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Golden Zone Power Mining Indicator

  • #81
  • Aug 2, 2016 9:51am Aug 2, 2016 9:51am
I see no lines after I added this indicator to the chart!
Vucking good EA coder... https://t.ly/AZjRM
  • #82
  • Aug 3, 2016 8:44am Aug 3, 2016 8:44am
Quoting reteid2222
I see no lines after I added this indicator to the chart!
Did you switch between TFs and/or add and move two vertical lines over a specific price range?

Q


>> Learn More About Golden Levels
  • #83
  • Aug 3, 2016 9:35am Aug 3, 2016 9:35am
Quoting delta3
Quinton ,your indicator is so good ,I went live and true to your words ,Mine the Golden levels ,I thank you, No stress, cheers

Glad to hear that! It's actually kinda fun and satisfying to see the levels change as you isolate a specific price range. Even better when a cluster of golden levels reveals itself!

Q


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  • #84
  • Aug 3, 2016 5:08pm Aug 3, 2016 5:08pm
thank you very much!
Vucking good EA coder... https://t.ly/AZjRM
  • #85
  • Aug 11, 2016 2:19pm Aug 11, 2016 2:19pm
EUR/JPY

Pair seems to be basing and PA is a bit calm at the moment, so not expecting much at the moment in terms of pip gains. However recent PA offers us a good lesson in how to use the indicator. First, we zone off the nearest range with vertical levels right before price looks to enter back into it. The level drawn manually @ 116.33 is not all that bad but ultimately the generated GLs are the ones that stoped price in its tracks and caused the reversal. The lesson here: Esp. when facing upcoming, potentially volatile news releases, a more conservatively priced cluster of GLs should take precedent.


http://www.streamhedge.com/viewchart/dOCp0wd/2016-8-11_EURJPY_M30


Q



>> Learn More About Golden Levels
  • #86
  • Aug 11, 2016 2:33pm Aug 11, 2016 2:33pm
Quoting factlover
{quote} What time period for mining defined by vertical lines do you recommend? Should it be the last H4 or daily trend swing move? Or it all depends on the pair and the price overlook? i.e. we should play with mining period to get some reasonable looking GL zones?

Good question. When using the vertical lines (which I use unless price is nearing GLs generated from all available past data), I section off any major ranges. If the range is too short, you will not get many or any good GLs out of the H4+ time frames, so you would need to dig down into the lower TFs in those cases. A good recent example of what I would consider a sectionable range: http://www.forexfactory.com/showthre...50#post9079450

Q


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  • #87
  • Aug 11, 2016 3:01pm Aug 11, 2016 3:01pm
AUD/USD

Price is obviously in a mid-term up-trend which went slightly parabolic in the last few days and over-extended itself. Therefore a correction is to be expected. In pushing itself up nicely in the recent bull move, price exited and freed itself from a cluster of GLs (generated from vertical lines starting from March 2016) which can now be used as potential support for long entries. Hyperbolic moves, even small ones tend to deflate quickly so I would set a first entry target at around .7600 (near the price knots) which will allow the recent highs to slow price down as it dips back into the support zone.


http://www.streamhedge.com/viewchart...DUSD_H4​

Q


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​
  • #88
  • Aug 12, 2016 2:58am Aug 12, 2016 2:58am
USD/CAD please, it over the last few days has retracted through all 4hr levels and the daily ones are 22c south.
just attempting to get my head around it or is it just one I really should leave for a while
  • #89
  • Aug 13, 2016 11:58am Aug 13, 2016 11:58am
Quoting nimbinsstone
USD/CAD please, it over the last few days has retracted through all 4hr levels and the daily ones are 22c south. just attempting to get my head around it or is it just one I really should leave for a while

http://www.forexfactory.com/showthre...22#post9082322
  • #90
  • Aug 15, 2016 1:47am Aug 15, 2016 1:47am
EUR/AUD

Price is at the lower end of year long-term range and there is some bearish pressure visible on the higher time frames. On H1 price dipped back above the levels bounding the lower end of the long-term range, forming a cup. This is a short-/mid-term bullish indicator. Two possible long entry price points present themselves: One @ 1.4500 - 1.4488 and a lower price one @ 1.4472 -1.4468. Since this pair tends to move quickly and the lower level is better price and better formed due to price respecting it sharply from both the long and short side, I would prefer taking long positions from there.

