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The gg53 "Killing Zone"

  • #541
  • Oct 15, 2012 7:33am Oct 15, 2012 7:33am
Now that you got those indicators - Please use LOGIC to understand what you actually see - and don't trade mechanically.


Price____Volume____________Meaning
------------------------------------------------------
Up_______ Up__________ The Currency pair is in UPTREND.

Up_______ Down________ Divergence. Consider exit if in LONG position.

Down____ Up___________ Traders are leaving the LONG position.

Down_____Down________ The currency pair is near it's bottom.



G.
  • #542
  • Oct 15, 2012 11:39am Oct 15, 2012 11:39am
gg53, welcome back and thanks for the additional material....

Would you please explain a bit more about the underlying calculation of the tick volume indicator?

The one i am using displays volume per tick per sell / buy separately as a whole number, but your indicator seems to oscillate between +1 and -1

Gruss & Dank im voraus

Mop
  • #543
  • Edited 12:10pm Oct 15, 2012 11:59am | Edited 12:10pm
Quoting mobthehop
gg53, welcome back and thanks for the additional material....

Would you please explain a bit more about the underlying calculation of the tick volume indicator?

The one i am using displays volume per tick per sell / buy separately as a whole number, but your indicator seems to oscillate between +1 and -1

Gruss & Dank im voraus

Mop
Mop,

Please share your TickVolume indicator - maybe we can learn something.

Formula:

ema(UpTicks) - ema(DownTicks)
-------------------------------- * 100 = TickVolume
ema(UpTicks) + ema(DownTicks)


G.


BTW: I don't speak German... It was a joke.
  • #544
  • Oct 15, 2012 12:08pm Oct 15, 2012 12:08pm
Hey All,

It seems that I need more "Vouches" in order to upgrade the contributing programmers and contributors in this forum - so please vouch for me if you find it helpfull.

Thanks in advance.

G.
  • #545
  • Oct 15, 2012 1:45pm Oct 15, 2012 1:45pm
welcome back gg......glad to see u active again.... i have question regarding normalized volume oscillator......wht the colors indicate and if for entry we need to look at the color of the bar ?

regards,
Ali
  • #546
  • Oct 15, 2012 2:03pm Oct 15, 2012 2:03pm
Quoting alij79
welcome back gg......glad to see u active again.... i have question regarding normalized volume oscillator......wht the colors indicate and if for entry we need to look at the color of the bar ?

regards,
Ali
Ali,

Pls read post #534 - there is a link there with explanation of the color coding. It's basically color coding based on Fibonacci numbers.

...and no need to look at the color of the bar as long as it is above zero.

G.
  • #547
  • Oct 15, 2012 7:15pm Oct 15, 2012 7:15pm
Gg53, I use this one http://www.forexfactory.com/showthread.php?p=2676896#post2676896

Cheers

Mop
  • #548
  • Oct 15, 2012 8:22pm Oct 15, 2012 8:22pm
Quoting mobthehop
Gg53, I use this one http://www.forexfactory.com/showthread.php?p=2676896#post2676896

Cheers

Mop

Mop,

Thanks, but not very helpfull for our purpose.

G.
  • #549
  • Oct 15, 2012 8:56pm Oct 15, 2012 8:56pm
G, I like this deep volume approach, thanks, and very interesting Dr Shumiloff work, even in the russian forum.
In 15 m do you still use your MM rules? do you change TP or SL? are they PS/fractals based? or are based in post#7 rules?
Humble & Kalcker CLO2 = Covid killer
  • #550
  • Oct 15, 2012 9:15pm Oct 15, 2012 9:15pm
[See the posts "Follow the Elephants" #384, #385, #387, #392, #394, #397]

To complete our "Setup" for an individual chart - we need to know the spots where the "Elephants" drink and pee.

Since Elephants are not so good at math - they use round numbers.
Their Buy/Sell trades are given in either whole numbers or steps of 0.5.

Put the attached indicator and you will see that those "spots" are usually the most active ones and to me it makes more sense and logic than Support/Resistance.

It is recommended that you remove the grid to make it easier on your eyes.


G.
Attached File(s)
File Type: mq4 SweetSpotsGOLD.mq4   4 KB | 766 downloads
  • #551
  • Oct 15, 2012 9:22pm Oct 15, 2012 9:22pm
Quoting jusiur
G, I like this deep volume approach, thanks, and very interesting Dr Shumiloff work, even in the russian forum.
In 15 m do you still use your MM rules? do you change TP or SL? are they PS/fractals based? or are based in post#7 rules?
jusiur,

We use the same rules with the modification of SL (explained here somewhere...) - i.e PSAR/Fractals.


G.
  • #552
  • Oct 15, 2012 10:28pm Oct 15, 2012 10:28pm
Someone may find this indy useful.
Attached File(s)
File Type: ex4 PowerDynamiteAreas.ex4   10 KB | 884 downloads
Enter Signature
  • #553
  • Oct 15, 2012 11:16pm Oct 15, 2012 11:16pm
this indicator does not seem to be working on my mt4 ..... when i try to apply on chart nothing happens.... anyone else facing same issue?

