DislikedHi guys, this is the indi I wrote back in December/January. I was trying to understand the FX-Jay's TZ idea along with two great friends: PiratePip and Zelo. I never shared this indi before since when I code it, this TZ's threads were dying and pepole spread out over other forums. Now that it seems that there are still people here interested in this thread, I thought it may be the time to share this tool. Regards! {file}Ignored
- #666
- Mar 25, 2015 4:27am Mar 25, 2015 4:27am
- Joined Apr 2012 | Status: ipsa scientia potestas est | 682 Posts
{quote} Update: GBP weakness still holding. Weirdly enough I'm starting to see some USD weakness. Not sure if this is going to be the start of the USD correction, or just a fake out to be followed by a trend continuation. Time will tell. As for the strongest currency, NZD is on top by far at the moment. {image} {image}
Have you ever made a research on Murrey Math levels? I manually collect some statistics but it is very tiring to collect them. I looked if price cross a Murrey Math level and close there, what is the chance of price to continue next level without turn back to the half way of previous level. I digged USDCAD, Nasdaq, EURUSD & EURJPY 1H & 4H time frames few months ago and got the graph below. Risk reward ratio is not always very favorable but at all it is promising.
In graph;
Blue bar means chance of price close above a MM level to continue next MM level in a bull move (w/o turning back to half way of previous level)
Red bar means chance of price close below a MM level to continue next MM level in a bear move (w/o turning back to half way of previous level)
Green area shows the number of data events in each MM level (bull + bear). It is value are on secondary axis.
It would be very helpful a coder modify a MM script to collect stats faster
- #671
- Mar 26, 2015 6:19am Mar 26, 2015 6:19am
{quote} Update: Phase 1 of the testing is now complete. I can easily say that it was a success. Now moving on into phase 2 where I'll be testing a variation of entries & exits in combination with different volumes based on strength rather than having a set volumes for all trades that qualify certain criteria. The higher the volumes/#of entries a pair will have the more confident I am that it will hit its target. This stage includes adding TPs as well. If stage 2 passes the test, I'll move to stage 3 where there will be total dependence on TP (no...
great job.
So... reading through the similarity thread
True transient zones can only be middle zones as I'm understanding it. Also you can only capture a transient zone by putting the 1 min time frame or tick charts under a microscope to capture this rare event. All the bar studies are not hitting the mark correctly, i'm thinking. So is there a tool that is out that catches these anomalies?
All wicks are recurrent! the prices have been revisited for sure as this causes the wick in the first place. That's why extremes are never transient.
The window of opportunity to capitalize is very small I would think unless there is strong deviation away from price causing a spike that one could trade back to 1 touched prices.
So, it would seem that news will contribute heavily to finding these price spikes that we expect to balance (be revisited)
Has this been discussed? Still reading up...
Sunandsaltwater posted this picture but it got little attention. I thinks it's right on point.
It's very amazing the different ideas that came out of that thread. Scared the banks I guess. Hope this thread cranks up a bit more.
True transient zones can only be middle zones as I'm understanding it. Also you can only capture a transient zone by putting the 1 min time frame or tick charts under a microscope to capture this rare event. All the bar studies are not hitting the mark correctly, i'm thinking. So is there a tool that is out that catches these anomalies?
All wicks are recurrent! the prices have been revisited for sure as this causes the wick in the first place. That's why extremes are never transient.
The window of opportunity to capitalize is very small I would think unless there is strong deviation away from price causing a spike that one could trade back to 1 touched prices.
So, it would seem that news will contribute heavily to finding these price spikes that we expect to balance (be revisited)
Has this been discussed? Still reading up...
Sunandsaltwater posted this picture but it got little attention. I thinks it's right on point.
It's very amazing the different ideas that came out of that thread. Scared the banks I guess. Hope this thread cranks up a bit more.
{quote} {quote} I have a different understanding. Let's look at some statements by Eurusdd. "Now, if you get the h and k right, you will find that transient price-zone occur with very LOW -probability. That is PRICES are h-recurrent almost-surely for some positive h." (PRICES not BARS/CANDLES) There is no center barOnly -h and +h (this EureKa literally just became aware to me as I write this so thanks for the question) "If your h is right, this probability should be about 3%. That is 97% of the time, at least one of the next h bars should hit...
{quote}YOU ARE THE ONLY PERSON who really got the idea so far!!! I see a lot of people disputing facts! Prices are 97%+ h-recurrent for the right h. This means that every-time a price is hit, there is 97% chance it will be h-recurrent. so if the last time it was not h-recurrent, it has 97% chance to be h-recurrent now. it is not the bars, you should count for the probability. focus on price!!! Less than 3% of prices will not be h-recurrent for some minimum h. For example, go back. if you find a price which is not 5-recurrent, go into the future...
Solutions ONLY!!!
