Hi guys...and thanks tkpower for that great thread and system...I'm just learning it still. So please comment my two signals if I get this system correctly.
Thanks
Thanks
The ATM Machine 9 replies
My ATM Machine 6 replies
Like an ATM! Think again... 4 replies
DislikedI have updated the ED2.ZIP on post 1
Thanks to Steve who has added to Mike's great work and made this new and improved ED2 indicator. The new indicator also will detect if you are using a 4 or 5 decimal broker without you changing anything.Ignored
DislikedGood price action trade on M2, M3 and M8. I used M3 for entry.
Target was R2.
Price broke below R3....had a little rest and continued to R2.
Cheers
CanuckCTIgnored
DislikedAre you taking M2 M3 and M8 signals? Or are you using M8 and M2 as confirmation?Ignored
DislikedTK & Mikep (Steve)
Thanks for the new indicator. It's very flexible and it looks extremely useful.
Would appreciate a brief User Guide please?
Just wondered how "degrees of angle" is calculated?
On the chart the SLOPE of the price line or an MA is basically in pips per candle (or minute etc)
eg If you draw a trendline it reads "5/10... " etc which is the reciprocal ie candle/pip.
Anyway a 'degree' has no meaning on a price chart where the x(time) & y (pips) scales are zoomed arbitrarily.
So how does your 'degree' relate...Ignored
DislikedSimply because a chart is displayed in a log format does not change the Cartesian plane on which it is built.
You are correct that degree has little meaning in regards to the zoom of a logarithmic display, however, the underlying (x+n,y+n) = 45 degrees still applies to the movement of price and time relation of one to one.
If you look at the last part of this indicator program you will see it is based on that design of 1 to 1.
Of course the exact degree number and it's accuracy is really not important in relation to this indicator, because...Ignored
DislikedNo offense, but this post was in a different language. (Cartesian plane, zoom of a logarithmic display. x+n,y+n, sine divided by cosine). Man O man. I thought this was supposed to be an EASY system!!?? .Ignored
Disliked(Cartesian plane, zoom of a logarithmic display. x+n,y+n, sine divided by cosine). Man O man. I thought this was supposed to be an EASY system!!?? .Ignored
DislikedSimply because a chart is displayed in a log format does not change the Cartesian plane on which it is built. Eh?
You are correct that degree has little meaning in regards to the zoom of a logarithmic display, however, the underlying (xn+yn) = a 1 rise for a 1 run retaionship or 45 degrees of angle still applies to the movement of price and time relation of one to one. y/x pips per minute
If you look at the last part of this indicator program you will see it is based on that design of 1 to 1.
Of course the exact degree number and its accuracy is really not important in relation to this indicator, because it is only related to itself. Just a number
It would appear that through trial and error, these degree numbers were found to be best. OK
To be absolutely correct, a ratio would be more accurate, but Most people would find that cumbersome, myself included.
same as a drawn trendline!
Or you could take the rise (sine) divided by the run (cosine) for the tangent. But then that would be even more awkward. Put like that, yes!
Degrees is probably a good compromise, but you are correct in saying the MA line would not necessarily view the same as the degree for which it is on a fixed x,y plane. But the purpose is to establish a minimum rise over a fixed run to determine if the arrow criteria has been satisfied. Agreed ...Ignored
DislikedHi thatwasme
[color=blue]Thanks for the quick reply - I think!
Sorry if I've offended - just curious - no wind up intended.
BTW the first revision referred to "PipDelta" only, which made sense but I'll just use the 'degrees' as slope numbers.
(is PipDelta the change over one candle?)
Anyway thanks for the indicator I am finding it very useful.
[color=#0000ff]I'd still...Ignored