Charles Drummond Geometry

Does anybody have any experience with Charles Drummond's Geometry techniques; including PLDot, PLDot push, short term termination trend lines etc.?

Thanks, I welcome all input and comments on this.

I looked into it about 5 years ago. It's ok, but I wouldn't exactly call it geometry. More like very short term trend lines. Like 1-3 bars. Like anything, there's value there if you adhere to the rules and manage your risk properly.

Thanks for your input mate; I see you're a Gann man =).

Do you believe it is worth giving more time to learn Drummond Geometry, or would that time be best spent on something else? What's your opinion? I'm just trying to establish, in principle, whether I should give more time to it, or not.

I took the courses in Drummond about 8 years ago. It will work better in commodities, but it does work for Forex. Pldot is nothing more than a shift Moving average represented as a dot rather than a line. It is shifted forward.

I do not use it anymore, because of the un-necessary complexity. I have the original manuals, but when I took the course I agreed not to distribute them.

Edit:

I just pulled the manual from my shelf. It is called "How To Make Money In The Futures Market" by Charles Drummond

You can get a better education in Forex style trading for the money in my opinion.

Nice one. I hear they have a very limited print of that book, and his last 8 writings are only given to his students.

Yes that is correct. In fact it was hand typed, about 2 inches thick. I received my copy as a student

587 pages and even has hand drawn charts.

I don't know. I really didn't give it enough of a chance. It didn't satisfy my criteria of what I needed at the time. It made enough sense and I made a few pips with it for the time I was playing around with it.

Hi i have read nothing of Drummond, I'm looking to follow Gann's way.
So i found this very interesting geometry on eur/usd

http://www.postimage.org/Pq22G48r.jpg

Nice.
Check out posts on my old blog concerning chart geometry:click here.

http://img529.imageshack.us/img529/4058/geo2_a.gif
http://img529.imageshack.us/img529/8426/geo_2b.gif

I"m also heavily into Gann. Current blog is here: www.time-trader.com.
FF Journal here: http://www.forexfactory.com/showthread.php?t=42407

How deep are you into Gann?

Oh i have sew your posts few times ago, I look your geometrical draw, but i think is so much hard for me, i try to keep it simple. I now isn't simple! :-D
For example, in the last image i use it just to draw curve line, as trend line.
It work great! sometime i draw it by square or by range. It's hard work to do, to try, and analyze.But it is what Gann did...study 10 years how market do in geometry and astrology.Now i use just geometry and price action, astrology is so much hard, Gann gone in Indu astro too, occidental astrology isn't accurate, and insu astrology is very strong!

I don't have 10 years to study so try to keep it simple and together price action.

I'm reading original Gann's writer, and step by step i understand that i didn't understand nothing what i read before :-D :-D :-D it's so velied! ;-)

My geometric charts aren't difficult at all. It starts with an equilateral triangle within a circle. Then add another triangle creating a Merkaba (Star of David). Then add circles around each line of each triangle. I then extend the triangle lines out to create channels.

Gann is difficult study. Takes years. I don't do a lot of the astro. Just enough to keep it interesting. Most of my research is into the equivalence of price and time to find cycles. Price and time equivalence results in price adhering to geometric patterns hence why charts like yours can play out.

Best of luck in your study!

Oh, that's good, i'll come back again to read better! ;-)
My chart is daily, is good to take it into itraday, 1h or 30 min.
thanks a lot,
good luck to you too ;-D

hi
what i know drummond geometry is indicator for tradestation. Anyone can help to code this indicator to MQL..

Not anybody

Hi Thatwasme! What education you talking about in this sentence?
Thanks

Does it repaint?

Found this somewhere but the problem is the upper band and lower band do not shift forward. The pldot(middle MA )shifts forward but that is all. If someone can figure out how to add the shift forward to the upper band and lower band you will have a full functioning dg drummond band.

//+------------------------------------------------------------------+
//| MTF_PLdot.mq4 |
//| |
//| |
//+------------------------------------------------------------------+
#property copyright "Copyright 2006, Keris2112"
#property link ""
// Portions of this code are from #MTF_Moving_Average and DGBL
// Tweaked by pinoytrader
#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color1 Black
#property indicator_color2 Blue
#property indicator_color3 Black
//---- input parameters
/*************************************************************************
PERIOD_M1 1
PERIOD_M5 5
PERIOD_M15 15
PERIOD_M30 30
PERIOD_H1 60
PERIOD_H4 240
PERIOD_D1 1440
PERIOD_W1 10080
PERIOD_MN1 43200
You must use the numeric value of the timeframe that you want to use
when you set the TimeFrame' value with the indicator inputs.
---------------------------------------
PRICE_CLOSE 0 Close price.
PRICE_OPEN 1 Open price.
PRICE_HIGH 2 High price.
PRICE_LOW 3 Low price.
PRICE_MEDIAN 4 Median price, (high+low)/2.
PRICE_TYPICAL 5 Typical price, (high+low+close)/3.
PRICE_WEIGHTED 6 Weighted close price, (high+low+close+close)/4.
You must use the numeric value of the Applied Price that you want to use
when you set the 'applied_price' value with the indicator inputs.
---------------------------------------
MODE_SMA 0 Simple moving average,
MODE_EMA 1 Exponential moving average,
MODE_SMMA 2 Smoothed moving average,
MODE_LWMA 3 Linear weighted moving average.
You must use the numeric value of the MA Method that you want to use
when you set the 'ma_method' value with the indicator inputs.
**************************************************************************/
extern int TimeFrame=1440;
extern int MAPeriod=3;
extern int ma_shift=1;
extern int ma_method=MODE_EMA;
extern int applied_price=PRICE_TYPICAL;
//extern int envelope=233;
//double ExtMapBuffer1[];
//double ExtMapBuffer2[];
//double ExtMapBuffer3[];
double up[];
double md[];
double dn[];
double sup[];
double res[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
string short_name;
//---- indicator line
IndicatorBuffers(5);

