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Coreg's EW+HP+D/W Range

  • #221
  • Jun 14, 2024 10:56am Jun 14, 2024 10:56am
Quoting ScalaFX
{quote} Im full of shorts from the top, Im just wonna make some counter trade, but I feel that bulls going to destroy all this move
ScalaFX, I know. The zone for wave 5 was reached. I'm only cautious b/c the bearish crab pattern is not completed yet (doesn't have to be), so I came up with the extension in wave 5. Just keep in mind that such a possibility exists. High may be in place.
Attached Image (click to enlarge)
Click to Enlarge Name: MES JUN24 (Daily) 2024_06_14 (11_51_39 AM).png Size: 156 KB
Always trade your own plan...I don't provide trading signals.
  • #222
  • Jun 14, 2024 2:47pm Jun 14, 2024 2:47pm
Quoting rehmatkhan00
Yup, the ATR shows exhaustion which further increases possibility of correction. Please can you tell me which indicator you are using for daily atr on tradingview?
ATR with a lookback period of 14 on the daily chart. Yesterday after the close ATR (14) was 63 pips. I use 4 settings:
80%dailyATR(14) 63 X 0.8= 50.4 pips
100% =63 pips
120% =75.6 pips from the swing high at (4)
150% =94.5 pips
Then put them on the chart with a horizontal line. Today, 120% was close to S2. U will get similar results with PP and a daily extension range (yellow box, look at page 1 of this thread).
Attached Image (click to enlarge)
Click to Enlarge Name: EU 06.14 5Mc.png Size: 39 KB
Always trade your own plan...I don't provide trading signals.
  • #223
  • Jun 15, 2024 7:47am Jun 15, 2024 7:47am
Quoting Coreg2004
{quote} ATR with a lookback period of 14 on the daily chart. Yesterday after the close ATR (14) was 63 pips. I use 4 settings: 80%dailyATR(14) 63 X 0.8= 50.4 pips 100% =63 pips 120% =75.6 pips from the swing high at (4) 150% =94.5 pips Then put them on the chart with a horizontal line. Today, 120% was close to S2. U will get similar results with PP and a daily extension range (yellow box, look at page 1 of this thread). {image}
Do you draw it manually every day? Omg
  • #224
  • Jun 15, 2024 8:26am Jun 15, 2024 8:26am
Quoting Coreg2004
{quote} ATR with a lookback period of 14 on the daily chart. Yesterday after the close ATR (14) was 63 pips. I use 4 settings: 80%dailyATR(14) 63 X 0.8= 50.4 pips 100% =63 pips 120% =75.6 pips from the swing high at (4) 150% =94.5 pips Then put them on the chart with a horizontal line. Today, 120% was close to S2. U will get similar results with PP and a daily extension range (yellow box, look at page 1 of this thread). {image}
thanks a lot for explanation
  • #225
  • Jun 15, 2024 8:28am Jun 15, 2024 8:28am
Quoting Coreg2004
{quote} ATR with a lookback period of 14 on the daily chart. Yesterday after the close ATR (14) was 63 pips. I use 4 settings: 80%dailyATR(14) 63 X 0.8= 50.4 pips 100% =63 pips 120% =75.6 pips from the swing high at (4) 150% =94.5 pips Then put them on the chart with a horizontal line. Today, 120% was close to S2. U will get similar results with PP and a daily extension range (yellow box, look at page 1 of this thread). {image}
If you are using mt4 then there is an indicator for it and it calculates for you but unfortunately it’s not available in the TradingView.
  • #226
  • Jun 15, 2024 8:28am Jun 15, 2024 8:28am
Quoting Whale
{quote} Do you draw it manually every day? Omg
it looks like, he draws it manually
  • #227
  • Jun 15, 2024 8:38am Jun 15, 2024 8:38am
Quoting Coreg2004
{quote} ATR with a lookback period of 14 on the daily chart. Yesterday after the close ATR (14) was 63 pips. I use 4 settings: 80%dailyATR(14) 63 X 0.8= 50.4 pips 100% =63 pips 120% =75.6 pips from the swing high at (4) 150% =94.5 pips Then put them on the chart with a horizontal line. Today, 120% was close to S2. U will get similar results with PP and a daily extension range (yellow box, look at page 1 of this thread). {image}
i remember this calculation you said to me once
where do you get atr ( 14 ) is 63 pips ?
Intraday only.
  • #228
  • Jun 15, 2024 8:43am Jun 15, 2024 8:43am
Quoting navk
{quote} i remember this calculation you said to me once where do you get atr ( 14 ) is 63 pips ?
I think he has clearly mentioned it if you read it careful
  • #229
  • Jun 15, 2024 8:50am Jun 15, 2024 8:50am
Quoting navk
{quote} i remember this calculation you said to me once where do you get atr ( 14 ) is 63 pips ?
73 based of Friday , right now is larger by few
  • #230
  • Jun 15, 2024 9:07am Jun 15, 2024 9:07am
Quoting Whale
{quote} 73 based of Friday , right now is larger by few
Whale, the chart is for EU, yes, ATR(14) for GU was 72 for yesterday, based on the close at 8 p.m. on the Ivesting.com platform
Always trade your own plan...I don't provide trading signals.
  • #231
  • Jun 15, 2024 9:11am Jun 15, 2024 9:11am
Quoting navk
{quote} i remember this calculation you said to me once where do you get atr ( 14 ) is 63 pips ?
navk, every platform has an ATR indicator, set it to 14 periods, and voila. ADR gives you similar results.
Attached Image (click to enlarge)
Click to Enlarge Name: ATR(14).PNG Size: 48 KB
Always trade your own plan...I don't provide trading signals.
  • #232
  • Jun 15, 2024 9:15am Jun 15, 2024 9:15am
Quoting rehmatkhan00
{quote} If you are using mt4 then there is an indicator for it and it calculates for you but unfortunately it’s not available in the TradingView.
rehmatkhan00, check on investing.com web site.
Always trade your own plan...I don't provide trading signals.
  • #233
  • Jun 15, 2024 9:24am Jun 15, 2024 9:24am
Quoting Whale
{quote} Do you draw it manually every day? Omg
It takes me no more than 15 min for 4 instruments (GU, MES futures, Gold, and now EU).
Always trade your own plan...I don't provide trading signals.
  • #234
  • Jun 15, 2024 10:39am Jun 15, 2024 10:39am
Quoting Coreg2004
{quote} navk, every platform has an ATR indicator, set it to 14 periods, and voila. ADR gives you similar results. {image}
I have an indi ATR in pips,

