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A delicate secret

  • #501
  • Jun 13, 2014 6:11am Jun 13, 2014 6:11am
HI Whenever,

you are right about it. The next important thing will be the distance (in pips), how far can price go before returns back. Based on this we can find the entry levels.

K.
  • #502
  • Jun 13, 2014 6:21am Jun 13, 2014 6:21am
Thanks guys - yes what we need to know really is some idea of how long it took to reach the levels. I'm sure it wouldn't be difficult for any of us to look back several years and find plenty of levels which have never seen a return to.
  • #503
  • Jun 13, 2014 6:23am Jun 13, 2014 6:23am
Quoting crodzilla
Here is a new indicator... Thanks to mladen for the price action indicator. And, thanks to Tomcat98 for the Delicate Secret levels indicator. I just combined the two, and a couple of semi-interesting statistics mixed in... (tip: load as much chart history as you can) Levels are based on the price action indy. The level drawing and level drawing logic are from Tomcat98's indy. Indy will show how many levels above/below price are left to be cleared. Indy will show how many levels were cleared in total. I can add more stats if I have time. Or somebody...

hello crodzilla,
can you explain very short please how this indi work? i see these wicks and the colour of the bars, but i dont see any systematic. for example sometimes the a red candle is marked and in another (but same situation) the candle is not marked.

lot regards
paruski
  • #504
  • Jun 13, 2014 6:25am Jun 13, 2014 6:25am
Quoting crodzilla
Here is a new indicator... Thanks to mladen for the price action indicator. And, thanks to Tomcat98 for the Delicate Secret levels indicator. I just combined the two, and a couple of semi-interesting statistics mixed in... (tip: load as much chart history as you can) Levels are based on the price action indy. The level drawing and level drawing logic are from Tomcat98's indy. Indy will show how many levels above/below price are left to be cleared. Indy will show how many levels were cleared in total. I can add more stats if I have time. Or somebody...
Hi Carl, Thanks very much for the indic improvement. I shall look at it in the futur.Thanks again. Have a good WE. Tomcat98
  • #505
  • Jun 13, 2014 6:35am Jun 13, 2014 6:35am
As a discretionary trader I'm still favoring Tomcat's Delicate levels (thanks Tomcat!).

It'll take weeks of having them on my charts to see if they work for me but so far they're very impressive...not only as targets but as the start of trends as price moves away from the levels.

The blue lines are the daily open.

Nice support just now in the Aud/usd:
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm30.png Size: 22 KB
  • #506
  • Jun 13, 2014 6:57am Jun 13, 2014 6:57am
Thanks everyone for the props... makes me want to add more stuff!

Carl
  • #507
  • Jun 13, 2014 7:42am Jun 13, 2014 7:42am
Quoting Whenever
{quote} Interesting Idea. One way could perhaps be (if possible, I have no code skills at all) to may have a statistic of how many bars later the level was cleared. Starting from the Signal Bar up to the Clearing Bar. This could give us a "scale" to use for considering the "before going off screen", based on the edge of that statistic (if any...) For example, if we have a statistic saying " 178 levels cleared " 80% within 100 bars - 10% within 150 bars - 10% within 300 bars " I could consider to scale my chart to see say 120 bars.... Another (that...
Those are some great ideas. I especially like the max distance traveled from a level. One of the issues I see in the future is how to deal with price that just runs away from a level and how to manage the likely drawdown. The other issue is that the max is going to be different for every pair.
  • #508
  • Jun 13, 2014 7:54am Jun 13, 2014 7:54am
Added a couple of quick new stats... average bars to clear, and max bars to clear.
There are some very interesting numbers there.

Sorry, if I don't answer all the questions. I'll try and get to them.

Carl
Attached File(s)
File Type: mq4 !crodzilla-Price action V3.mq4   6 KB | 655 downloads
  • #509
  • Jun 13, 2014 7:58am Jun 13, 2014 7:58am
Quoting Whenever
{quote} Crodzilla Idea of having no need of SL because of the Hedge with lower or higher TF could also be interesting, but I would need more info about that to may evaluate it. Carl, are you actually working with this concept ? Would be very thankful to may learn more about this if possible. Thanks
I am when I get time. Sometimes my indy writing gets in the way of actual trading.
Seems there is a strategy (hedging) here, but have not put my finger on it yet.

Carl
  • #510
  • Jun 13, 2014 8:03am Jun 13, 2014 8:03am
Quoting Barefoot
{quote} One thing that might be interesting is to consider the time element per Eurusdd's original ideas. Any way to calculate levels not cleared before they go off screen? Thanks for the effort.
The only thing is we are probably not using the method he is using.
So, measuring by screen is not relevant, in my opinion.

