My World with the Russian Dolls
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Analysis and Trading based on Envelopes, Waves, Cycles
- #12,503
- Edited 10:07am Jan 13, 2024 9:31am | Edited 10:07am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #12,505
- Edited 1:05am Jan 14, 2024 12:04am | Edited 1:05am
This is a Top/BottomFinder by Paul Levine.
The Top/Bottom Finder is based on Levine's belief that each trend has a fixed amount of "fuel" (cumulative volume) and as the trend develops it will follow the curve of the Top/Bottom Finder plot. When the "fuel" is consumed then the trend is over and prices will likely move to the Midas curve.
At the beginning of the move a set amount of volume is allocated. As the minor trend progresses it consumes that volume, and the line changes in colour progressing through the colours of the rainbow. When the colour turns white all of the volume has been consumed and the trend is likely to be over.
It's critical to adjust D Volume to match the minor pullbacks (this determines how much volume is allocated for the trend.) If you have to raise D volume over 100 you're probably better off trading the trend on a higher TF. Try to keep D Volume under 100.
https://www.tradingview.com/script/G...Bottom-Finder/
The Top/Bottom Finder is based on Levine's belief that each trend has a fixed amount of "fuel" (cumulative volume) and as the trend develops it will follow the curve of the Top/Bottom Finder plot. When the "fuel" is consumed then the trend is over and prices will likely move to the Midas curve.
At the beginning of the move a set amount of volume is allocated. As the minor trend progresses it consumes that volume, and the line changes in colour progressing through the colours of the rainbow. When the colour turns white all of the volume has been consumed and the trend is likely to be over.
It's critical to adjust D Volume to match the minor pullbacks (this determines how much volume is allocated for the trend.) If you have to raise D volume over 100 you're probably better off trading the trend on a higher TF. Try to keep D Volume under 100.
https://www.tradingview.com/script/G...Bottom-Finder/
- #12,506
- Jan 14, 2024 12:58am Jan 14, 2024 12:58am
This is a Top/BottomFinder by Paul Levine. The Top/Bottom Finder is based on Levine's belief that each trend has a fixed amount of "fuel" (cumulative volume) and as the trend develops it will follow the curve of the Top/Bottom Finder plot. When the "fuel" is consumed then the trend is over and prices will likely move to the Midas curve. {image} At the beginning of the move a set amount of volume is allocated. As the minor trend progresses it consumes that volume, and the line changes in colour progressing through the colours of the rainbow. When...
- #12,507
- Jan 14, 2024 3:52am Jan 14, 2024 3:52am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} On 5m TF rather than 1m - allowing you to ride the bigger moves {image}
Clever
Food for thought ???
- #12,514
- Edited 11:42pm Jan 14, 2024 11:00pm | Edited 11:42pm
All CMAs are pointing higher.
Longer term (512) target has not been met.
Currently trapped in a lower fractal hesitation zone at the current 6/8 line. A break of the PA could be a long entry.
Waiting & watching! 
Left me behind.
No entry here because TBF is running out of volume. 
Adjusted TBF to match pullback, & entered trade. 
Out on break of TBF line for a $100 loss 
Longer term (512) target has not been met.
Currently trapped in a lower fractal hesitation zone at the current 6/8 line. A break of the PA could be a long entry.
Waiting & watching!
Left me behind.
No entry here because TBF is running out of volume. Adjusted TBF to match pullback, & entered trade.
Out on break of TBF line for a $100 loss
- #12,518
- Jan 15, 2024 6:17am Jan 15, 2024 6:17am
{quote} Hi Terry, Thanks again for developing the Murrey Math indicator. Once a Start Date and Time are specified, how are the 0/ 8 and 8/8 levels calculated? I would like to calculate the high/low, range, etc., using a spreadsheet. Thank you
- #12,519
- Edited 1:01pm Jan 15, 2024 10:48am | Edited 1:01pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
