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Contest !!! Identify This Indicator

  • #21
  • Nov 10, 2007 6:50pm Nov 10, 2007 6:50pm
GBPUSD chart shows 89,55,34 pips between each level, and the EURUSD, while not having perfect fib. numbers, does have a ~1.618 ratio between all these levels.

Yeah, I'd go with some combination of pivot point (ie: lines based on a central point and range of previous day/week) and fibs.


I don't think it's Murrey Math, as that deals with eighths and factors of two.
  • #22
  • Nov 10, 2007 8:33pm Nov 10, 2007 8:33pm
Yes E. Lang you have it right on target.

It is indeed fibonacci, nothing to do with pivots or murray, automatically drawn, so i need not bother with the basics of locating highs and lows and gives precise trade levels too.

Another version of this same indicator works with amazingly absolute precision on GBPJPY that sometimes I end up calling it a holy grail system, a dumb indicator which has tamed even the most volatile currency pairs of GBPJPY and GBPCHF.


Trading systems are best developed when you get down to the dumps and write your own indicators instead of depending on others, thats where the experts come from, people who work hard to learn --- not the people who run after signals and ebay stuff.

I have always advised people to get down to the dumps and work hard on it, the results are always amazing.
  • #23
  • Nov 10, 2007 9:01pm Nov 10, 2007 9:01pm
If anyone has really spent time in the dumps, then he will also understand that all trading systems and methods like vgas tunnel and others are originally based on fibonacci itself. They just changed a few things and gave it their own name.......... Now this is wrong.

When I write indicators and EA's I name them in context of the original indicator used, so if I use fibnacci i will name it a fibo indicator or a fibo ea.


i hate it when people try to give it their own names for publicity.
  • #24
  • Nov 11, 2007 2:04am Nov 11, 2007 2:04am
could you please post this indicator?
  • #25
  • Nov 11, 2007 2:05am Nov 11, 2007 2:05am
Quoting Squidster
could you please post this indicator?

I just forgot the code perhaps one of the others would help here.

Like I said before, never try to hunt for freebies, the code and the method is already discussed in this thread, try to write your own indicator.

By hunting for freebies you will never try to understand and learn the concept behind the indicator and make huge losses.
  • #26
  • Nov 11, 2007 6:13am Nov 11, 2007 6:13am
Quoting forexlion
I just forgot the code perhaps one of the others would help here.

Like I said before, never try to hunt for freebies, the code and the method is already discussed in this thread, try to write your own indicator.

By hunting for freebies you will never try to understand and learn the concept behind the indicator and make huge losses.
Exactly.

I'm a math geek, so I've taken apart every indicator that I come across, and became disappointed when I realized half of them were repetitive or close enough approximations to other indicators, making them worthless. Not only that, but I got to understood how the indicator would react to price data. You don't realize just how many different types of MAs there are out there, most of them pretty much worthless. Just stick to the basic three (simple, exponential, weighted) and you'll be fine.

I recommend to people out there to take apart the code to indicators, and if you don't like math, at least spend several days observing each one with live data.
  • #27
  • Nov 11, 2007 7:53pm Nov 11, 2007 7:53pm
EURUSD achieved the 0 line defined by 4630 today so this means the indicator is not restricted to 1 day despite using daily data for generating it.

And if we go by the indicator then GBPUSD is homebound for 705.
  • #28
  • Nov 12, 2007 2:26am Nov 12, 2007 2:26am
What did I do ?? What did I do ??

This works !!!!
  • #29
  • Nov 13, 2007 6:58am Nov 13, 2007 6:58am
Quoting forexlion
Yes E. Lang you have it right on target.

It is indeed fibonacci, nothing to do with pivots or murray, automatically drawn, so i need not bother with the basics of locating highs and lows and gives precise trade levels too.

Another version of this same indicator works with amazingly absolute precision on GBPJPY that sometimes I end up calling it a holy grail system, a dumb indicator which has tamed even the most volatile currency pairs of GBPJPY and GBPCHF.


Trading systems are best developed when you get down to the dumps and write your own indicators instead of depending on others, thats where the experts come from, people who work hard to learn --- not the people who run after signals and ebay stuff.

I have always advised people to get down to the dumps and work hard on it, the results are always amazing.
I noticed that the lines seem to be drawn from high or low of bar at Tokyo open (high if close higher and low if close lower). Is this intentional or a highly coincidental artifact of the fib lines? Cheers to you,
  • #30
  • Nov 14, 2007 12:49am Nov 14, 2007 12:49am
There is a secret behind how the lines are drawn and that makes it unique
  • #31
  • Nov 17, 2007 4:53pm Nov 17, 2007 4:53pm
Is this the secret???
Attached Image (click to enlarge)
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  • #32
  • Nov 26, 2007 9:05pm Nov 26, 2007 9:05pm
I think this indicator is the 'grande ego' indicator although it could be the 'grande fromage', 'grande poisson' as well, not quite sure, I'll have to consult the quant dept at the bank I own!
  • #33
  • Nov 26, 2007 9:17pm Nov 26, 2007 9:17pm
Quoting traderboy
I think this indicator is the 'grande ego' indicator although it could be the 'grande fromage', 'grande poisson' as well, not quite sure, I'll have to consult the quant dept at the bank I own!

http://www.jubailforums.com/vb35/ima...spacecraft.gif
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #34
  • Feb 7, 2008 5:24am Feb 7, 2008 5:24am
  •  Rumi
  • | Joined Mar 2006 | Status: Student of forex trading | 44 Posts
Anyone figure this one out yet? They seem like fibo pivots to me but otherwise if there is no point to this thread it should be closed imo.
  • #35
  • Last Post: Feb 7, 2008 5:39am Feb 7, 2008 5:39am
Wicked ???

jackt
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