end result is correct. This reminded me of a short story I posted on the forum many years ago after my trip...Ignored
Disliked{quote} R4M Even if I like very much when you debate with yourself., this statement is just not true. It is just oui-dire repeated blindly without any verification by many posters (kind of "it repaints" thing.) A Centered Moving Average uses ALL the available price data, the most recent included. The difference with a "common" Moving Average , commonly used whatever its calculation , is that the last calculated result (including the most recent data) sees its POSITION offsetted back of 1/2 period. Profit Magic Chapter 3, page 65 HOW TO PLOT...Ignored
Disliked{quote} R4M Even if I like very much when you debate with yourself., this statement is just not true. It is just oui-dire repeated blindly without any verification by many posters (kind of "it repaints" thing.) A Centered Moving Average uses ALL the available price data, the most recent included. The difference with a "common" Moving Average , commonly used whatever its calculation , is that the last calculated result (including the most recent data) sees its POSITION offsetted back of 1/2 period. Profit Magic Chapter 3, page 65 HOW TO PLOT...Ignored
Disliked{quote} Tons of clues are also given by Inverse Moving Averages. You just substract your 5 Simple (Centered) Moving Averages from Price Action one at a time. A piece of cake to code. You plot the result as points about a "zero" baseline, but using Histograms or vertical lines from zero to the value of the difference seems to provide the eye withh more information. At least it is what Jim Hurst writes in Profit Magic , page 109 to 112Ignored