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D1 Elasticity Pullback Trading

  • #4,041
  • Edited 6:28am May 28, 2025 5:30am | Edited 6:28am
Quoting ghbdr
{quote} Guppy Multiple Movin Averages. Used by Australian legendary trader Daryl Guppy. You can google and read about it. There is lot of stuff on the internet and his book Trend Trading is really good
Daryl Guppy is a very interesting person and easy to listen to or read his books. There is a lot of material on internet and his books are available.
Reading, watching, listening on the subject of interests comes easier, but it is not for free, at the very least it costs one the amount of invested time and small amount of books costs. One needs to possess an interest and desire to work things out in a way that produces positive outcome. In that context the positive outcomes - profits are result and not just empty pie in the sky desire to acquire/possess more.
One can easily put the sets of 12 EMAs on any charting package. or get a ready made indicator. If one does make template manually, one is able to arrange additional marking to the given EMAs, it is all up to the particular needs of the given individual.
Inserted Video
The above is one of the multitude on available things on the internet.
Personally I still like books - paper books, but I am an old school on that subject and pay the high price of storing thousands of books, trading is one of my many interests, and over 50+ years the number of books accumulate.
Internet is a wonderful thing in that aspect, take a full advantage of it.
Pursue your interests and trade well!
Make sure losses are small and profits are bigger!
  • #4,042
  • Jun 3, 2025 1:10pm Jun 3, 2025 1:10pm
Daily Mid point+4H elasticity
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  • #4,043
  • Jun 6, 2025 10:39am Jun 6, 2025 10:39am
4H elasticity + 1.618 fib lvl
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  • #4,044
  • Jun 29, 2025 2:26pm Jun 29, 2025 2:26pm
i was wondering , do the fractals repaint ?
  • #4,045
  • Jun 29, 2025 2:28pm Jun 29, 2025 2:28pm
Quoting jamesagnew
i was wondering , do the fractals repaint ?
YES
  • #4,046
  • Jun 29, 2025 2:32pm Jun 29, 2025 2:32pm
so if the fractals dont repaint then when does it give the signal 2 candles to the right or next candle right
  • #4,047
  • Jun 29, 2025 2:36pm Jun 29, 2025 2:36pm
i think it does repaint i checked the 1 hour chart with the fractals and there was a higher low that never printed a fractal because it repainted
  • #4,048
  • Jun 29, 2025 2:39pm Jun 29, 2025 2:39pm
the only way to fix this problem is to make an indicator that will show a up arrow on a higher low and a down arrow on a lower high this will not repaint
  • #4,049
  • Jun 30, 2025 6:35am Jun 30, 2025 6:35am
Quoting ghbdr
The elasticity phenomenon can be observed through the GMMA. This example offers a clear view. Trading the expansions and using the GMMMA to evaluate the health and caracther of the established trend {image}
In other words...
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  • #4,050
  • Jun 30, 2025 6:43am Jun 30, 2025 6:43am
MTF for precision
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Thanks, G, for the idea
  • #4,051
  • Jun 30, 2025 7:39am Jun 30, 2025 7:39am
Quoting vmd108
MTF for precision {image} Thanks, G, for the idea
You are welcome mate. Didnt know about the gmma index indicator. From what plattform are you ploting it?
Trade what you see
  • #4,052
  • Jun 30, 2025 8:17am Jun 30, 2025 8:17am
Quoting ghbdr
{quote}From what plattform are you ploting it?
I'm on TradingView.
Here's the code. I modified it a bit from a user called daisuke_gewinn.
Maybe someone can translate it to MT variant.

