{quote} Precisely
Thank U Ralome, this 24 value is very interesting. I'm still trying to apply that value to Fractal Dimension to find something ....
Edited: I must go to sleep now .... thank you all ...
- #4,981
- Aug 27, 2013 1:23pm Aug 27, 2013 1:23pm
Thank U Ralome, this 24 value is very interesting. I'm still trying to apply that value to Fractal Dimension to find something ....
Edited: I must go to sleep now .... thank you all ...
{quote} Thank U cfdtaleong .... {quote} Please correct me if I'm wrong : If DIS-similarity ends => we expect it's begin of Similarity candle (is this right ??) So, it's the time to trade. Because the price will go to where the DIS-similarity appear ... If we know WHEN the similarity will begin, then we must not seat in front of computer all the time ....
Things you got correct
1)You are right when dissimilarity ends similarity beings.
2)You are also right price will go to where dissimilarity appear.
Things where you may be wrong
1)We won't know when similarity will begin. We can only estimate at best. Your post 4973, the statement you highlighted in yellow. It ends if none of the conditions appear if it happens you wait another 24 candles and if it happens again you have to wait another 24 until such time none of the conditions appears. How then can we know when exactly when dissimilarity will end? Ralome may have misunderstood your question or perhaps I am the one that misunderstand lol.
2)The end of dissimilarity is when you can consider a trade targeting the dissimilarity level but it is not so straight forward. I am very sorry I cannot fully explain it here as there are too many variables. The other similarity may hold answers for you.
Hope it helps
I want more brain power!
- #4,983
- Aug 27, 2013 2:06pm Aug 27, 2013 2:06pm
Cfdtaleong, you're right, but I think it's just semantics, i.e. "we know it'll end after 24 candles if this and this doesn't happen" and "we estimate that it'll end after 24 candles" are very close in my opinion. But I'm sure smallcat got his answer 
Even if you fall on your face, you're still moving forward.
Cfdtaleong, you're right, but I think it's just semantics, i.e. "we know it'll end after 24 candles if this and this doesn't happen" and "we estimate that it'll end after 24 candles" are very close in my opinion. But I'm sure smallcat got his answer
I want more brain power!
- #4,986
- Aug 27, 2013 7:32pm Aug 27, 2013 7:32pm
{quote} For your considerations. I may be wrong. Things you got correct 1)You are right when dissimilarity ends similarity beings. 2)You are also right price will go to where dissimilarity appear. Things where you may be wrong 1)We won't know when similarity will begin. We can only estimate at best. Your post 4973, the statement you highlighted in yellow. It ends if none of the conditions appear if it happens you wait another 24 candles and if it happens again you have to wait another 24 until such time none of the conditions appears. How then can...
Cfdtaleong, you're right, but I think it's just semantics, i.e. "we know it'll end after 24 candles if this and this doesn't happen" and "we estimate that it'll end after 24 candles" are very close in my opinion. But I'm sure smallcat got his answer
------
English is not easy, especially for me .......
- #4,987
- Aug 28, 2013 4:21am Aug 28, 2013 4:21am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
I agree with the treatment that the measure of similarity must be the Bollinger Band setting of 24.
The words similarity/dissimilarity are describing the effect of "congruence" in price across all timeframes:
Similarity = congruence ON
Dissimilarity = congruence OFF
but they are actually talking about the same thing, as opposed to 2 different things to measure. Hence why the 300 bar thing is needed to define the extent to which our eyes can see congruence on a chart. But time is the tricky bit.... because congruence or lack of it needs a measurement also.... hence the 24.
In theory this can be any value really... but the link back to the Bollinger Band gives you a nice visual that when Price or Stoch exceeds the band, then in effect the limit of that 24 period is now being reached..... am i making sense? Hope so!
EDIT:
By the way, for those interested in my boring ramblings, I've opened up a trading journal for Attempt #2 at turning $5K into $50K. Before you ask, it's DEMO! This time I've linked a trading explorer onto it so I'm trying to take it more seriously.
The words similarity/dissimilarity are describing the effect of "congruence" in price across all timeframes:
Similarity = congruence ON
Dissimilarity = congruence OFF
but they are actually talking about the same thing, as opposed to 2 different things to measure. Hence why the 300 bar thing is needed to define the extent to which our eyes can see congruence on a chart. But time is the tricky bit.... because congruence or lack of it needs a measurement also.... hence the 24.
In theory this can be any value really... but the link back to the Bollinger Band gives you a nice visual that when Price or Stoch exceeds the band, then in effect the limit of that 24 period is now being reached..... am i making sense? Hope so!
EDIT:
By the way, for those interested in my boring ramblings, I've opened up a trading journal for Attempt #2 at turning $5K into $50K. Before you ask, it's DEMO! This time I've linked a trading explorer onto it so I'm trying to take it more seriously.
A pip is only worth it if you know how much you risked to earn it
- #4,989
- Aug 30, 2013 2:54am Aug 30, 2013 2:54am
Hi Ralome,
May be this is a kiddy question ...
I'm just curious, is it possible to convert the "simple value" of Stoch-BB at lower window to "price value" like BB-EMA at upper window, OR may be convert the "price value" of EMA-BB to "simple value" ?
Thanks
May be this is a kiddy question ...
I'm just curious, is it possible to convert the "simple value" of Stoch-BB at lower window to "price value" like BB-EMA at upper window, OR may be convert the "price value" of EMA-BB to "simple value" ?Thanks
- #4,991
- Aug 30, 2013 8:58am Aug 30, 2013 8:58am
Hi Ralome, May be this is a kiddy question ...
Even if you fall on your face, you're still moving forward.
- #4,992
- Edited 11:02am Aug 30, 2013 10:36am | Edited 11:02am
{quote} Yes, it's possible to some extent. How would you like it exactly?
Example: At the picture below, the middle band value of TOP BB i think is the same as SMA24 (close), but i don't know how to get the value of BOTTOM middle band. Form picture we can see, at the specific time (green vertical line), from the data window (left area), the value of EMA1 is (1.32384) , TOP upper band of BB24 (1.32480), TOP lower band of BB24 (1.32318) , and TOP middle band (actually is SMA24) has value of 1.32399, at bottom: value of Stoch300,1,1 (38.4462), BOTTOM upper band of BB24 (51.2795) and BOTTOM lower band of BB24 (25.7254). Lets say the the TOP upper band is converted from 1.32480 => 51.2795 , and TOP lower band is converted from 1.32318 to 25.7254. So, can we convert the EMA1 value from 1.32384 to something like 38.xxxx ? How can we calculate it (there is a deviation of 2 in the BB).? If it is possible, we can compare the "converted EMA1 value" with the value with Stoch300,1,1 (38.4462). May be we need an indicator that show the difference , and in this indicator there is an external double variable , ex: 0.0002 (can be changed). So, if the difference is > 0.0002 , we can define it's a big "enough" difference ( dissimilarity ). And another external double variable, ex: 0.0001 , if the difference < 0.0001 , then we can say that TOP and BOTTOM are similar.
This is just my opinion. I don't know, this will make sense or not, and any idea from you all is welcome .....
Thank U ....
- #4,994
- Aug 31, 2013 10:02am Aug 31, 2013 10:02am
{quote} Is there any programmer willing to code an indicator using just the stochastic method described in this post that can identify similarity from both time frames onto one chart? Not the BB stoch method, just the Stochastic method.
http://www.forexfactory.com/attachment.php?attachmentid=1243186&d=1375178632
- #4,995
- Sep 3, 2013 6:22am Sep 3, 2013 6:22am
Even if you fall on your face, you're still moving forward.
