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Wormholes - stochastic mismatch system

  • #221
  • Nov 11, 2014 4:43am Nov 11, 2014 4:43am
I have been reading this thread from post 1. MC thank you for a great tool !!!!

Here is a chart! Two WHs, which wasnt closed, and HS at the bottom. Just as example of what you can do!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 56 KB
Even though I walk through the darkest valley, I will fear no evil
  • #222
  • Nov 11, 2014 4:49am Nov 11, 2014 4:49am
Quoting monocor
{quote} Tank you for your indicator! Does it work on any time frame ???
Yes, though you may need to change the period to your liking.
  • #223
  • Nov 11, 2014 7:00am Nov 11, 2014 7:00am
Quoting Lowphat
Purely cosmetic change (i hope) so you can set the line to look like any style you want. I haven't had time to look at the ea/indy for more than a min but when i get time i look forward to checking it out. thx meta {file} {file} {file} {file}
thanks a lot lowphat (and, of course, MetaCoder !!!)

I have taken your ea and modified it a bit more:
- now there are more inputs (e.g. common stochastic settings like stoch mode, stoch pricefield etc.)
- mod. the comment on the screen
- you can choose presets (settings (tf, period, magic) as from the original EA as attached in post 1), the default settings (user may change them) are according the M15-M30 preset
- ALERTS added (once per bar, available popup, sound, email, push notification)

I have tested it some minutes on 1-5 settings and it seem to work (alerts)

pls. try ...
Attached File(s)
File Type: mq4 RevealWormhole mod. lowphat_fxdaytrader.mq4   16 KB | 1,023 downloads
PM me with coding requests and I'll probably put you on my ignore list
  • #224
  • Nov 11, 2014 8:34am Nov 11, 2014 8:34am
Quoting monocor
{quote} Tank you for your indicator! Does it work on any time frame ???
Each EA is coded to compare two specific timeframes; it will work the same way no matter what timeframe chart you attach it to.
Open to new approaches.
  • #225
  • Nov 11, 2014 8:40am Nov 11, 2014 8:40am
Hey,

nice thread by the way.

What are the "K-Period's" for all different timeframes? Are there idealnumbers for each timeframe?

Mercy

D.
  • #226
  • Nov 11, 2014 8:55am Nov 11, 2014 8:55am
Quoting DirkH143
Hey, nice thread by the way. What are the "K-Period's" for all different timeframes? Are there idealnumbers for each timeframe? Mercy D.
You should have to read The similarity system to understand what is K parament
  • #227
  • Nov 11, 2014 8:59am Nov 11, 2014 8:59am
I haven't read all yet, so I do not know how to calculate the ideal K-parameters.

But regardless the system, the K-param is one of the mql4-stochastic parameters (stoch-K, stoch-D, stoch-Slowing, etc.); to learn more about the stochastic pls. have a look eg. to http://ta.mql4.com/indicators/oscillators/stochastic
PM me with coding requests and I'll probably put you on my ignore list
  • #228
  • Nov 11, 2014 9:13am Nov 11, 2014 9:13am
Quoting DirkH143
Hey, nice thread by the way. What are the "K-Period's" for all different timeframes? Are there idealnumbers for each timeframe? Mercy D.
The formula is something like this:

sto(x,1,1) and sto(tx,1,1) WHERE sto(tx,1,1) is for the smaller time frame.

For example if you use 1min/5min then your settings will be 5x-1-1/x-1-1 where x is any positive integer.
eg: M1 = 500 / M5 = 100 or M1 = 300 and M5 = 60
  • #229
  • Nov 11, 2014 9:19am Nov 11, 2014 9:19am
Quoting Ultimate6
{quote} The formula is something like this: sto(x,1,1) and sto(tx,1,1) WHERE sto(tx,1,1) is for the smaller time frame. For example if you use 1min/5min then your settings will be 5x-1-1/x-1-1 where x is any positive integer. eg: M1 = 500 / M5 = 100 or M1 = 300 and M5 = 60
Thx.

That is a really great explaination.

