SRDC Episode II | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SRDC Episode I 1,331 replies

SRDC II Channel of the day 74 replies

Discussion on Indicators pertaining SRDC 62 replies

SRDC II Journal for All 11 replies

SRDC II Charts posting and discussion pertaining to it 37 replies

Attachments: SRDC Episode II
Exit Attachments

SRDC Episode II

  • #501
  • Dec 4, 2006 6:07pm Dec 4, 2006 6:07pm
Chart.


Quoting aha
Hi Orange,

Here is an indicator basically does what you have asked for.

There is an input parameter called daysago. It's for testing purposes. When it's set to 0, it draws LRC for current chart. When it is set to, for example 10, it will draw LRC based on the situation 10 days ago so the channel can be used as a reference for the trading around those days (not for recent days). In this way it allows a tester to backtest this indicator and see if it is intelligent enough to perform in different period of the history.

The TICK for current bars open price is also added, if that's what you meant.

Anyone who are interested in testing this out please feel free to do so. If you find a time in the history that this indicator draws the channel wrong, you may PM me and I will see what I can do to improve its intelligence.

aha

[Edit] Added a twostepchannel parameter. Which allows to display the last two LRC channels that were in effect. Thought this feature would be helpful when the trend reversal is happening.


Also I decided to move this indicator from this thread to the EA factory thread, where I maintain most of my work. So I don't have to come back and fumble through this growing thread for related responses.

Here is the link: http://www.forexfactory.com/forexfor...&postcount=575
Attached Image
Target: Trading naked.
  • #502
  • Dec 4, 2006 6:36pm Dec 4, 2006 6:36pm
Quoting aha
Chart.

When i used the default setting on GBP, i dont get the TL like yr.

On 1 Dec, the TL was out of shape.

Can u make yr Intelligent LRC dark color so that we can post in light color background chart ? Thanks.
The future depends on what we do in the present.
  • #503
  • Dec 4, 2006 6:46pm Dec 4, 2006 6:46pm
Thanks aha,
Attached File(s)
File Type: doc tues.doc   112 KB | 468 downloads
  • #504
  • Dec 4, 2006 7:27pm Dec 4, 2006 7:27pm
Thanks, Blewmoon and Compro. I get the same thing on my chart. The indicator detected the weakening of upward momentum. But it's probably at little too early to change the channel. I will see what I can do.
Target: Trading naked.
  • #505
  • Dec 4, 2006 7:31pm Dec 4, 2006 7:31pm
BTW, you can change the color yourself by right clicking on the chart, select this indicator in indicator list and edit its properties. In the third tab you may change each individual line.


Quoting compro99
When i used the default setting on GBP, i dont get the TL like yr.

On 1 Dec, the TL was out of shape.

Can u make yr Intelligent LRC dark color so that we can post in light color background chart ? Thanks.
Target: Trading naked.
  • #506
  • Dec 4, 2006 8:48pm Dec 4, 2006 8:48pm
Added a little logic dealing with the problem reported today.

http://www.forexfactory.com/forexfor...&postcount=578

Thanks again to Blewmoon and Compro.


Quoting aha
Thanks, Blewmoon and Compro. I get the same thing on my chart. The indicator detected the weakening of upward momentum. But it's probably at little too early to change the channel. I will see what I can do.
Target: Trading naked.
  • #507
  • Dec 4, 2006 9:06pm Dec 4, 2006 9:06pm
Quoting aha
Added a little logic dealing with the problem reported today.

http://www.forexfactory.com/forexfor...&postcount=578

Thanks again to Blewmoon and Compro.

Aha,

i tested it again on GBP. Looks good !!!
Attached File(s)
File Type: doc GBP.doc   109 KB | 561 downloads
The future depends on what we do in the present.
  • #508
  • Dec 4, 2006 9:32pm Dec 4, 2006 9:32pm
Quoting compro99
Aha,

i tested it again on GBP. Looks good !!!
Are you using the indicator in the beginning of the thread to make that channel? I have been struggling for two days now to be able to set up the channel indicator properly on a 1hr chart and just cant seem to do it. I have checked the separate periods, played with the "timeframes" and I still cant manage to set it up properly.

I will begin to draw the lines by hand, though if there is an easier way I would much prefer that.. obviously : )
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #509
  • Dec 4, 2006 9:37pm Dec 4, 2006 9:37pm
Quoting StockKJay
Are you using the indicator in the beginning of the thread to make that channel? I have been struggling for two days now to be able to set up the channel indicator properly on a 1hr chart and just cant seem to do it. I have checked the separate periods, played with the "timeframes" and I still cant manage to set it up properly.

I will begin to draw the lines by hand, though if there is an easier way I would much prefer that.. obviously : )

Nope. I dont use the indicator to draw the channel for me. I use Linear Regression Channel to draw the channel. Check my post 484.
The future depends on what we do in the present.
  • #510
  • Dec 4, 2006 10:13pm Dec 4, 2006 10:13pm
chart with long recent trend
Attached Image
  • #511
  • Dec 4, 2006 10:44pm Dec 4, 2006 10:44pm
Rojam and I were discussing fibs and channels on the 5 minute chart for the EUR/USD.

http://www.gamers4jesus.com/glen.htm
  • #512
  • Edited Dec 5, 2006 12:11am Dec 4, 2006 11:21pm | Edited Dec 5, 2006 12:11am
This version added daily fibo and weekly fibo (color adjustable), also corrected LRC definition so the channel is drawn exactly like MT4's LRC (thanks to AlexFX).
<!-- / message --><!-- attachments -->
http://www.forexfactory.com/forexfor...&postcount=579
Target: Trading naked.
  • #513
  • Edited 11:51pm Dec 4, 2006 11:27pm | Edited 11:51pm
Quoting aha
This version added daily and weekly fibos.

http://www.forexfactory.com/forexfor...&postcount=579

Aha,

I thought the weekly should be of last Monday 0000hr GMT ??

