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The similarity system

  • #3,981
  • Jul 22, 2013 11:40am Jul 22, 2013 11:40am
Quoting Eurusdd
{quote} I NEVER said that!!!
Sorry Eurusdd, You NEVER said that. I've wrong explain (sorry for my bad english). That was actually my interpretation of what i saw from your signature / footer (the red icon with "EUR/USD" text), and will show popup window if we put our mouse over it .... sorry for wrong explanation ...
  • #3,982
  • Jul 22, 2013 11:42am Jul 22, 2013 11:42am
Quoting Forex Lion
{quote} a very good point, I am also looking for S/D zones, you are right, a lot of them are the same as the zones within this system,
for example, here is a 4H chart with S/D zones
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  • #3,983
  • Jul 22, 2013 11:45am Jul 22, 2013 11:45am
Sooo, here's another toy for you to play with

Big shouts once again to PiPtHiEf and FXWrangler!

Changes in 2.30

  1. bit of bugfixing (no refreshing problem encountered by some should be gone)
  2. removed some sidetracking functions (go back to old versions if you wish to experiment)
  3. you may choose to display zone lifetime in trading days (=weekend excluded)
  4. a forecast option is available to show POSSIBLE future zones

Disclaimers about the forecast option:

  1. The "engine" is equivalent to R-V1.
  2. The forecast will change if a new highest high/lowest low comes in (as pointed out by lnorbi earlier)
  3. Inserted Code
    extern string weekend_correction="0: correct position, 1: correct date";
extern int correct_position_or_date = 0;

    This option will help you choose which lovely feature of MT4 you want to enjoy [/sarcasm]. Take a look at the picture. You can see 1+2+2 lines on the right. First dotted line has correct date and correct position, because that line is in the current week. The next two lines are scheduled to appear next week. The picture shows both options for those in one screenshot. Everybody knows that MT4 doesn't display any empty space to "mark" weekends where no trading took place, i.e. after the last Friday candle comes directly the first Sunday/Monday candle. However, in the future, the whitespace is there. Which means, if you move the crosshair cursor to the right to the future, the dates will show weekends too (=as if MT4 assumed that trading will go on during the weekend). This means that the lines scheduled to appear next week will either have the wrong date, or have the wrong position. You can choose which one you wish to live with
  4. If you choose to display the dashboard, it forces you to go with the right dates, i.e. it will override the correct_position_or_date if you set it to 0.

Rest of the settings should be self explanatory. Enjoy!

Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 StochDifZones_v2_30.mq4   21 KB | 806 downloads
Even if you fall on your face, you're still moving forward.
  • #3,984
  • Jul 22, 2013 11:45am Jul 22, 2013 11:45am
1H charts forming some very nice pins. This will be a beauty! Now if I could only trade ... come on OneTwoTrade...sort your game out!

EDIT:
As an aside, congratulations and applause all round to our illustrious leader, the topics on this thread and to all contributors and readers!
200 pages of posts!
Attached Image (click to enlarge)
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A pip is only worth it if you know how much you risked to earn it
  • #3,985
  • Jul 22, 2013 11:48am Jul 22, 2013 11:48am
Quoting Ralome
Sooo, here's another toy for you to play with Big shouts once again to PiPtHiEf and FXWrangler! Changes in 2.30 bit of bugfixing (no refreshing problem encountered by some should be gone) removed some sidetracking functions (go back to old versions if you wish to experiment) you may choose to display zone lifetime in trading days (=weekend excluded) a forecast option is available to show POSSIBLE future zones Disclaimers about the forecast option: The "engine" is equivalent to R-V1. The forecast will change if a new highest high/lowest...
Thank U very much Ralome, PiPtHiEf & FXWrangler ....
  • #3,986
  • Jul 22, 2013 11:54am Jul 22, 2013 11:54am
Awesome!!! Another dimension!! Might have to rewrite my theories though....can't wait to get back to my platform!!
I want more brain power!
  • #3,987
  • Jul 22, 2013 11:57am Jul 22, 2013 11:57am
Quoting Ralome
Sooo, here's another toy for you to play with Big shouts once again to PiPtHiEf and FXWrangler! Changes in 2.30 bit of bugfixing (no refreshing problem encountered by some should be gone) removed some sidetracking functions (go back to old versions if you wish to experiment) you may choose to display zone lifetime in trading days (=weekend excluded) a forecast option is available to show POSSIBLE future zones Disclaimers about the forecast option: The "engine" is equivalent to R-V1. The forecast will change if a new highest high/lowest...

thanks great job...
  • #3,988
  • Jul 22, 2013 12:08pm Jul 22, 2013 12:08pm
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting Ralome
Sooo, here's another toy for you to play with Big shouts once again to PiPtHiEf and FXWrangler! Changes in 2.30 bit of bugfixing (no refreshing problem encountered by some should be gone) removed some sidetracking functions (go back to old versions if you wish to experiment) you may choose to display zone lifetime in trading days (=weekend excluded) a forecast option is available to show POSSIBLE future zones Disclaimers about the forecast option: The "engine" is equivalent to R-V1. The forecast will change if a new highest high/lowest...

