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The similarity system

  • #2,461
  • Jul 16, 2013 2:30pm Jul 16, 2013 2:30pm
Quoting crottsinabox
{quote} ... Now if more people don't have those zones than do have them, I would be inclined to think maybe my chart is wrong, but I honestly just dont know
Or I'm just an idiot... I needed to exit/restart MT4, and magically the zones appeared. So it was my issue, not yours, sorry!!

And yes, it is from June 20th, and around 1.3258. It's something like 26 days old, and I wonder how strong it is.
I also see a S/R around 1.3170-1.3180, and an even stronger at 1.3200. So my thinking is that there are two possible outcomes.

  1. Price keeps going up and through the SR, taking out that zone above, and maybe forming a nice double top on D1, to begin the fall afterwards.
  2. It heads South now, bouncing back from the lower SR level (~1.3180), falling so to take out the currently open dissim zone (supposed it's coming back to similarity until then), and maybe the ones below, and the zone above will simply fade out.

Looking at all the other indies (forgive me for that, I'm trying to merge this concept into my previous strategies), EU is very much overbought, so from this view I'd vote for a drop soon. From the sim/dissim thinking, I'd vote for further price increase, as the dissim is still there, and it simply doesn't make sense for price to drop before the dissim is over.

Hmmmm....

  • #2,462
  • Jul 16, 2013 2:32pm Jul 16, 2013 2:32pm
Quoting ~bull.bear~
{quote} Don't be alone. We have the same zone. Sorry,i can't post my chart here as i am at outside.
maybe you try Ralomes version 1.2, after I changed the Stoch_Diff indicator to this version the zones above appears
  • #2,463
  • Jul 16, 2013 2:34pm Jul 16, 2013 2:34pm
Quoting lnorbi
{quote} Or I'm just an idiot... I needed to exit/restart MT4, and magically the zones appeared. So it was my issue, not yours, sorry!! And yes, it is from June 20th, and around 1.3258. It's something like 26 days old, and I wonder how strong it is. I also see a S/R around 1.3170-1.3180, and an even stronger at 1.3200. So my thinking is that there are two possible outcomes. Price keeps going up and through the SR, taking out that zone above, and maybe forming a nice double top on D1, to begin the fall afterwards. It heads South now, bouncing back...

No apology necessary that's what we are all here for to help each other. I feel the same way. One way of thinking tells us price will go up, and another tells us it will go down. Eurusdd said we should get to a point where we don't second guess the trade.

I am looking for the post where he talked about mean/modes. I am hell bent on figuring this out.
  • #2,464
  • Jul 16, 2013 2:35pm Jul 16, 2013 2:35pm
Quoting crottsinabox
Try loading the second version of the indicator. I remember Ralome saying something about the third version so I went back to using the 2nd version (v1_2) When I upload a new 15min chart with v1_80 the upper zones are gone
Yes. In v1.8 there is a setting 'zone_lifetime_in_days', and by default it's 14. If you increase it to eg. 75, the zone will appear.
For me it was something with MT4 getting mad at the number of objects somehow. After restart it displayed the missing ones correctly.
  • #2,465
  • Jul 16, 2013 2:37pm Jul 16, 2013 2:37pm
So we can agree now across brokers that we all see the same zones?

Also pay attention to the StochDiff line when price starts to move. Most of yesterday when the price would move up, so would the indi. now I am seeing it move down as price moves up.
  • #2,466
  • Jul 16, 2013 2:39pm Jul 16, 2013 2:39pm
Quoting Forex Lion
{quote} maybe you try Ralomes version 1.2, after I changed the Stoch_Diff indicator to this version the zones above appears
Emm....no problem. I will try when i back home.


