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The gg53 "Killing Zone"

  • #521
  • Oct 9, 2012 9:45am Oct 9, 2012 9:45am
Quoting Tpc23
Josch: Thanks for the reply. I agree with your statement. That's why I used the OBV as the input for the Bollinger Bands. The placement of the bands is based upon the OBV data, not price. I am really searching for a breakout of volume that will subsequently indicate a breakout in price.

Unless I have completely misunderstood the use of Bollinger .....

T
First of all I don't want to hijack this thread but here is indicator that tpc23 is talking about.
Attached File(s)
File Type: ex4 obv2 bands+arrows.ex4   6 KB | 976 downloads
  • #522
  • Oct 9, 2012 10:00am Oct 9, 2012 10:00am
Quoting josch
Tpc23,

if I didn't misunderstand - you are searching for breakout volume & price? If you haven't read the thread, it would be helpful. Look at post #50 (http://www.forexfactory.com/showthread.php?p=5976398#post5976398), there you see charts showing developing breakouts in volume & price.

josch
Thanks again. I have read the thread thoroughly and understand the concept. I am measuring volume, not price. We seem to be speaking at cross purposes, so I will stop here.

T.
  • #523
  • Oct 9, 2012 10:38am Oct 9, 2012 10:38am
Quoting altoronto
First of all I don't want to hijack this thread but here is indicator that tpc23 is talking about.
Alto:

Thank you. That is pretty much exactly what I was trying to do. The bands are adjustable and I really don't need the middle line. I knew that I was not the first one to think of this. Thanks again. A new toy to work with. Jsut for display purposes, I changed the Std Deviations setting to 1.5 instead of 2.0 to see how it would work.

T
Attached Image (click to enlarge)
Click to Enlarge Name: OBV Bollies versu OBV2 Arrows.JPG Size: 87 KB
  • #524
  • Oct 11, 2012 6:36am Oct 11, 2012 6:36am
Very interesting topic here (http://www.stevehopwoodforex.com/phpBB3/viewtopic.php?f=45&t=857)
sorry if it involves some kind of MA´s, just wanted to share with you
Humble & Kalcker CLO2 = Covid killer
  • #525
  • Oct 13, 2012 10:22pm Oct 13, 2012 10:22pm
this is Triangular Moving Average of OBV.....
  • #526
  • Oct 14, 2012 4:24am Oct 14, 2012 4:24am
Hi All,

I'm (partialy) back...

The whole idea of using VOLUME (Gadi_OBV) as a main indicator (combined with other indies) is to try to PREDICT near future moves.

Using Moving Averages and their variations is based on HISTORY and the hope that it will repeat itself...

I'm not trading "hopes" and history.

G.
  • #527
  • Oct 14, 2012 4:38am Oct 14, 2012 4:38am
Quoting Tpc23
I have been reading this thread with great interest. Thanks to all who have provided coding assistance as well as GG53 for the inspiration.

As a relative newb, I was wondering if there is any reason that Bollinger Bands overlayed on the OBV data couldn't be used to indicate consolidation and breakouts? In the example below I have used the data from the OBV to generate the BB's. To my understanding, this would give an indication of when volume (and necessarily price) are in consolidation as well as subsequent breakouts. The thing I am missing is...
Tpc23,

I've double-checked the Bolinger Bands vs. Gadi_OBV breakout on H1 - and almost all the breakouts on Gadi_OBV occurs earlier - and there are lots of cases that BB "Missed" a good breakouts that Gadi_OBV identified.

G.
  • #528
  • Oct 14, 2012 5:27am Oct 14, 2012 5:27am
The Gadi seems to actually predict price. Well that's what it looks like. It moves before price does! You guys are onto the biggest goldmine since Big E's indicator on another thread. How much is the indicator? I am following with great interest. Thanks.
'Fail to plan, plan to fail'
  • #529
  • Oct 14, 2012 1:20pm Oct 14, 2012 1:20pm
Quoting gg53
Hi All,

I'm (partialy) back...

The whole idea of using VOLUME (Gadi_OBV) as a main indicator (combined with other indies) is to try to PREDICT near future moves.

Using Moving Averages and their variations is based on HISTORY and the hope that it will repeat itself...

I'm not trading "hopes" and history.

G.
Welcome back gg but please please go on and teach us the complete strategy
  • #530
  • Oct 14, 2012 7:28pm Oct 14, 2012 7:28pm
Quoting gg53
Tpc23,

I've double-checked the Bolinger Bands vs. Gadi_OBV breakout on H1 - and almost all the breakouts on Gadi_OBV occurs earlier - and there are lots of cases that BB "Missed" a good breakouts that Gadi_OBV identified.

G.
G:

Thanks for considering my idea.

Until I am able to pick the settings for Gadi_OBV more accurately, the BB's overlayed on top of the OBV, and using the OBV as the input to the BB calculations with 1.9 standard deviations gives me a pretty good visual indication.

