No one ever Discovered anything new by colouring inside the lines.
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
A pip is only worth it if you know how much you risked to earn it
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DislikedI found only ' 3% transient 'somewhat is true but i don't find the rest 97% all are H-recurrent.Ignored
DislikedHi! This model is very dynamic that makes it difficult to understand by just read the forum. Let me see if i can get it clear doing a "timelapse" of an case. Please see this sequence... {image} Before the frame 1 there was a sequence similar ( i didn't the screen shots for this previous) At frame 2 and 3, the price start a new drop and clean the previous transcendent zone. this make that zone recurrent?? A new zone appears instantaneously, with the size of frame 4. Than the price continues dropping almost till the end of the box. In that case (focus...Ignored
DislikedSo at the end of the day, TZ is just another way of guessing where possibly the bottoms or tops are.Ignored
Disliked{quote} You are right, Hidden Gap Bars are Mid Transient Zones, by using statistics you can determine % chance of success/failure with your trades as a I show with those pictures using TZs and by doing this you will get into the habit of always taking Past Gap Bars into account when trading once you discover for yourself what size "H" MTZs have what type of end results. Here is KPRSA's indicator that displays statistics: {file} Here is Xixi's indicator that visually draws Fractal and MTZs on charts {file} PLEASE NOTE, Mid Transient Zones and Fractal...Ignored
DislikedI've been reading through this thread and eurusdd's thread and remember seeing an indi that gave you a value of k based on the size of past transient zones. I've spent all day trying to find the poster with the indi but can't find it... Anyone know the indi I'm talking about?Ignored
Disliked{file} {quote} I think this is it. It's not been updated for a while, but it's still functional. The newer version doesn't show all these stats. Credit to whoever made it, probably saver0, sciurus, or xixi. Edit: The indicator is KPRSA's.Ignored
DislikedTZ's are still the only indi on my charts. If you wish to keep the discussion going, please tell us what gems do you have to share with the group?Ignored
DislikedAll Indicators and template needed that I use at picture in my previous post (MP and TZ) I still learning this new field so please help and inform us if you find something interesting about this combination Hope it help and best regard. MTH PS: for Market Profile Indicator, you must adjust DayStartHour setting according to your Broker Server Time. the default is 3 for GMT+3 broker. {file}Ignored
DislikedSo The problem I see with the indicators created to see transient zones is that they include the wick . If an adjustment can be made such that the left side of the zone depends on the bar's close we can capture the zones that are based on the left H breakout bar. To capture zones based on a constant price we can select or own constant pip value. so basically a counter breakout strategy. It may be valuable to look at the SSBO system to gauge recurrency probability for breaks from consolidation zones (CZs) and use the the prerequisite of a CZ prior...Ignored
Disliked{quote} I tried to understand what you are proposing but got lost. To me TZ's must include the wick as TZ's only deal with price, they have no reference to the close value of a bar. Just because I dont get it doesnt mean you dont have a good idea. Hopefully you will be able to develop into something. Best of luck.Ignored