Carl
  • #511
  • Jun 13, 2014 8:04am Jun 13, 2014 8:04am
Quoting Whenever
{quote} Another (that would be great too) a statistic of the max distance reached in terms of pips before coming back to the level... This could help a lot in building the right MM. Of course all those things can be done also manually during some weekends, but an Indi would help a lot Does it make sense in anyway ?
Great ideas... will work on that.

Carl
  • #512
  • Jun 13, 2014 8:14am Jun 13, 2014 8:14am
Quoting crodzilla
{quote} The only thing is we are probably not using the method he is using. So, measuring by screen is not relevant, in my opinion. Carl
Measuring the average distance from initial bar to cleared bar becomes "our screen"
  • #513
  • Jun 13, 2014 8:29am Jun 13, 2014 8:29am
Different brokers will give different results. First chart is from broker with +0 GMT, second is +3 GMT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu h4 a.png Size: 38 KB
Click to Enlarge Name: eu h4 b.png Size: 36 KB
  • #514
  • Jun 13, 2014 8:32am Jun 13, 2014 8:32am
Quoting Pinhead
Different brokers will give different results. First chart is from broker with +0 GMT, second is +3 GMT. {image} {image}
Hi Pinhead,

you are right (I mean H4 shoud be different, because of different GMT +/-), but H1 should be approx the same. Lower TFs are more sensitive broker to broker.
  • #515
  • Jun 13, 2014 8:39am Jun 13, 2014 8:39am
Here are H1 shots.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu h1 a.png Size: 32 KB
Click to Enlarge Name: eu h1 b.png Size: 30 KB
  • #516
  • Jun 13, 2014 8:49am Jun 13, 2014 8:49am
I guess it is also sensitive to bar history
  • #517
  • Jun 13, 2014 8:51am Jun 13, 2014 8:51am
Quoting crodzilla
Added a couple of quick new stats... average bars to clear, and max bars to clear. There are some very interesting numbers there. Sorry, if I don't answer all the questions. I'll try and get to them. Carl {file}
Hi, excellent work on the indie

I have been drawing these by hand for the last week on a single chart but adding each timeframe as i scroll through them.

I operate a colour convention for all my TF's

M1=white, M5=lime, M15=yellow, M30=orange, H1=aqua, H4=red, D1=hotpink, W1= Darkorchid and MN1=silver

This helps any multiscreen/desktop/chart setup to instantly understand the Tf of origin whether this or stochastic (MTF), fractals (MTF) or any graphical object

Now with the original price point it had a variable for TF and I put multiple indies onto one chart for each TF upto D1 and the results are really interesting regarding confluence of levels identified. If you add to this your favourite oscillator representing each of the TF's say a 11,3,3 stochastic then the view gets potentially better regarding confluence at extremes etc so from these stoch confluences it may help understand turning points

All this is ramble leads me to to ask if the selectable TF option could be reintroduced as it helps this process and gives a very nice view to then apply indicator no 1 (my aching brain) a chance.

If it cant then I can continue to draw this manually, not a problem
  • #518
  • Jun 13, 2014 9:02am Jun 13, 2014 9:02am
I'm not trying to be a wet blanket here, but Eurusdd did say that price "usually" returns to the predetermined level. So far, every attempt to duplicate his method can make that claim. Heck, I've pieced together a couple myself that "usually" work but it's those 'strays' that keep causing problems.

The phrase cat herding comes to mind.....
  • #519
  • Jun 13, 2014 9:10am Jun 13, 2014 9:10am
Quoting Pinhead
Different brokers will give different results. First chart is from broker with +0 GMT, second is +3 GMT. {image} {image}
If you are using different brokers, your chart history will determine your numbers, which probably will be different.

Carl
  • #520
  • Jun 13, 2014 9:11am Jun 13, 2014 9:11am
Quoting TradeFinder
{quote} Hi, excellent work on the indie I have been drawing these by hand for the last week on a single chart but adding each timeframe as i scroll through them. I operate a colour convention for all my TF's M1=white, M5=lime, M15=yellow, M30=orange, H1=aqua, H4=red, D1=hotpink, W1= Darkorchid and MN1=silver This helps any multiscreen/desktop/chart setup to instantly understand the Tf of origin whether this or stochastic (MTF), fractals (MTF) or any graphical object Now with the original price point it had a variable for TF and I put multiple indies...
Yes, that is the obvious evolution of this indicator, among others.

Carl
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