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Spuds Stochastic Thread Theory

  • #61
  • Aug 6, 2007 5:32am Aug 6, 2007 5:32am
finally here it is... the brand new stochs threads indicator. v1.05
it is divided in 3 indicators... 1 for LTFS, by default 8 threads from period 6 to period 13, one for HTFS, 8 threads from period 15 to 24, and another one for the main stoch wall, period 14, and the two deployments histograms (red and blue) and the elasticity indicator (yellow). Also it has the possibility to plot a new concept wall, which is the average thread of all the threads instead of the main wall.

please remove all the previous threads and elasticity indicators and templates. This one is better and faster since you can set the number of bars you want it to draw (by default 300, set 0 to draw all bars)

if you have any suggestion, please do it.
enjoy
Attached File(s)
File Type: zip stochthreads5.zip   12 KB | 3,744 downloads
  • #62
  • Aug 6, 2007 6:30am Aug 6, 2007 6:30am
Quoting emda
indicator. v1.05
, period 14, and the two deployments histograms (red and blue) and the elasticity indicator (yellow).



enjoy
Hi emda,

Is it possible to direct me to a post where 'elasticity' is explained

Thanks
  • #63
  • Aug 6, 2007 9:12am Aug 6, 2007 9:12am
Thanks emda, great work as usual.
  • #64
  • Aug 6, 2007 9:28am Aug 6, 2007 9:28am
Quoting bundubill
Hi emda,

Is it possible to direct me to a post where 'elasticity' is explained

Thanks
It is mentioned in several posts of Spud's MTF Stochastics but here is a start.
http://www.forexfactory.com/showthre...=22105&page=40

Do a search in the MTF Stochastics forum
  • #65
  • Aug 6, 2007 10:35am Aug 6, 2007 10:35am
Hello Emda

thx for work. looks really nice.



.) most important would be to make Multime frame indicator out of it, to trade
the smaller timeframe. I did it now by hand to have two different charts and compare ; and it make sense it works. Also the elasticity make more sense on the higher time frame to trade continuation or reversal on smaller timeframe.

.) of course to interpret the elascity right is not easy. I tried now to figure out if Htfs elasticity and Ltfs elasticity show different signs. bt i find no satisfying rules. maybe its easier with MTF Indicator. Maybe if we would have an indicator which show the momentary strength of the trend it could be easier to identify if the elasticity is a small pullback or a reversal when trendstrength fade away.

thx emda for your efforts
  • #66
  • Aug 6, 2007 10:57am Aug 6, 2007 10:57am
Quoting lodol2
Hello Emda

thx for work. looks really nice.



.) most important would be to make Multime frame indicator out of it, to trade
the smaller timeframe. I did it now by hand to have two different charts and compare ; and it make sense it works. Also the elasticity make more sense on the higher time frame to trade continuation or reversal on smaller timeframe.

.) of course to interpret the elascity right is not easy. I tried now to figure out if Htfs elasticity and Ltfs elasticity show different signs. bt i find no satisfying rules. maybe its easier with MTF Indicator. Maybe if we would have an indicator which show the momentary strength of the trend it could be easier to identify if the elasticity is a small pullback or a reversal when trendstrength fade away.

thx emda for your efforts
thank you
I've seen that when positive elasticity appears... then is good to enter the trade at the first bar that has less elasticity value than the previous bar. then, stochs will start to converge again and turn direction of the wall.
  • #67
  • Aug 6, 2007 10:58am Aug 6, 2007 10:58am
Quoting Rialto
Thanks emda, great work as usual.
You're welcome
Happy to have feedback
  • #68
  • Aug 6, 2007 12:18pm Aug 6, 2007 12:18pm
Quoting bundubill
Hi emda,

Is it possible to direct me to a post where 'elasticity' is explained

Thanks
http://www.forexfactory.com/showpost...93&postcount=6
  • #69
  • Aug 6, 2007 6:18pm Aug 6, 2007 6:18pm
Hallo EMDA

Do you think you can make this indicator in a Multi Timeframe indicator for me? That I can use this indicator on one chart for different timeframes.

