Thank you for your quick help.
I will test it immediately and tell you.
I will code your EAs and Indicators for no charge
Hello Friends,
I need help with this concept. Attached is a picture of what i hope can be developed into an indicator. This is not my idea at all. All credit goes to EURUSDD
.
Consider stoch with the following settings; %k =X, slowing = 1, %d = 1, Close/Close, where X is any positive integer.
Consider the last X bars - including the current one. Let the High/Low value of price be A/B resp..
This stoch =0 <=> the current price = lowest over the period.
This stoch =100 <=> the current price = highest over the period.
This stoch =50 <=> the current price = mid-way between the highest and the lowest price over the period.
Other values of stoch can be calculated in this way.
[[[[ THE STOCH = 0/100 => A LEG OF THE ZIGZAG MUST APPEAR . A LEG OF THE ZIGZAG APPEARS => stoch is at 0/100 almost surely. probability here = 90%+]]]]
This implies that almost 90++% of the time, when stock hits 100/0 we expect that a new zigzag leg appears as shown in the picture. They are mirroring each other until something happens to the price.
So, the last time stoch is at 0/100 before going to 100/0 is the end of the current ZZ leg!!!
The Indicator should monitor the zigzag and the stockastic, so that it spots and identifies all mismatches by showing an arrow and draw a zone on the chart.
A MISMATCH HERE IS: 1. STOCKASTIC HITS 100 OR 0 AND NO ZIGZAG LEG APPEARS. 2. ZIGZAG LEG APPEARS BUT STOCKASTIC IS NOT AT 100/0.
Zigzag period must be equal to Stock %K=X. That is if %K=30 then zigzag period must be 30.
I will be very grateful if this can be developed into an indicator.
The pictures below illustrates what i mean. Thanks.
Example for parameters. if stockastic is 62: 1:1 close/close zigzag should also be 62:1:1
I need help with this concept. Attached is a picture of what i hope can be developed into an indicator. This is not my idea at all. All credit goes to EURUSDD
.Consider stoch with the following settings; %k =X, slowing = 1, %d = 1, Close/Close, where X is any positive integer.
Consider the last X bars - including the current one. Let the High/Low value of price be A/B resp..
This stoch =0 <=> the current price = lowest over the period.
This stoch =100 <=> the current price = highest over the period.
This stoch =50 <=> the current price = mid-way between the highest and the lowest price over the period.
Other values of stoch can be calculated in this way.
[[[[ THE STOCH = 0/100 => A LEG OF THE ZIGZAG MUST APPEAR . A LEG OF THE ZIGZAG APPEARS => stoch is at 0/100 almost surely. probability here = 90%+]]]]
This implies that almost 90++% of the time, when stock hits 100/0 we expect that a new zigzag leg appears as shown in the picture. They are mirroring each other until something happens to the price.
So, the last time stoch is at 0/100 before going to 100/0 is the end of the current ZZ leg!!!
The Indicator should monitor the zigzag and the stockastic, so that it spots and identifies all mismatches by showing an arrow and draw a zone on the chart.
A MISMATCH HERE IS: 1. STOCKASTIC HITS 100 OR 0 AND NO ZIGZAG LEG APPEARS. 2. ZIGZAG LEG APPEARS BUT STOCKASTIC IS NOT AT 100/0.
Zigzag period must be equal to Stock %K=X. That is if %K=30 then zigzag period must be 30.
I will be very grateful if this can be developed into an indicator.
The pictures below illustrates what i mean. Thanks.
Example for parameters. if stockastic is 62: 1:1 close/close zigzag should also be 62:1:1
My help is in the name of the Lord who made heaven and earth.
