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Attachments: Analysis and Trading based on Envelopes, Waves, Cycles
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Analysis and Trading based on Envelopes, Waves, Cycles

  • #11,981
  • Dec 17, 2023 7:05am Dec 17, 2023 7:05am
My Basic Grid Tool Box
64 32 16
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  • #11,982
  • Dec 17, 2023 8:34am Dec 17, 2023 8:34am
Quoting acetrader
Parisboy & Anyone else that would like to weigh in on this question. If we take a 200 EMA, applied to Median Price (HL/2) & set levels at 400, 600, & 800 Above & Below the 200 EMA do you see the as a form cycles? I had already received the views of another trader who I greatly value their views, so now I would like to hear from others willing to share their views. What I look for with this set up are what happens when price reaches the extreme levels ABOVE & BELOW the 200 EMA. There is always a turn back toward the center, but @ times the turn never...
Ace could you post a chart please because I do not understand your question linked to the 200 EMA
  • #11,983
  • Dec 17, 2023 11:30am Dec 17, 2023 11:30am
Quoting tmpascoe
{quote} I guess that's related to my dislike of cluttered charts. I like to keep the lines faint so they don't obscure the price action. Tradingview will usually offer color change & adjustment options automatically (see my CMA channels indicator) but hasn't done that with the MML indicator. I'm guessing that's because the two indicators use very different methods to draw the lines. I will need to investigate that further if you're struggling to see the lines. If we select a high and low to calculate the grid we'll still get the same grid parameters...
Thanks a lot Terry.

I am also against "cluttering and "mixing" indicators on the same chart (only AFTER having used them individually. A synthesis can be useful to show confluence.

Changing color IMHO is mandatory when you change the background of a chart on TV.
Changing the thickness of a Line is also useful if you want to underline some specific situation.

I have no problem to manually updating my charts. I do that with Excel since 1998.

I even consider having to manually updating my chart gives me a capital information : Price Action has developed up to the point and the time where what OAPDave labelled as a "Chart Shift" (i.e a Frame Shift) is mandatory. Generally You need to double your Square At least your Time Parameter, but at some point you need to Double the whole Square.
  • #11,984
  • Dec 17, 2023 4:44pm Dec 17, 2023 4:44pm
Quotes from a certain manual
We need to look at Chart 3 since this stock is trading down in this current MMTL 0/8ths/ths to 8/8ths which is set to
THE LAST HIGHS AND LOWS (INSIDE THE 16 DAY TRADING FRAME PLUS 16 MORE DAYS
which is done for you automatically so you don't have to count it

the Time Frame the past 16 days plus 16 more days, but again, the software sets all these MM Pure Logic equations for you


Traders love to trade off the 16 day MM Trading Frame
This trading frame gives you the best MM Speed per 1/8thwhen markets come of extreme lows or highs

Experienced MM Traders enjoy trading off 16 day frames
We should always be willing to sell 50% of our positions with a+2/8ths move up or down

Winning less more often will make you more in less time
  • #11,985
  • Dec 17, 2023 6:15pm Dec 17, 2023 6:15pm
fOR FISHERMEN ;


Here is a simple method to catch fish.

1. Acquire your choice of fishing net, there are many of them now.

2. Using the master fisherman's rules, do not risk more than 10% of your bait on any one cast. THIS IS CRITICAL.

3. Wait until the fish swim within 1/8 th of the bottom or rises to within 1/8th of the surface of the water.

4. Verify that your fish have swam AT LEAST 5/8 ths the distance of the lake so that they will be tired.

5. Wait until they swim back toward your boat at least 1/8 th

6. Cast your line


7. If the fish take your bait off the hook and swim away more than 1/8 th, then reel your hook back in and wait for the next opportunity.