Quoting altoronto
gg53, welcome back and please find slightly updated mn killing zone indicator with arrows on chart.
  • #554
  • Oct 15, 2012 11:26pm Oct 15, 2012 11:26pm
Quoting alij79
this indicator does not seem to be working on my mt4 ..... when i try to apply on chart nothing happens.... anyone else facing same issue?

The indicator operates over the top of the original gadi obv indicator - so you need to attach the original one to your chart before you attach the one you are attempting.
Enter Signature
  • #555
  • Oct 16, 2012 4:03am Oct 16, 2012 4:03am
This thread has some brilliant ideas. I've been playing around with the turning points of the TickVolume indicator and have had quite a bit of success. I think the gradients have good predictive power combined with some experience and PA ability.

I have also had success in a ranging market when the tops and bottoms have been identified and are large enough that the spread doesn't remove profits, acting on turning points sometimes, and tops and bottoms others. For good risk/reward trades it has been great help, along with looking at MT4 volume levels.

I'm going live soon and am going to do some real trades using this as I think it has a lot of merit. I've just started to use OBV and shall see how I go with that.

I'd love to help with this, though I am no programmer and am new to forex.
  • #556
  • Oct 16, 2012 5:57am Oct 16, 2012 5:57am
its not working... previous works absolutely fine while this one does not get attached..... seems there is some issue... tried on two brokers and same issue.

Quoting Sarythsaya
The indicator operates over the top of the original gadi obv indicator - so you need to attach the original one to your chart before you attach the one you are attempting.
  • #557
  • Oct 16, 2012 7:11am Oct 16, 2012 7:11am
Quoting Visari
This thread has some brilliant ideas. I've been playing around with the turning points of the TickVolume indicator and have had quite a bit of success. I think the gradients have good predictive power combined with some experience and PA ability.

I have also had success in a ranging market when the tops and bottoms have been identified and are large enough that the spread doesn't remove profits, acting on turning points sometimes, and tops and bottoms others. For good risk/reward trades it has been great help, along with looking at MT4 volume...
Visari,

I'm glad that you enjoy it and find it usefull.
If you need more help or clarifications - just ask.

Also, please share with us your settings/setup and their results.

G.
  • #558
  • Oct 16, 2012 7:14pm Oct 16, 2012 7:14pm
Quoting gg53
......
Here comes the "Tick_Volume" indicator (Merged and modified from various free sources).

G.
Great to see you back, GG and thanks for continuing to share your use of the ObV methodology.
Have been trying for a while, but, probably due to some Win 7 issue, the .ex4 files do not appear in my navigator, so cannot attach them to charts.
Had the same problem with the Gadi Obv, but found that it would appear on a chart by applying your template.
So, could you please post a template with the Gadi Tick volume and the Gadi volume indicators on it.
In the meantime, I am trying a free source TVI, which appears very similar to the Gadi Tv.
EP
  • #559
  • Oct 17, 2012 1:57pm Oct 17, 2012 1:57pm
Quoting EaglePip
Great to see you back, GG and thanks for continuing to share your use of the ObV methodology.
Have been trying for a while, but, probably due to some Win 7 issue, the .ex4 files do not appear in my navigator, so cannot attach them to charts.
Had the same problem with the Gadi Obv, but found that it would appear on a chart by applying your template.
So, could you please post a template with the Gadi Tick volume and the Gadi volume indicators on it.
In the meantime, I am trying a free source TVI, which appears very similar to the Gadi Tv.
EP
EaglePip,

Strange.. I don't recall posting any templates...

Who is your broker?
MT4 Build?
Do you have enough historical data?
Can you see the standard OBV that came with MT4?

G.
  • #560
  • Oct 17, 2012 2:57pm Oct 17, 2012 2:57pm
Following the tradition of "Forex is a game of DEFENCE" we will continue to the next chapter and indicator that wil dramatically reduce our trading risks.

If used correctly - it will show you:

1. The whole Forex market condition at a glance - with easilly identified risks and opportunitis.
2. What currency pairs to avoid.
3. The best Risk/Reward ratio of potential trades.

Before going into details - let's review the "Currency" issue.

The currency is the pride and joy of every country and its relative government.
The currency can be viewed as the country "Stock" in the stock market.
The currency rate dictates almost every aspect of that country economy.
If the rate is too high - exporters will suffer and that might lead to reduced production and unemployment.

If the rate is too low - The import will be more expensive and that might lead to inflation and reduced standard of living.

The globalization also affect each country's currency - a rate change in one currency affect almost all others - the butterfly effect...

The result of the above is that currencies tend to fluctuate between those extremes - both on the short and long run.

Understanding this is important for successfull use of the next tool we are going to introduce to our trading "Arsenal".

Since we are trading a "pair" of currencies - it is good to know if they are reaching the "too high" rate or the "too low" rate - because it is almost certain that the currency rate will "fall" if it's too high or "climb" if it's too low.
...and maybe we will get lucky and find some other currency that is doing the opposite at the same time?

Did we mention "Logic" and "Prediction" somewhere ?!?!

Another thing to watch is "Currency Correlation".
Positive "Currencies Correlation" is when both currencies are going in the same direction most of the time.
That doesn't mean that they have the same rate of changes or that we should not trade them - it means that those trades are more risky.

Next post will be on market overview, what currencies to avoid, what currencies to trade and when to trade them (with one additional indicator).


G.
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