{quote}Proposition 1 seems in conflict with the example setup (http://www.forexfactory.com/showthread.php?p=7681717#post7681717) EURUSDD showed us, where he clearly stated k is the height of the transient zone.
k
- #11,003
- Oct 25, 2014 11:09am Oct 25, 2014 11:09am
- | Membership Revoked | Joined May 2012 | 1,218 Posts
Another thing, Bonus points to anyone that can figure out what the channel setting is. That isn't supposed to be there, sorry.
MTH
- #11,005
- Oct 25, 2014 11:36am Oct 25, 2014 11:36am
{quote} Thank You so much My Friend.....{image} best regards MTH
- #11,006
- Oct 25, 2014 12:02pm Oct 25, 2014 12:02pm
{quote} Hi, if I understand this, you calculate k based on the width of true transient zones. While that is perfectly fine, and also my indicator does that, this is exactly what Rahim says that is not correct, and he is right. k from Proposition 1 is linked with the recurrent interval (it is half of its width), not the transient one. What I (and I believe you do the same) call k in my indicator is a useful quantity, but is just bad nomenclature to call it k. I am equally guilty of this. k
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- #11,007
- Oct 25, 2014 12:15pm Oct 25, 2014 12:15pm
- Joined Feb 2014 | Status: ember | 1,268 Posts
{quote} Key kprsa, I calculated a value of k based upon the confirmed transient zones (I tried to do this as empirically as possible, I could have simply tried different k values to to see how it looked visually), but I then applied k to the potential zones (i.e. everything on the left). Of course, as price moves through time, it all looks transient at first. Yes, I think JuriFX actually was the first to mention the EURUSDD k post. As for your last point, I have grappled with the implications of k for a while. I think your indy does a fantastic...
As for the next version of the RS indicator, i will define the width of the true tz in the Comment (and write what it is) with a different letter m to avoid further nomenclature confusion.
Cheers,
k
- #11,009
- Oct 25, 2014 12:55pm Oct 25, 2014 12:55pm
- | Membership Revoked | Joined May 2012 | 1,218 Posts
{quote} That is a cool looking chart! Dynamic h, is an interesting idea. Almost a way to test how symmetrical price is. Hey, also thanks for your coding as well. I recently discovered your breakout indy and have been experimenting with it heavily. Cheers.
My base noob experiences came from offline chart especially renko chart. and as we know that renko chart is 'filtered price chart' or simply zigzag with better view, then we only focus on price movement 'length'/wave length and not distract with candles count, formations shape, time frames limitation, etc. not like candlestick chart, we only have 2 formations , reversal or continuation and the result is always clear. At turning point, we know exactly the 'length' needed to turn it completely, and we can also calculate our risk 'length' precisely. As Programmer, I'm sure you understand how important constant data flow to increase quality of your probability calculation formula.
So, in my personal understanding (in the name of price base chart/renko), we don't look at dis-similarity or similarity between time base chart and oscillator indicator but we look at wave pattern similarity in price movement itself without any involvement of 'framing' by time constant. And in price base chart point of view, 'movement' is very symmetrical in 2 directions only; 'diagonal up' 45º and 'diagonal down' 315º.
I can't apply this similarity and also TZ concept in the usual way as it applied to fixed time base charts, but for price movement 'specific' DNA concept from EURUSDD is our renko 'soul'.
Now about your recurrence indicator, again in my noob opinion must be more 'fit' with price base chart rather than time base chart.
Picture tell you more 'clearly' than words
and btw i 'hide' your channel..
Thank You and wish you all the best
MTH
- #11,012
- Oct 25, 2014 2:09pm Oct 25, 2014 2:09pm
{quote} My mind is so much blown by this already that i really fear the day we get the Proposition 2. k
I see good ideas but nothing new.
I think supply and demand indicators do the same as described here.
btw . . .
An interesting thread, one of the betters!
OK, since the topic of k is being discussed, I think it timely to give further description of how and why I coded my indy the way I did. My original idea was to not only discover the best value for h, but also for k. My vision of k is the same as Rahimseven's. Good for him to pick that out from EURUSD's comments, when it would be easy to overlook it as a typo. Below you will see two screenshots. In the first, I have attached my indicator to a 5 minute chart. You will notice that for lookback bars I have entered a very large number, this forces the...
Excellent!!! Thank you!!!!! Beautiful piece of work!!!!
{quote} Sorry for disturbing this thread. I see good ideas but nothing new. I think supply and demand indicators do the same as described here. btw . . . An interesting thread, one of the betters!
Zoom out as far as you can go on a 5 min chart and you'll see the same pattern time and time again. An area of supply is "popped" and a high percentage of the time is returned to. Similar to gaps in stocks, hunting for volume.
The beauty of what EURUSDD has presented here, originally, is the probability of such events happening and systems built around them. And then you have the fantastic indicator kprsa built.. which takes it a step further.
Example of zero lines/supply demand pops.. 5 min cable chart.. the "pop" from a consolidation (supply) area is more often than not spiked back to. When you do get one that is left behind, you can be sure it's the start of a trending move, and any consequent ones will be tested for sure (similar to TZ theory).. You don't need indicators to see them, but the statistics kprsa gave us is a powerful addition.
{quote} Sorry for disturbing this thread. I see good ideas but nothing new. I think supply and demand indicators do the same as described here. btw . . . An interesting thread, one of the betters!
{quote} You are completely correct. A similar concept as what was discussed by mightyone on kreslik forum years ago.. he called them zero lines (where profits or losses are zeroed).. or stop pops as on elite forum.. Zoom out as far as you can go on a 5 min chart and you'll see the same pattern time and time again. An area of supply is "popped" and a high percentage of the time is returned to. Similar to gaps in stocks, hunting for volume. The beauty of what EURUSDD has presented here, originally, is the probability of such events happening and systems...
In essence you are correct if you say we are doing the same endeavour of acting on certain price levels of interest. Be it returning or moving away from them. Supply and demand, support and resistance, fair value notion etc etc all serve similar purposes but provide the information in different ways
In comparision, TZs have the element of time incoporated and another element which I've yet to fully understand. As such, proper semantics here is rather crucial. To say supply and demand indicators do the same is quite different from saying they serve a similar purpose. While you attempted to blunt your remark with some positive components your initial premise is still rather dimissive of the work carried out here but it does have the merit of getting leeshindig to highlight a PA of particular interest.
I would suggest more in depth study of the topic at hand if your interest has been pipqued. Too quick a comparision will diminish the accuracy of said comparison by much.
I want more brain power!
- #11,018
- Oct 26, 2014 12:11am Oct 26, 2014 12:11am
All of this has been shared. This may make it plain for some as to one way to use the gem dropped by Eurusdd. I share a gem, you share a gem {image}
Great posts Rahimseven,
However caution must be exercised with that as sometimes there are these rare events. Yes they are rare but could be enough to blow someone's account if their money management is not correct and they have certain expectations.
Just a word of caution. Not saying that it cannot be overcome.
An expert is a man who has made all the mistakes which can be made
- #11,019
- Oct 26, 2014 12:14am Oct 26, 2014 12:14am
{quote} Great job! Thanks for the clarification.
Hi Kprsa,
Do you not mean height?
Regards
Neio
An expert is a man who has made all the mistakes which can be made