D.
  • #230
  • Nov 11, 2014 9:30am Nov 11, 2014 9:30am
Quoting fxdaytrader_
{quote} thanks a lot lowphat (and, of course, MetaCoder !!!) I have taken your ea and modified it a bit more: - now there are more inputs (e.g. common stochastic settings like stoch mode, stoch pricefield etc.) - mod. the comment on the screen - you can choose presets (settings (tf, period, magic) as from the original EA as attached in post 1), the default settings (user may change them) are according the M15-M30 preset - ALERTS added (once per bar, available popup, sound, email, push notification) I have tested it some minutes on 1-5 settings...
will try it out, thanks
  • #231
  • Edited 10:40am Nov 11, 2014 9:54am | Edited 10:40am
Quoting fxdaytrader_
{quote} thanks a lot lowphat (and, of course, MetaCoder !!!) I have taken your ea and modified it a bit more: - now there are more inputs (e.g. common stochastic settings like stoch mode, stoch pricefield etc.) - mod. the comment on the screen - you can choose presets (settings (tf, period, magic) as from the original EA as attached in post 1), the default settings (user may change them) are according the M15-M30 preset - ALERTS added (once per bar, available popup, sound, email, push notification) I have tested it some minutes on 1-5 settings...
Fxdaytrader is it possible to adjust the EA to just alarm once per wormhole, not on every bar? On lower TF's the alarm is almost continuous. I know often the Wormholes move with price, don't know if there is a way around this? thanks

## forget the request FXdaytrader as this indicator just slows my system up far too much. Can anyone add alarms Metacoders original indicators on page 1. Alarm to go off only once per wormhole, thanks
  • #232
  • Nov 11, 2014 11:13am Nov 11, 2014 11:13am
Quoting kraven
{quote} Fxdaytrader is it possible to adjust the EA to just alarm once per wormhole, not on every bar?
should be possible, but I had not have a deeper look to the ea yet, just wanted to mod. the one by lowphat to give a starting point for further developments.

And first I have to read on about the system/theory behind (e.g. the similarity system http://www.forexfactory.com/showthread.php?t=434603 ).

Quoting Ultimate6
{quote} The formula is something like this: sto(x,1,1) and sto(tx,1,1) WHERE sto(tx,1,1) is for the smaller time frame. For example if you use 1min/5min then your settings will be 5x-1-1/x-1-1 where x is any positive integer. eg: M1 = 500 / M5 = 100 or M1 = 300 and M5 = 60
1000 thanks!!!

I am sure the formula (or better: the reason for it) can be found somewhere in the similarity-thread, can't it? Or is there another source?
If the answer is "read the thread", then it is ok (no time no read all today)
PM me with coding requests and I'll probably put you on my ignore list
  • #233
  • Nov 11, 2014 1:44pm Nov 11, 2014 1:44pm
Quoting fxdaytrader_
{quote} thanks a lot lowphat (and, of course, MetaCoder !!!) I have taken your ea and modified it a bit more: - now there are more inputs (e.g. common stochastic settings like stoch mode, stoch pricefield etc.) - mod. the comment on the screen - you can choose presets (settings (tf, period, magic) as from the original EA as attached in post 1), the default settings (user may change them) are according the M15-M30 preset - ALERTS added (once per bar, available popup, sound, email, push notification) I have tested it some minutes on 1-5 settings...
thnx for sharing your ea Im just wondering is there anyway we can put a mark like horizontal line or a dot where the previous wormhole is. Even there is a new wormhole forming it won't delete the previous one In this we can observe what the price will do on those previous wormhole . Is it also possible when the new line or wormhole first appear can we put the mark right away like line or dot permanently so even we go to diff TF and come back to the original one we don't loose where the wormhole first appear thnx
  • #234
  • Nov 11, 2014 1:48pm Nov 11, 2014 1:48pm
Quoting forextarget
{quote} thnx for sharing your ea Im just wondering is there anyway we can put a mark like horizontal line or a dot where the previous wormhole is. Even there is a new wormhole forming it won't delete the previous one In this we can observe what the price will do on those previous wormhole . Is it also possible when the new line or wormhole first appear can we put the mark right away like line or dot permanently so even we go to diff TF and come back to the original one we don't loose where the wormhole first appear thnx
I'm attempting to do this as we speak, my rookie coding skills will need some time though lol. It is a good idea to observe old wormholes, price seems to bounce back and forth between old/new zones that held for a significant time. By significant time atleast a few minutes, when the 1 min wormhole is moving erratically it appears to be insignificant.