8. DO NOT FORGET TO NEVER RISK MORE THAN 10% OF YOUR BAIT ON ANY SINGLE CAST!!!!!

9. Do not cast too many lines.

10. Do not chase fast moving fish, the slower ones are easier to manage.

Hope this helps
  • #11,986
  • Edited 10:50pm Dec 17, 2023 6:21pm | Edited 10:50pm
Quoting parisboy
{quote} Thanks a lot Terry. I am also against "cluttering and "mixing" indicators on the same chart (only AFTER having used them individually. A synthesis can be useful to show confluence. Changing color IMHO is mandatory when you change the background of a chart on TV. Changing the thickness of a Line is also useful if you want to underline some specific situation. I have no problem to manually updating my charts. I do that with Excel since 1998. I even consider having to manually updating my chart gives me a capital information : Price Action...
Tradingview say that as long as all colours are hard programmed into the code they will be user adjustable in the indicator. I've checked and double checked, and all of the colours are correctly programmed, however it still doesn't allow user control. From what I'm reading, others are having similar issues so I suspect this may be a bug from within pinescript itself, meaning I can't fix it.

Here's a version of the indicator with colours designed to be visible on a white background.
https://www.tradingview.com/script/R...h-Lines-Alain/
  • #11,987
  • Dec 17, 2023 6:37pm Dec 17, 2023 6:37pm
Quoting tmpascoe
{quote} Tradingview say that as long as all colours are hard programmed into the code they will be user adjustable in the indicator. I've checked and double checked, and all of the colours are correctly programmed, however it still doesn't allow user control. From what I'm reading, others are having similar issues so I suspect this may be a bug from within pinescript itself, meaning I can't fix it. Here's a version of the indicator with colours designed to be visible on a white background. Additionally the high and low is manually selectable, however...
Thank you Terry

I will test it tomorrow
  • #11,988
  • Dec 17, 2023 11:32pm Dec 17, 2023 11:32pm
For those that are using the Murrey Math indicator for TV, there are now 2 versions.

Dark version for dark screens - https://www.tradingview.com/script/A...ey-Math-Lines/

Light version for...you guessed it...lightscreens - https://www.tradingview.com/script/R...h-Lines-Alain/

You no longer need to set frame size, simply drag the start line to the position where you want the grid to start from. The indicator will determine the high & low between the start point & the current bar. It'll then calculate the grid dimensions based on that.
You then need to set the time increments so that the vertical time lines match the points where price changes direction or accelerates.

Thuis should be far more visible on your screen
  • #11,989
  • Dec 18, 2023 3:52am Dec 18, 2023 3:52am
Quoting OAPDave
My Basic Grid Tool Box 64 32 16 {image} {image} {image}
So what determines the starting point of your grid Dave? It doesn't appear to be aligned with a low/high.
  • #11,990
  • Dec 18, 2023 4:53am Dec 18, 2023 4:53am
BTCUSD 1 mn

not the last Terry's script version
but principles are sound and operative
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  • #11,991
  • Dec 18, 2023 4:58am Dec 18, 2023 4:58am
Quoting parisboy
BTCUSD 1 mn not the last Terry's script version but principles are sound and operative {image} {image}
  • #11,992
  • Dec 18, 2023 5:13am Dec 18, 2023 5:13am
new version works too ! with white background

you just need to stimulate and challenge a little the master chief programmer and the director of development !
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  • #11,993
  • Dec 18, 2023 5:18am Dec 18, 2023 5:18am
great in black too !
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  • #11,994
  • Dec 18, 2023 5:27am Dec 18, 2023 5:27am
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  • #11,995
  • Dec 18, 2023 5:31am Dec 18, 2023 5:31am
Another today:
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  • #11,996
  • Dec 18, 2023 5:32am Dec 18, 2023 5:32am
Quoting parisboy
{image}
The problem you'll notice using the "light version" in dark mode is that the parallel lines & speed lines will not be visible. If you use the "dark version" with a black background you'll be able to see both the parallel & speed lines
  • #11,997
  • Dec 18, 2023 5:34am Dec 18, 2023 5:34am
Wash Rinse Repeat :-)
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  • #11,998
  • Dec 18, 2023 5:37am Dec 18, 2023 5:37am
Dark Mode version
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  • #11,999
  • Dec 18, 2023 5:38am Dec 18, 2023 5:38am
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  • #12,000
  • Dec 18, 2023 5:45am Dec 18, 2023 5:45am
Quoting tmpascoe
{quote} The problem you'll notice using the "light version" in dark mode is that the parallel lines & speed lines will not be visible. If you use the "dark version" with a black background you'll be able to see both the parallel & speed lines
no Speed Lines
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