Thanks

lodol
  • #70
  • Aug 7, 2007 1:04am Aug 7, 2007 1:04am
Thanks Emda, thanks kudzu for your direction
  • #71
  • Aug 8, 2007 12:11pm Aug 8, 2007 12:11pm
Emda, could u pls show me how to read the indicators marked with green arrows in the pic below? What is the use of the "iparamonhighlow" indicator? The light blue box means wat? Does this indicator repaint itself? And the gold bars down the chart shows wat? Thanx!

http://img339.imageshack.us/img339/5...ug105amvp4.gif
  • #72
  • Aug 9, 2007 4:51am Aug 9, 2007 4:51am
hi

blue histogram show the building of the robe of the Lower timeframes.(LTFS)


red Histogram show the state of the robe of The higher Timeframes.(HTFS)

The higher the histogram the more the robe spread apart (slowing down of trend)
and there more its close to 0 =the more threads integrete in the robe and show trending.

the yellow bars show elasticity.
up direction show elasticity of LTFS(blue)
down direction show elasticity of HTFS(red)

regards lodol
  • #73
  • Aug 9, 2007 3:32pm Aug 9, 2007 3:32pm
thank you lodol...
well explained

maxcruiver
I post here your screenshot with some explanations
Attached Image (click to enlarge)
Click to Enlarge Name: 9aug105amvp4.jpg Size: 89 KB
  • #74
  • Aug 14, 2007 2:07am Aug 14, 2007 2:07am
Quoting emda
finally here it is... the brand new stochs threads indicator. v1.05
it is divided in 3 indicators... 1 for LTFS, by default 8 threads from period 6 to period 13, one for HTFS, 8 threads from period 15 to 24, and another one for the main stoch wall, period 14, and the two deployments histograms (red and blue) and the elasticity indicator (yellow). Also it has the possibility to plot a new concept wall, which is the average thread of all the threads instead of the main wall.

please remove all the previous threads and elasticity indicators and templates. This one is better and faster since you can set the number of bars you want it to draw (by default 300, set 0 to draw all bars)

if you have any suggestion, please do it.
enjoy
Hi EMDA,
thanks for your great effort make threads and elasticity indicators and templates. Would you please explain me about possible entry, exit and trade example using your great template, because I'm little confusing man...
  • #75
  • Aug 14, 2007 7:51pm Aug 14, 2007 7:51pm
Can we use any of those yellow, blue, and orange histograms to predict the trend?
  • #76
  • Sep 4, 2007 6:25am Sep 4, 2007 6:25am
I have noticed that when using emda's v.1.05 on the 15M chart I sometimes get 2 consecutive arrows of the same colour. Is this because it was designed for higher time frames ?
  • #77
  • Sep 6, 2007 4:03pm Sep 6, 2007 4:03pm
Spud's Stochastic Thread Theory is truly a thing of beauty. Even in today's rather indecisive (at least to me) movement (GBP/JPY), the 1 hour chart clearly directed us - long - short - long. The blue lower time frame stochastics leading the way. Then at 1300GMT the near perfect "rope" that gave us another opportunity to earn. Thanks a million Spud.
  • #78
  • Sep 7, 2007 3:31am Sep 7, 2007 3:31am
Quoting Rialto
Spud's Stochastic Thread Theory is truly a thing of beauty. Even in today's rather indecisive (at least to me) movement (GBP/JPY), the 1 hour chart clearly directed us - long - short - long. The blue lower time frame stochastics leading the way. Then at 1300GMT the near perfect "rope" that gave us another opportunity to earn. Thanks a million Spud.
Hi Rialto,

Glad that it's proving so successful for you. I'm still trying to get the hang of it. Would you mind explaining in simple language (I'm both a forex and computer dumbo) just how you set up that chart you are using.

Thanks

Bill
  • #79
  • Sep 8, 2007 8:51am Sep 8, 2007 8:51am
Sure, Bundubill, I'm using EMDA's setup from his #61 post. After studying Spud's Thread Theory, you'll be able to follow EMDA's contribution rather easily. Good luck.
  • #80
  • Sep 8, 2007 11:08am Sep 8, 2007 11:08am
Quoting Rialto
Sure, Bundubill, I'm using EMDA's setup from his #61 post. After studying Spud's Thread Theory, you'll be able to follow EMDA's contribution rather easily. Good luck.
Thanks Rialto. Can I ask you do you use the arrows as an entry point or enter as soon as the rope comes out of the 23.6/76.4 zone.

Thanks
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