The similarity system

Quoting LITEchild

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{quote} looking like an easy 35pips to 2.04 on GBPNZD. fingerscrossed...

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Quoting NorthTrader

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{quote} Actually I meant all the numbers in that paragraph (0.0002, 2, 85%, 6, 99.3197%). None of them match the fractal stats in Figure 1. All typos?

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Quoting NorthTrader

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I wonder if this is how some traders are quoting such high trade probabilities when in reality the frequency calculations yield lower ones?

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Quoting Zelo

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hi guys, i finished mod xixi's tz indicator last weekend. i added k-filter value and stats for it. it should look like this. {image} if you want solid rectangle, set back = true, fill = true and line style = solid. {image} i dont know what to explain you just play around with it to find your h and k to increase your probability. if it has bug, let me know. hope you guy find it useful. have a green pips week zelo added: % recurrent is when price return and touch k-zone > 1 time. edit: fix bugs {file}

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Quoting PipitoGrillo

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{quote} Thank you xixi an Zelo for you work! A question about the 1.8 mod, I don't understand when the box ist painted in indigo/green and when in red/yellow (like in the attached picture I don't get why the box is indigo/green). I also noticed that the PTZ is in yellow/red and not in tan. MT4 745 I like your mod :] {image}

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Quoting arelbilger

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Hi All, I still couldn't find a way to trade with it this idea. I hope i can also find a way. According to RecurrenceStatisticV3 probability increases with high h_right value h_left – h_right ................................................................16 – 2................. 16 – 16 ...................16 – 32 Frequency of true transient bars:.......................................7,1 %.................. 2,8 %......................... 2 % Frequency of possible transient bars: ..............................12,7 %................. 12,7 % ....................12,7...

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Quoting kprsa

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Hi all, here is the version of the Recurrence Statistic that is lighter on the processor (the big calculation is done once every bar now, even this is an overkill). I have left the labels the same for continuity, even though the label of k is imprecise. Several minor bugs have been fixed. I guess it is best if somebody else gives a version with alerts if required, best not to complicate the basic version too much. I add a pdf that covers the basic usage of the indicator. Happy trading, k {file} {file} {image} Edit: error in text corrected, thanks...

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Quoting arelbilger

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Thanks all for your efforts. Xixi, Zelo, Kprsa is it possible to add a feature to the indicator? the possibility of first touch to the fractal zone at the remaining [h_right - X] candles. Pdf was very helpful Kprsa. now i know that i should be looking to fractals not TZs for my trading style. {quote}

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Quoting Eurusdd

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{image}

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Quoting jmn5611

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{quote} Machete is a cool name for your alert system, looking forward to further collaboration.

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Quoting Ullen

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This is for all the people that likes to experiment a lot. I've tried using the renko (from the champ Kiads) combined with TZ concept, and tested it with 10 SL & 10 TP. 89% win rate.

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Quoting hilavoku

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{quote} So you keep getting nearer to your own speedboat. There is so much to learn here. I only wanted to focus on BB Stoch DS but I think I will also take a quick look at renko. Ullen, could you point me to the appropriate post where I can see the renko explained? Haven't found it at first (and second) glance... Thanks hila

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Quoting Eurusdd

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{image}

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Quoting saver0

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{quote} Hi EURUSDD!! As always, thanks for all that you have shared so generously! Just an idea, you should make an indicator for this with 8 buffers showing different price levels' probability for each bar. That might show something really interesting, perhaps a high probability channel for which the price drives through. Would love to see some screenshots of it. I have done similar things. Feel free to reach out to me if you need any indicator templates/examples of how I would do it.

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Quoting Eurusdd

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{image}

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Quoting ssoftware

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Thanks EURUSDD and Kiads I cant believe my eyes !!!!! OMG {image}

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