Inserted Code
//@version=6
indicator("GMMA Index",timeframe="",timeframe_gaps=true,overlay=false)
 
multiplier_=input.int(1,"Multiplier",minval=1)
color_fast=input.color(#089981,"Color",inline="1")
color_slow=input.color(#f23645,"Color",inline="2")
width_fast=input.int(2,"Width",minval=1,inline="1")
width_slow=input.int(2,"Width",minval=1,inline="2")
 
ema_01=ta.ema(close,03*multiplier_)
ema_02=ta.ema(close,05*multiplier_)
ema_03=ta.ema(close,08*multiplier_)
ema_04=ta.ema(close,10*multiplier_)
ema_05=ta.ema(close,12*multiplier_)
ema_06=ta.ema(close,15*multiplier_)
ema_07=ta.ema(close,30*multiplier_)
ema_08=ta.ema(close,35*multiplier_)
ema_09=ta.ema(close,40*multiplier_)
ema_10=ta.ema(close,45*multiplier_)
ema_11=ta.ema(close,50*multiplier_)
ema_12=ta.ema(close,60*multiplier_)
 
fast_index=(ema_01>ema_02?1:-1)+(ema_02>ema_03?1:-1)+(ema_03>ema_04?1:-1)+(ema_04>ema_05?1:-1)+(ema_05>ema_06?1:-1)
slow_index=(ema_07>ema_08?1:-1)+(ema_08>ema_09?1:-1)+(ema_09>ema_10?1:-1)+(ema_10>ema_11?1:-1)+(ema_11>ema_12?1:-1)
 
plot(fast_index,"Fast Index",color_fast,width_fast)
plot(slow_index,"Slow Index",color_slow,width_slow)

This new system seems great to me, because with conventional oscillators everything is great when you look at past data, but in real time it can be a total failure. But this indicator is something else entirely and it is easy to trigger. There is a kind of binary aspect to it, which I like it. I'm onto further testing.
  • #4,053
  • Jun 30, 2025 8:22am Jun 30, 2025 8:22am
I'm comparing the classic GMMA with these parameters.

50 and 200 are something the price tends to respect.

I hope Mr. Guppy doesn't mind.
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  • #4,054
  • Jun 30, 2025 12:59pm Jun 30, 2025 12:59pm
Quoting vmd108
{quote} I'm on TradingView. Here's the code. I modified it a bit from a user called daisuke_gewinn. Maybe someone can translate it to MT variant. //@version=6 indicator("GMMA Index",timeframe="",timeframe_gaps=true,overlay=false) multiplier_=input.int(1,"Multiplier",minval=1) color_fast=input.color(#089981,"Color",inline="1") color_slow=input.color(#f23645,"Color",inline="2") width_fast=input.int(2,"Width",minval=1,inline="1") width_slow=input.int(2,"Width",minval=1,inline="2") ema_01=ta.ema(close,03*multiplier_) ema_02=ta.ema(close,05*multiplier_)...
yes. Would be nice to test it on mt4
Trade what you see
  • #4,055
  • Edited 3:35pm Jun 30, 2025 1:32pm | Edited 3:35pm
Similar idea to Guppy MA's, this is Linuxtrol M1 and 5 sec two hours this morning. Plenty of scalping opportunities...

Attached Image (click to enlarge)
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Attached File(s)
File Type: pdf cyrox-book.pdf   1.2 MB | 266 downloads
  • #4,056
  • Jun 30, 2025 4:09pm Jun 30, 2025 4:09pm
Quoting ghbdr
{quote} yes. Would be nice to test it on mt4
MT4 Version.
Attached File(s)
File Type: ex4 GMMA_Index.ex4   13 KB | 236 downloads
File Type: mq4 GMMA_Index.mq4   6 KB | 211 downloads
  • #4,057
  • Jul 1, 2025 12:51am Jul 1, 2025 12:51am
Quoting 80050
{quote} MT4 Version. {file} {file}
Thanks friend!
Trade what you see
  • #4,058
  • Jul 1, 2025 2:53am Jul 1, 2025 2:53am
Quoting 80050
{quote} MT4 Version. {file} {file}
Wow! Looks awesome on chart!!! Thank You !
  • #4,059
  • Jul 1, 2025 5:14am Jul 1, 2025 5:14am
Attached Image (click to enlarge)
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Trade what you see
  • #4,060
  • Jul 1, 2025 6:28am Jul 1, 2025 6:28am
Quoting 80050
{quote} MT4 Version. {file} {file}
the indi is not autoupdating . Only if you refresh manually gives new values
Trade what you see
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