I look forward to your continued lessons.

T
  • #531
  • Oct 14, 2012 9:14pm Oct 14, 2012 9:14pm
Quoting gg53
Tpc23,

I've double-checked the Bolinger Bands vs. Gadi_OBV breakout on H1 - and almost all the breakouts on Gadi_OBV occurs earlier - and there are lots of cases that BB "Missed" a good breakouts that Gadi_OBV identified.

G.
gg53, welcome back and please find slightly updated mn killing zone indicator with arrows on chart.
Attached File(s)
File Type: ex4 mn KillingZone v1.3.3.ex4   19 KB | 1,149 downloads
  • #532
  • Oct 15, 2012 3:37am Oct 15, 2012 3:37am
Quoting altoronto
gg53, welcome back and please find slightly updated mn killing zone indicator with arrows on chart.
altoronto,

Many, many thanks !!
Going to test it tonight.
Thanks again.

G.
  • #533
  • Oct 15, 2012 3:45am Oct 15, 2012 3:45am
I feel I need some explanation for my "dissapearing" for such a long time.

1. There was a sequence of holidays on our end with gazillion of guests in my home.

2. During that time I got 2 messages from European & American investment firms that want to meet and discuss some kind of partnership - so I needed to travel abroad.

Now I'm here - and let's continue.

G.
  • #534
  • Oct 15, 2012 4:18am Oct 15, 2012 4:18am
The next indicator is based on "Normalized Volume Oscillator" by Dr Shumiloff (http://codebase.mql4.com/3747) with slight modifications.

It is intended for lower TF (recommended M15).

It will show the VOLUME activity in a more coherent and visual way.

Since Forex is "a game of DEFENCE" - we will NEVER enter a trade when the volume is below zero (BLUE lines).

The blue lines is very smiliar to the "Killing Zone" definition and can be used to draw the horizontal lines on Gadi_OBV for breakout.

Please note the the "Normalized Volume" shows the VOLUME without it's direction, i.e. a large VOLUME (above zero) can indicate a lot of "Sellers".

We will later use this indicator to identify and confirm entry points.


Coffee, few phone calls, and we will continue...

G.
Attached File(s)
File Type: ex4 Gadi_NormalizedVolume.ex4   4 KB | 1,142 downloads
  • #535
  • Oct 15, 2012 5:01am Oct 15, 2012 5:01am
The slogan "Volume predict price" is very nice and true - but how can we "predict" if the reaction to VOLUME changes is so rapid and the platform (i.e. MT4) is showing Volume and Bar close at the same time on the chart?

...And how do we overcome the issue that different brokers are showing different volumes for the same currency pair?

Here comes the "Tick_Volume" indicator (Merged and modified from various free sources).

The Tick_Volume indicator shows the ACTIVITY of the Buyers & Sellers.
The more "Ticks" per candle/bar - the more activity it contains.

By comparing previous bars/candles "Ticks" we can isolate the differences among brokers.

We count the "Volume Ticks" for each bar and their direction - and we can "know", in advance, where the market price is going.

Recommended use - M15.

G.
Attached File(s)
File Type: ex4 Gadi_TickVolume.ex4   4 KB | 1,165 downloads
  • #536
  • Oct 15, 2012 5:26am Oct 15, 2012 5:26am
You are doing great things gg - so much fresh thought in the realm of volume data. cheers.
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  • #537
  • Oct 15, 2012 5:48am Oct 15, 2012 5:48am
The most powerfull combination of Gadi_OBV + Gadi_TickVolume + Gadi_NormalizedVolume on M15 is:

The reversal from Peek or Trough in Gadi_OBV + Gadi_TickVolume with positive Gadi_NormalizedVolume (above zero).

A more "conservative" method is to use the zero cross of Gadi_TickVolume + positive Gadi_NormalizedVolume (above zero).

G.
Attached Image (click to enlarge)
Click to Enlarge Name: peektrough.gif Size: 34 KB
  • #538
  • Oct 15, 2012 5:53am Oct 15, 2012 5:53am
Quoting Sarythsaya
You are doing great things gg - so much fresh thought in the realm of volume data. cheers.
Sarythsaya,

Dankeschön mein Herr ! http://www.forexfactory.com/images/icons/icon7.gif

G.
  • #539
  • Oct 15, 2012 6:53am Oct 15, 2012 6:53am
Quoting Guitarbloke
The Gadi seems to actually predict price. Well that's what it looks like. It moves before price does! You guys are onto the biggest goldmine since Big E's indicator on another thread. How much is the indicator? I am following with great interest. Thanks.
Guitarbloke,

Thanks.

Pls enlighten us about Big E's indicator thread.

G.
  • #540
  • Oct 15, 2012 7:00am Oct 15, 2012 7:00am
Quoting gg53
Sarythsaya,

Dankeschön mein Herr ! http://www.forexfactory.com/images/icons/icon7.gif

G.
wir sind in Ihrer Schuld.
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