Searching for Ross hook/TTE indicator

Hi guys,

Just wondering whether there is any Ross hook/TTE indicator floating around...

Thanks.

If you want the Ross Hook or its indicators, the best source is Joe Ross. I think he is on here as an FF editor.

Oh? I didn't realise that!

Anyone trading these methods successfully with forex?

I use the ross hook or 123 on STF 15 min charts. Use other methods on longer TF.

parttime

Did someone tried to write the ross hook in MT5?
It looks like an interesting pattern to trade but to recognize it is a bit difficult!
I just found script-links for:

Tradestation:
1 2 3 Ross Hook

Metastock:
1-2-3 Reversal System

Metastock-Code:

Col A: Peak(1,H,10)<=1.1*Peak(2,H,10)
AND Peak(1,H,10)>=0.9*Peak(2,H,10)
AND Trough(1,L,10)>=1.1*Trough(2,H,10)
AND Trough(1,L,10)<=0.9*Trough(2,H,10)
AND LLV(L,25)

Col B: Peak(1,H,5)<=1.1*Peak(2,H,5)
AND Peak(1,H,5)>=0.9*Peak(2,H,5)
AND Trough(1,L,5)>=1.1*Trough(2,H,5)
AND Trough(1,L,5)<=0.9*Trough(2,H,5)
AND LLV(L,25)

Col C: Peak(1,H,1)<=1.1*Peak(2,H,1)
AND Peak(1,H,1)>=0.9*Peak(2,H,1)
AND Trough(1,L,1)>=1.1*Trough(2,H,1)
AND Trough(1,L,1)<=0.9*Trough(2,H,1)
AND LLV(L,25)

Filter colA=1 OR colB=1 OR colC=1



OR


Metastock-Code:

LOW

Mx:=Mov(L,4,S);
L > Ref(L,-1) AND L>Mx AND
Ref(L,-1) < Ref(Mx,-1) AND
LLV(L,4 ) > LLV(L,10 ) AND
RSI(14)<50


HIGH

Mx:=Mov(H,4,S);
H < Ref(H,-1) AND H < Mx AND
Ref(H,-1) > Ref(Mx,-1) AND
HHV(H,4 ) < HHV(H,10) ANDRSI(14)>50

Thanks!

so does anyone have the Ross Hook indicator for MT4 ?

thank you

I wrote these back in 2006, and its been a longtime since i used them.


You'll probably want to use either show123_rh_bb or show123v2. The initial version 'show123' was rather more simplistic and had significant flaws, however I've included it for its more simplistic code.

123 / Rh patterns (and timely identification of) are rather more complex than might initially be anticipated. 123's can occur within 123's etc, hence I found it difficult to keep the algo simple ... in other words to get the best view you can quite easily end up chasing you own tail.

As I recall the _rh_bb and v2 code possibly overstepped the complexity mark and at the time I had visions of creating a more simplified V3 that fell somewhere between show123 and V2, but I havent revisited it yet and doubt I will.

With all that said, I'm sure some will find them useful.

I just had a quick look at these and the code of the different versions and noted the following omissions from the Doc

1) 123's that fail to reach their target (default 100% of the height of the pattern) are displayed in a paler colour than those that do achieve their target.

2) Show123v2 makes the following distinction (over show123_Rh_bb) :

Quite often a Rh occurs at the 2 point of another 123 pattern. V2 denotes this by placing the marker "RH" rather than "Rh".
I havent looked at V2's code indepth but its likely that it also uses a slightly tweaked algo than RH_BB ... Cant remember if its more or less complex.

thanks a lot, i'll try them out and report back

2RangeBound:
Hi, could I rewrite your indicator into ninjatrader? I don't know if do you have a copyright on it

D.

Feel Free ... after all ... its freeware.

day rangebound,

thank you for this freeware. Is it possible to change the target distance from 1 & 2 to 2 & 3


Targetpercent123 := default =100
Defines the percentage target for a 123 pattern. The percentage applies to the height of the pattern calculated as the distance between the 1 & 2 points.

It could be done, but you'll have to find someone to do it for you.
I simply don't have the time.

Thank you for the quick reply.

I thought that there is a simple setting to change this. Definitely did not expected you to reprogram the code as you don’t even use this. Thanks again for the freeware

Anyone know where I can get these indicator codes for Tradestation?