when i set this in daily chart with 14 setting, it shows 72 pips. For GU.

Good info.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 15 KB
Attached File(s)
File Type: ex4 ATR in Pips.ex4   9 KB | 184 downloads
File Type: mq4 ATR in Pips.mq4   2 KB | 217 downloads
Intraday only.
  • #235
  • Jun 15, 2024 11:43am Jun 15, 2024 11:43am
Quoting Coreg2004
{quote} rehmatkhan00, check on investing.com web site.
ok bro, I will give it a try In Sha Allah.
  • #236
  • Jun 16, 2024 3:38am Jun 16, 2024 3:38am
Quoting Coreg2004
{quote} It takes me no more than 15 min for 4 instruments (GU, MES futures, Gold, and now EU).
what is you count for gold in ltf, 1h or below?

wanna compare it to my system
  • #237
  • Jun 16, 2024 3:39am Jun 16, 2024 3:39am
Quoting rehmatkhan00
{quote} If you are using mt4 then there is an indicator for it and it calculates for you but unfortunately it’s not available in the TradingView.
NimhFX Daily ATR levels on trading view
  • #238
  • Edited 5:14am Jun 16, 2024 4:02am | Edited 5:14am
with ADR my most handy indicator is this one:

you can see lines when ADR reached for the day or it shows you how much percent the ADR has travelled already;-) (right upper corner, mangenta)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 22 KB
Attached File(s)
File Type: ex4 OGT ADR Indicator v1.2.ex4   52 KB | 207 downloads
trading is like dancing, don't think and just listen to the music!
  • #239
  • Jun 16, 2024 8:45am Jun 16, 2024 8:45am
Quoting Whale
{quote} NimhFX Daily ATR levels on trading view
thanks
  • #240
  • Jun 16, 2024 10:14am Jun 16, 2024 10:14am
Quoting rehmatkhan00
{quote} thanks
whatever you need, you welcome.
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