Yr weekly fibo started this Monday
Attached File(s)
File Type: doc GBP2.doc   107 KB | 464 downloads
The future depends on what we do in the present.
  • #514
  • Dec 5, 2006 12:13am Dec 5, 2006 12:13am
Not this Monday?


Quoting compro99
Aha,

I thought the weekly should be of last Monday 0000hr GMT ??

Yr weekly fibo started this Monday
Target: Trading naked.
  • #515
  • Dec 5, 2006 12:17am Dec 5, 2006 12:17am
Quoting aha
Not this Monday?

Written by Jedi Roshan:

"" To get the feel of fibo with channel. Do this:

- Do a weekly fibo starting monday lastweek
- Do fibo on everyday of the week and see the candles breaking and bouncing off the fibo.
- Get to know this pair, it tell a lot about the market sentiment or what the big boys are doing.
- Get a feel of it, and when you can find the rhytm, thats when you have winning trades.

its not luck, its anticipation and skill. ""
The future depends on what we do in the present.
  • #516
  • Dec 5, 2006 12:28am Dec 5, 2006 12:28am
Thanks Compro. But imho, Orange was asking us to test the idea in last week to see how the price in last week react with the fibo drawn in last week. So if we actually use the idea on this week, the fibo should be this week too.




Quoting compro99
Written by Jedi Roshan:

"" To get the feel of fibo with channel. Do this:

- Do a weekly fibo starting monday lastweek
- Do fibo on everyday of the week and see the candles breaking and bouncing off the fibo.
- Get to know this pair, it tell a lot about the market sentiment or what the big boys are doing.
- Get a feel of it, and when you can find the rhytm, thats when you have winning trades.

its not luck, its anticipation and skill. ""
Target: Trading naked.
  • #517
  • Edited 1:04am Dec 5, 2006 12:51am | Edited 1:04am
Quoting aha
Thanks Compro. But imho, Orange was asking us to test the idea in last week to see how the price in last week react with the fibo drawn in last week. So if we actually use the idea on this week, the fibo should be this week too.

Aha,

I could be wrong.. so let Jedi Roshan comment on it.

Jedi Roshan

For this weekly fibo, should we draw it at yesterday 4 Dec channel or 27 Nov channel ??

Daily fibo is drawn at daily 0000 GMT time.
The future depends on what we do in the present.
  • #518
  • Dec 5, 2006 2:42am Dec 5, 2006 2:42am
Here is your Indicator, AHA,

looks lovely!
I am not sure I know how to use it, but I see a lot of information there.
Bravissimo!
Attached Image
  • #519
  • Dec 5, 2006 2:59am Dec 5, 2006 2:59am
Quoting aha
Thanks Compro. But imho, Orange was asking us to test the idea in last week to see how the price in last week react with the fibo drawn in last week. So if we actually use the idea on this week, the fibo should be this week too.
Simply Brilliant!! I love that indicator.

A little comment on the Fibo. The Weekly Fibo should start at the Beginning of Monday, not at the End of Friday.

Another Indicator:

Purpose:
To Show a Buy and Sell Signal on the Quadrants.

Buy: Green Arrow Up
Sell: Red Arrow Down
Monday Trade: Blue Arrow showing the Direction of the Trade


Q1 - Top
Q2 - Top Middle (near Median)
Q3 - Bottom Middle (near Median)
Q4 - Bottom

Bullish Trend:
Q1: Sell
Q2: Buy or wait until it enters Q3 then Buy (Arrow + Q#)
Q3: Buy
Q4: Buy

Bearish Trend:
Q1: Sell
Q2: Sell
Q3: Sell or wait until it enters Q2 then Sell (Arrow + Q#)
Q4: Buy

This Indicator will help learning faster for many Traders in the SRDC Thread. It will also be intergrated later inside the EA. We can check the EA accuracy on Entry as we follow the Trade everyday.

May the Force be with you.
Change Your Thinking. Change Your Life - JD
  • #520
  • Dec 5, 2006 3:47am Dec 5, 2006 3:47am
Hi Orange,
How do I get the arrow indicator?

Thanks


Quoting OrangeRoshan
Simply Brilliant!! I love that indicator.

A little comment on the Fibo. The Weekly Fibo should start at the Beginning of Monday, not at the End of Friday.

Another Indicator:

Purpose:
To Show a Buy and Sell Signal on the Quadrants.

Buy: Green Arrow Up
Sell: Red Arrow Down
Monday Trade: Blue Arrow showing the Direction of the Trade


Q1 - Top
Q2 - Top Middle (near Median)
Q3 - Bottom Middle (near Median)
Q4 - Bottom

Bullish Trend:
Q1: Sell
Q2: Buy or wait until it enters Q3 then Buy (Arrow + Q#)
Q3: Buy
Q4: Buy

Bearish Trend:
Q1: Sell
Q2: Sell
Q3: Sell or wait until it enters Q2 then Sell (Arrow + Q#)
Q4: Buy

This Indicator will help learning faster for many Traders in the SRDC Thread. It will also be intergrated later inside the EA. We can check the EA accuracy on Entry as we follow the Trade everyday.

May the Force be with you.
4 traders viewing now