Excellent job Ralome!!! and guys for your input! Another weapon in the arsenal!!!
An expert is a man who has made all the mistakes which can be made
  • #3,989
  • Jul 22, 2013 12:14pm Jul 22, 2013 12:14pm
Am i correct to assume that the recent DZ that occurred was cleared before the zone formed?
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  • #3,990
  • Jul 22, 2013 12:16pm Jul 22, 2013 12:16pm
Quoting panamamike
Am i correct to assume that the recent DZ that occurred was cleared before the zone formed? {image}
That's correct Mike.
A pip is only worth it if you know how much you risked to earn it
  • #3,991
  • Jul 22, 2013 12:18pm Jul 22, 2013 12:18pm
Thanks. Sorry the annotations are bad. I am working from my Ipad at the beach
  • #3,992
  • Jul 22, 2013 12:18pm Jul 22, 2013 12:18pm
Quoting Ralome
The "engine" is equivalent to R-V1. {image} {file}
Thanks a lot Ralome! Good work!
But does this mean that we can discard the V1/V2 method, or should we still use this with R-V2 for comparison of the zones?
  • #3,993
  • Jul 22, 2013 12:21pm Jul 22, 2013 12:21pm
Quoting panamamike
Thanks. Sorry the annotations are bad. I am working from my Ipad at the beach
Loving it! Checking out your recommendations... it's probably the way I'm gonna go.
A pip is only worth it if you know how much you risked to earn it
  • #3,994
  • Jul 22, 2013 12:22pm Jul 22, 2013 12:22pm
Quoting spufuz
{quote} Thanks a lot Ralome! Good work! But does this mean that we can discard the V1/V2 method, or should we still use this with R-V2 for comparison of the zones?
Yes, keep on using R-V2 for comparison!
Even if you fall on your face, you're still moving forward.
  • #3,995
  • Jul 22, 2013 12:23pm Jul 22, 2013 12:23pm
Quoting vlady1974
{quote} That's correct Mike.
I don't know whether this helps or even fits in with the system as we know it. I haven't been able to concentrate/trade today but I drew in two blue rectangles after dis had started and they seem to have both been cleared and the one has formed a range now.
Thanks for new indicator Ralome. Some really useful posts today.
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  • #3,996
  • Jul 22, 2013 12:24pm Jul 22, 2013 12:24pm
Quoting vlady1974
{quote} Loving it! Checking out your recommendations... it's probably the way I'm gonna go.
glad I was able to help. In todays world there are few limitations when it comes to remote access and productivity.
  • #3,997
  • Jul 22, 2013 12:26pm Jul 22, 2013 12:26pm
Quoting taypot
{quote} I don't know whether this helps or even fits in with the system as we know it. I haven't been able to concentrate/trade today but I drew in two blue rectangles after dis had started and they seem to have both been cleared and the one has formed a range now. Thanks for new indicator Ralome. Some really useful posts today. {image}
Quick question... is the semaphor indi #2 blob meant to coincide with 5M timeframe?
A pip is only worth it if you know how much you risked to earn it
  • #3,998
  • Jul 22, 2013 12:28pm Jul 22, 2013 12:28pm
Quoting taypot
{quote} I don't know whether this helps or even fits in with the system as we know it. I haven't been able to concentrate/trade today but I drew in two blue rectangles after dis had started and they seem to have both been cleared and the one has formed a range now. Thanks for new indicator Ralome. Some really useful posts today. {image}
Yes, this big zone has now been taken out. The "cleared" zones you are referring to now become a question of relevance. There are some further discussion on it that needs to be read through.
A pip is only worth it if you know how much you risked to earn it
  • #3,999
  • Jul 22, 2013 12:48pm Jul 22, 2013 12:48pm
Eurusdd,

I've remained largely silent because I haven't had anything more relevant to post. I have a question regarding the spotting of dissimilarities.

I have other tools available to me than MT4 that make comparing data from indicators easier to work with.

Is it more valuableto be able to spot a dissimilarity by comparing the stochastics of 2 differing timeframes as described in the beginning of the thread or is it more valuable to use the existing Stoch + BB + ema method of spotting dissimilarities?

Quoting Ralome
Sooo, here's another toy for you to play with
I suppose we'll see if my observations of DS zones holds any water. Looking forward to trying out the indicator.
  • #4,000
  • Edited 1:18pm Jul 22, 2013 12:53pm | Edited 1:18pm
Quoting Advocate FX
I think with this system one has to hedge as price bounces around so much. At first we identify disimilarity in the 1.29's now we are up clearing out disimilarity at 1.32's. If one had entered at 1.3050 or 1.31 waiting for retrace to 1.29's you would have been burned unless you opened positions in both directions and dump your longs now i.e. in the 1.32's. Furthermore, we have potential for more disimilarities to push price higher again into mid 1.32's or higher still. In addition to this it is possible that 1.29's will become dead zone very soon...
u have no idea about what you are talking about! Furthermore, you forgot the part where I said that this thing is for big boys and so - instead of trading towards dis-similarities, trade away from them! No-where was it stated that as soon as a zone is created it should be eliminated!!!! I think I said the mean is 14 days and a zone can be around for 75 days but with probability 3%. Did you open your eyes when you were reading?

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