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The similarity system

  • #1,761
  • Jul 14, 2013 4:11am Jul 14, 2013 4:11am
HAVE YOU GUYS NOTICED SOMETHING ABOUT the zones of dis-similarity?
I will post pictures soon!!!
  • #1,762
  • Jul 14, 2013 4:14am Jul 14, 2013 4:14am
Quoting Gvc
Ralome, I hope you don't mind, but I altered the indicator so that the user can select the number of bars to use. This way it is much faster and does not look for history all the way back to 19...... Just enter the number of bars you want into "barsToProcess" By default it is set to 1000..... {file}
Well done!

And there is more room for improvement.
  • #1,763
  • Jul 14, 2013 4:15am Jul 14, 2013 4:15am
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  • #1,764
  • Jul 14, 2013 4:18am Jul 14, 2013 4:18am
That can mean only two things. I hope you will figure them out!!
  • #1,765
  • Jul 14, 2013 4:21am Jul 14, 2013 4:21am
Quoting Eurusdd
HAVE YOU GUYS NOTICED SOMETHING ABOUT the zones of dis-similarity? I will post pictures soon!!!
They seem to appear at reversals, also defined on another thread as: PTECZs (Potential Trend Ending Consolidation Zones).
  • #1,766
  • Jul 14, 2013 4:21am Jul 14, 2013 4:21am
Quoting Eurusdd
That can mean only two things. I hope you will figure them out!!
Free money!!!
  • #1,767
  • Jul 14, 2013 4:22am Jul 14, 2013 4:22am
hello, i am still unable to understand how to trade using raolme indicator... can someone please help me out...

As per my understanding when the pink dot appears that means price has reached dis-similar zone and we shoud enter trade towards similar zone, is that correct? what if when the price is in the middle and pink dot appears (dis-similar zone) and there is zone 100 pips above price as well as another zone 100 pips below price? which direction will the price move ?

OR

Do we trade when either green or pink dot appears and we enter trade towards the zone... but again if zone is below and above the price which way price will move?

If my understanding is completely incorrect then pls guide me , will be really thankful.
  • #1,768
  • Jul 14, 2013 4:24am Jul 14, 2013 4:24am
Quoting Madmoney
{quote} Free money!!!
  • #1,769
  • Jul 14, 2013 4:25am Jul 14, 2013 4:25am
Quoting Eurusdd
That can mean only two things. I hope you will figure them out!!
They are turning points...
  • #1,770
  • Jul 14, 2013 4:29am Jul 14, 2013 4:29am
Quoting Madmoney
{quote} Free money!!!
An apt definition, the correct way of looking at eurusdd's revelations!
  • #1,771
  • Jul 14, 2013 4:31am Jul 14, 2013 4:31am
Quoting Eurusdd
That can mean only two things. I hope you will figure them out!!

with zigzag you will see the picture?
Never say no to PIPS
  • #1,772
  • Jul 14, 2013 4:31am Jul 14, 2013 4:31am
One can use this week to test it live and find ways to trade it successfully. All the best. It will be nice if the house can discuss setups together since almost everyone will be looking at the same thing! Peace!
  • #1,773
  • Jul 14, 2013 4:31am Jul 14, 2013 4:31am
Quoting Eurusdd
{image}{image}
  • #1,774
  • Jul 14, 2013 4:33am Jul 14, 2013 4:33am
Quoting Eurusdd
{image}{image}
Are these what you called tops & bottoms?
  • #1,775
  • Jul 14, 2013 4:36am Jul 14, 2013 4:36am
Quoting Eurusdd
One can use this week to test it live and find ways to trade it successfully. All the best. It will be nice if the house can discuss setups together since almost everyone will be looking at the same thing! Peace!
turning points can happen more than once in dis-similarity zones?? see picture
regards
Attached Image (click to enlarge)
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  • #1,776
  • Jul 14, 2013 4:36am Jul 14, 2013 4:36am
Quoting lazyegg
{quote} with zigzag you will see the picture?
Zigzag may repaint, but the dissimilarity line won't
  • #1,777
  • Jul 14, 2013 4:37am Jul 14, 2013 4:37am
Quoting xixi
{quote} Are these what you called tops & bottoms?
If we add the method I wanted to show you yesterday - we can do better than we have done in the past. There is now a real opportunity for people to trade successfully! Just do a good analysis!
  • #1,778
  • Jul 14, 2013 4:38am Jul 14, 2013 4:38am
Quoting shiva
{quote} Zigzag may repaint, but the dissimilarity line won't

That is why this is a real tool.......
  • #1,779
  • Jul 14, 2013 4:42am Jul 14, 2013 4:42am
This is very interesting cos it contains a lot of facets that traders use - regression, divergence, supply and demand.
  • #1,780
  • Jul 14, 2013 4:43am Jul 14, 2013 4:43am
Quoting handy148
This is very interesting cos it contains a lot of facets that traders use - regression, divergence, supply and demand.

A super concept and indicator!!!
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