Quoting lnorbi
{quote} Yes. In v1.8 there is a setting 'zone_lifetime_in_days', and by default it's 14. If you increase it to eg. 75, the zone will appear. For me it was something with MT4 getting mad at the number of objects somehow. After restart it displayed the missing ones correctly.
Is it? But according to to EURUSDD, if the zone stays more than 1 week, it can be ignored, the extreme would be 2 week. But if we take 75 days, i think this doesn't make sense.
  • #2,467
  • Jul 16, 2013 2:44pm Jul 16, 2013 2:44pm
I think a very useful indicator of change ralome would be able to see if the difference of similarity and positive or negative

I think this is very useful for our trading

eurusd will correct me if
  • #2,468
  • Jul 16, 2013 2:44pm Jul 16, 2013 2:44pm
Quoting crottsinabox
Yea this zone is from way back on June 20th. It is out of the 2 week (extreme case) range but not out of 75 day range so I guess it is still possible to hit. I need to go back and read what Eurusdd said about the Modes. Maybe it has something to do with that. There is actually even another zone above that at 1.3397. If you take your mouse at click and hold the numbers on the right side of the graph and drag up and down it expands/contracts the prices so you can see more levels in the same time frame. {image}
crottsinabox, please see post 1869 on page 94 where I noticed the same.
The zones are there with both versions of the StochDif indicator.


Thanks for the tip about expanding the graph, you live and learn
  • #2,469
  • Jul 16, 2013 3:02pm Jul 16, 2013 3:02pm
Price either go up or down, this is valid.

You can always find a zone upper or lower. So, price goes either way is always valid. unless price goes all time high.

Price doesn't has to hit the zone. if you already into the market in the wrong direction but towards your zone, see what gonna happen? stop you out every time.

So, basically this zone method is not very efficient. and the dissimilarity will continue.
  • #2,470
  • Jul 16, 2013 3:08pm Jul 16, 2013 3:08pm
No problem

Let's try to figure this out. He said it is like chess. We have to plan moves ahead. I play chess sometimes so lets try to look 3-4 moves ahead.

Currently there are 4 zones on the chart. 1.3400, 1.3258, 1.2929, and 1.2853.

Logic tells us not to worry about 3400 and 2853 as price has to pass through 3258 or 2929 to reach them. But think about what he said. Price is going to take the easiest path to wipe out as many zones as it can without making new zones.

We have 4 zones paint and one pending. If price can manage to creep up to 3258 without hitting similarity then it can eliminate a zone. Now we are down to 3 painted. Well obviously at that point, 3400 is way easier to take out than 2853 so taking the easier path would take out another zone. Now we are down to 2 painted. now if at some point it hit sim than we are back to 3 which is still better than 4. If it hits similarity then trend would change and head back down. Now the new zone at 1.3028 would be in view. 3 zones. Heads down takes out 3028. Granted we dont hit dis-sim along the way that would leave 2 painted zones that wouldn't be too far away to take out.

Right now when price drops it makes the dis-sim worse so it looks as though price has to rise (right now at least) to bring the similarity back to normal

Also notice that once price approaches a zone it seems to be drawn to it. like s/r it can't seem to get away once it is close enough. Unless of course it just spiked right through

Over analyzed?:nerd:
  • #2,471
  • Jul 16, 2013 3:12pm Jul 16, 2013 3:12pm
I can see a dissimilarity here, M15 chart, after the major trend reversal. Indicator doesn't show it for me.

Now we are back at this price and then... if similarity appears...

Sometimes i wonder it this theory will not explain a lot of "mirror" patterns we see so manytimes. Double top here (1 week wide). First with dissimilarity so then the second top for the come back.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.png Size: 32 KB
  • #2,472
  • Jul 16, 2013 3:16pm Jul 16, 2013 3:16pm
Quoting smartest
Price either go up or down, this is valid..
best info found so far in this thread
  • #2,473
  • Jul 16, 2013 3:20pm Jul 16, 2013 3:20pm
Hi everyone,

here's an indy you can use to compare v1.2 with v1.8. Do the following:

1. Open a new chart, put v1.2 on it. After the zones appear, put this indy on too. It will create a file objectlist.txt in experts/files. Create a copy of this file with a different name, then delete the original.
2. Remove both indicators.
3. Put v1.8 on the chart, but change the bars_limit setting to zero, the zone_lifetime_in_days to 999 and show_counters to false. Put on the objectslist indy, it will create another objectlist.txt.
4. Compare the two .txt files.