Thanks for the Idea and EA Metacoder, and everyone for the Modified versions!
A Positive Mind, and Positive Spirit lead to True Happiness
  • #235
  • Nov 11, 2014 3:10pm Nov 11, 2014 3:10pm
Can someone please confirm my understanding:
It is not possible to code an indicator for this(that functions on bar close) since the comparison is taking place tick by tick.


Thanks!
  • #236
  • Nov 11, 2014 5:27pm Nov 11, 2014 5:27pm
Quoting fxdaytrader_
{quote} should be possible, but I had not have a deeper look to the ea yet, just wanted to mod. the one by lowphat to give a starting point for further developments. And first I have to read on about the system/theory behind (e.g. the similarity system http://www.forexfactory.com/showthread.php?t=434603 ). {quote} 1000 thanks!!! I am sure the formula (or better: the reason for it) can be found somewhere in the similarity-thread, can't it? Or is there another source? If the answer is "read the thread", then it is ok (no time...
fxdaytrader
You are one of the most helpful contributors I have seen in FF and it would be a pleasure to reciprocate.

Here is the explanation by EURUSDD. Note that the variable can be the "filter" or the "Length" not both. (I have not tested this, but it seems to me this is not restricted to just those two items, it could be any parameter of an indicator).

http://www.forexfactory.com/showthre...80#post6780780

Thanks for the code updates. When I get the chance I was thinking about dropping this code into working ea (spinning too many plates at the mo). The only thing remaining was establishing targets, but I think EURUSDD already gave us a clue. He said he looks for 5 pips on the M1-M5 ratio. I was going to link the target pips to the timeframe. Its crude but would get the ball rolling.

PS Many thanks to Metacoder! Again one of the most helpful contributors.
What's it all about? It's all about money.
  • #237
  • Nov 11, 2014 5:29pm Nov 11, 2014 5:29pm
Quoting forexdave1
Can someone please confirm my understanding: It is not possible to code an indicator for this(that functions on bar close) since the comparison is taking place tick by tick. Thanks!

Any indicator or ea can use the OnTick function if so desired.
What's it all about? It's all about money.
  • #238
  • Nov 12, 2014 5:03am Nov 12, 2014 5:03am
Eur/usd
1min-5 mins

Right now going short

Target wormhole 1.24360

Anyone else ?
  • #239
  • Nov 12, 2014 5:42am Nov 12, 2014 5:42am
Thanks MetaCoder for this thread & great EA
I actually started considering integrating the similarity into my strategy after spending some time testing the EA presented here.

Based on my observation (not based on any scientific proof or theory) a nice feature to be added to this EA is the following:
a- Once a wormhole/dissimilarity 1st appears, a right side Ray is drawn from the point that the dissimilarity started
b- The whole area that the price covers during the dissimilarity time is highlighted in a certain color with a certain % of transparency (something similar to the highlighted Potential TZ that FreeFox's TZ indicator draws).
c- Once similarity is restored the area with the highlighted color becomes a solid color

This should help us visualize the areas of dissimilarity back in history, and have an idea of whether they were cleared or not, and within what time limit.

The above assumes that as long as similarity isn't restored, even if the price where the 1st dissimilarity was spotted was revisited, it won't be counted. Once we have similarity restored, then we start targeting the dissimilarity 'area'.

I have zero coding experience & I have no idea if the above is even possible to create.
In addition, I am not sure if the concept of similarity the way I am looking at is flawed or not.
I'm just giving some ideas based on my observation of how price acts around those zones, and I can assure you that the results were pretty surprising.

On all cases if anyone sees any sense in the above and decides to code it, please do share with the rest of us.

Best,
Jay
  • #240
  • Nov 12, 2014 6:22am Nov 12, 2014 6:22am
Quoting FX-Jay
Thanks MetaCoder for this thread & great EA I actually started considering integrating the similarity into my strategy after spending some time testing the EA presented here. Based on my observation (not based on any scientific proof or theory) a nice feature to be added to this EA is the following: a- Once a wormhole/dissimilarity 1st appears, a right side Ray is drawn from the point that the dissimilarity started b- The whole area that the price covers during the dissimilarity time is highlighted in a certain color with a certain % of transparency...

Great idea Fx-Jay. I'm no coder either. I can chop around in the code enough to change colors, display parameters, and the like, but nothing serious.
I wonder if placing colored vertical lines at the events you're describing would be easier to code. Would that suffice for your idea?
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