SetIndexBuffer(0,up);
SetIndexBuffer(1,md);
SetIndexBuffer(2,dn);
SetIndexBuffer(3,res);
SetIndexBuffer(4,sup);

SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE);
SetIndexShift(0,1);
SetIndexShift(1,1);
SetIndexShift(2,1);

/* SetIndexBuffer(0,ExtMapBuffer1);
SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(1,ExtMapBuffer2);
SetIndexStyle(1,DRAW_LINE);
SetIndexBuffer(2,ExtMapBuffer3);
SetIndexStyle(2,DRAW_LINE); */

//---- name for DataWindow and indicator subwindow label
switch(ma_method)
{
case 1 : short_name="MTF_EMA("; break;
case 2 : short_name="MTF_SMMA("; break;
case 3 : short_name="MTF_LWMA("; break;
default : short_name="MTF_SMA(";
}
switch(TimeFrame)
{
case 1 : string TimeFrameStr="Period_M1"; break;
case 5 : TimeFrameStr="Period_M5"; break;
case 15 : TimeFrameStr="Period_M15"; break;
case 30 : TimeFrameStr="Period_M30"; break;
case 60 : TimeFrameStr="Period_H1"; break;
case 240 : TimeFrameStr="Period_H4"; break;
case 1440 : TimeFrameStr="Period_D1"; break;
case 10080 : TimeFrameStr="Period_W1"; break;
case 43200 : TimeFrameStr="Period_MN1"; break;
default : TimeFrameStr="Current Timeframe";
}
IndicatorShortName(short_name+MAPeriod+") "+TimeFrameStr);
}
//----
return(0);

//+------------------------------------------------------------------+
//| MTF Moving Average |
//+------------------------------------------------------------------+
int start()
{
datetime TimeArray[];
int i,shift,limit,y=0,counted_bars=IndicatorCounted();

// Plot defined timeframe on to current timeframe
ArrayCopySeries(TimeArray,MODE_TIME,Symbol(),TimeFrame);

limit=Bars-counted_bars;
ArraySetAsSeries(sup,true);
ArraySetAsSeries(res,true);

for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;

/***********************************************************
Add your main indicator loop below. You can reference an existing
indicator with its iName or iCustom.
Rule 1: Add extern inputs above for all neccesary values
Rule 2: Use 'TimeFrame' for the indicator timeframe
Rule 3: Use 'y' for the indicator's shift value
**********************************************************/
{
sup[y] = (((iHigh(NULL,TimeFrame,y)+iLow(NULL,TimeFrame,y)+iClose(NULL,TimeFrame,y))*2)/3)-iHigh(NULL,TimeFrame,y);
res[y] = (((iHigh(NULL,TimeFrame,y)+iLow(NULL,TimeFrame,y)+iClose(NULL,TimeFrame,y))*2)/3)-iLow(NULL,TimeFrame,y);
}
}
for(i=0,y=0;i<limit;i++)
{
if (Time[i]<TimeArray[y]) y++;
{

up[i] = iMAOnArray(res,0,3,0,MODE_EMA,y);
md[i] = iMA(NULL,TimeFrame,MAPeriod,ma_shift,ma_method,applied_price,y);
dn[i] = iMAOnArray(sup,0,3,0,MODE_EMA,y);
}
/* ExtMapBuffer1[i]=iMA(NULL,TimeFrame,MAPeriod,ma_shift,ma_method,applied_price,y) ;
ExtMapBuffer2[i]=ExtMapBuffer1[i]+(envelope*Point) ;
ExtMapBuffer3[i]=ExtMapBuffer1[i]-(envelope*Point) ;*/


}

//



return(0);
}
//+------------------------------------------------------------------+

This one is too buggy to work on. Better start from scratch.
Try this one http://codebase.mql4.com/3659
It's free.

ALX

Too buggy? How is that? It works. The only problem is there are spaces in the code for whatever reason after it was posted. Just click the error buttons and delete the spaces between the code.

heres the indicator template