I've just tested it myself, I didn't see any difference. Make sure of course that no new candle appears while you're doing this

There were also other reports about objects appearing/disappearing/not updating. Let me introduce you to the darkest hell of MT4 known to me called "I Just Effing Reset My Effing Charts":

5:39 -- bars: 9439 -- IndicatorCounted: 0
5:39 -- bars: 9439 -- IndicatorCounted: 9438
5:39 -- bars: 9439 -- IndicatorCounted: 9438
(...)
5:39 -- bars: 9439 -- IndicatorCounted: 9438
5:40 -- bars: 9440 -- IndicatorCounted: 9438
5:40 -- bars: 9440 -- IndicatorCounted: 9439
5:40 -- bars: 9440 -- IndicatorCounted: 9439
(...)
(...so far so good, but after some time, comes the magic...)
(...)
14:21 -- bars: 9961 -- IndicatorCounted: 9960
14:21 -- bars: 9961 -- IndicatorCounted: 9960
14:22 -- bars: 9962 -- IndicatorCounted: 9960
14:22 -- bars: 9834 -- IndicatorCounted: 0
14:22 -- bars: 9834 -- IndicatorCounted: 9833
14:22 -- bars: 9834 -- IndicatorCounted: 9833

At that precious moment, both the objects and the green/pink dots/lines go tits up (at least on my MT4). You can easily spot it by checking if there are two dots/lines after each other that have the same color. It can be solved with a period switch and switching back, or removing the indy and reattaching it.

Hope this helps
Attached File(s)
File Type: mq4 ObjectList.mq4   2 KB | 429 downloads
Even if you fall on your face, you're still moving forward.
  • #2,474
  • Jul 16, 2013 3:21pm Jul 16, 2013 3:21pm
Quoting bradu
{quote} best info found so far in this thread


Thank you !
  • #2,475
  • Jul 16, 2013 3:23pm Jul 16, 2013 3:23pm
Quoting smartest
Price either go up or down, this is valid. You can always find a zone upper or lower. So, price goes either way is always valid. unless price goes all time high. Price doesn't has to hit the zone. if you already into the market in the wrong direction but towards your zone, see what gonna happen? stop you out every time. So, basically this zone method is not very efficient. and the dissimilarity will continue.
Why are you still here? Being dissimilar?
A pip is only worth it if you know how much you risked to earn it
  • #2,476
  • Jul 16, 2013 3:25pm Jul 16, 2013 3:25pm
Quoting bradu
{quote} best info found so far in this thread
I Agree too, this system feels more like Russian roulette at the moment
Every cent earned is one step closer to independence
  • #2,477
  • Jul 16, 2013 3:28pm Jul 16, 2013 3:28pm
Quoting smartest
Price either go up or down, this is valid. You can always find a zone upper or lower. So, price goes either way is always valid. unless price goes all time high. Price doesn't has to hit the zone. if you already into the market in the wrong direction but towards your zone, see what gonna happen? stop you out every time. So, basically this zone method is not very efficient. and the dissimilarity will continue.

There are also other timeframes to take into account not just the 15m.
  • #2,478
  • Jul 16, 2013 3:34pm Jul 16, 2013 3:34pm
Just copied my MT4 onto my DropBox so I will see tomorrow whether I can run it at my Workstation. Fingers crossed.
A pip is only worth it if you know how much you risked to earn it
  • #2,479
  • Jul 16, 2013 3:40pm Jul 16, 2013 3:40pm
settings would be like in 1 day?
  • #2,480
  • Jul 16, 2013 4:01pm Jul 16, 2013 4:01pm
Could everybody PLEASE take a break from this thread, for about a week or so?
I´m trying to catch up since around page 80 or something!
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