http://www.streamhedge.com/viewchart...-15_EURAUD_M30

Shorts should be initiated carefully due to short-term bullish action, despite the longer term bearishness. The GL indicator revealed a level cluster from 1.4722 1.4740 which is also confirmed by two major price knots. Still any profits on shorts should be booked quickly.

http://www.streamhedge.com/viewchart...8-15_EURAUD_H4

Q


​>> Learn More About Golden Levels
  • #92
  • Aug 24, 2016 10:37am Aug 24, 2016 10:37am
GBP/CHF

Price is very bullish (look at those H4 candles). There is confluence between the .50 fib and H4 200 MAs, but no golden level around that area. These factors alone could be enough to push price down. However, the next cluster of GLs is to be found above 1.2900 with the first set enjoying 61.8 fib confluence.

http://www.streamhedge.com/viewchart...8-24_GBPCHF_H4



>> Learn More About Golden Levels
  • #93
  • Aug 24, 2016 12:29pm Aug 24, 2016 12:29pm
Hey Quinton. Wanted to thank you again for the excellent tool.

Whilst trading GbpJpy today, I made a 13min video, showing how I was using your indicator.

Should you not approve of this video, I, of course will remove it.

Cheers,
Darryl

Inserted Video
  • #94
  • Aug 29, 2016 2:48am Aug 29, 2016 2:48am
AUD/USD

Golden Levels that acted as support can now be viewed as potential resistance points to take shorts from. A cluster of indicator generated GLs exists right above .7600. Since AUD bargain buyers could cause a snap-back from these prices after the rise in the USD I would definately consider more conservatively priced entry targets for shorts. A slightly less conservative approach would be to rely on the .50 fib and H4 200 MA to slow down price as it approaches .7600, which as the M30 chart shows has a well formed level running along it. The M30 also shows the cluster of more conservatively placed GL short entry targets.

http://www.streamhedge.com/viewchart...8-29_AUDUSD_H4

http://www.streamhedge.com/viewchart...-29_AUDUSD_M30



>> Learn More About Golden Levels
  • #95
  • Aug 29, 2016 1:26pm Aug 29, 2016 1:26pm
NZD/USD

Similar situation to AUD/USD is that a long-standing trend deflated and now bargain buyers are rushing in.
Although the H1 200 MAs are looking to confluence with levels around .7270, price probably has further to go up until a meaningful correction occurs. The levels around .7300 with .50 fib confluence and the indicator generated cluster of levels (very well formed and priced) further up around .7314 with 61.8 fib confluence would be better targets for shorts.

http://www.streamhedge.com/viewchart...8-29_NZDUSD_H1



>> Learn More About Golden Levels
  • #96
  • Aug 29, 2016 7:32pm Aug 29, 2016 7:32pm
Quoting Quinton
NZD/USD Similar situation to AUD/USD is that a long-standing trend deflated and now bargain buyers are rushing in. Although the H1 200 MAs are looking to confluence with levels around .7270, price probably has further to go up until a meaningful correction occurs. The levels around .7300 with .50 fib confluence and the indicator generated cluster of levels (very well formed and priced) further up around .7314 with 61.8 fib confluence would be better targets for shorts. http://www.streamhedge.com/viewchart...8-29_NZDUSD_H1 >>...
Shouldn't this bullshit be in the bullshit commercial bullshit section?
  • #97
  • Aug 31, 2016 2:58pm Aug 31, 2016 2:58pm
Quoting diamonddbw
Hey Quinton. Wanted to thank you again for the excellent tool. Whilst trading GbpJpy today, I made a 13min video, showing how I was using your indicator. Should you not approve of this video, I, of course will remove it. Cheers, Darryl https://www.youtube.com/watch?v=pwVn_gxGy8k

Not at all diamond. Thanks for sharing.

Q


>> Learn More About Golden Levels
  • #98
  • Aug 31, 2016 5:50pm Aug 31, 2016 5:50pm
Quoting Quinton
{quote} Not at all diamond. Thanks for sharing. Q >> Learn More About Golden Levels
Dear Friend,
you have done a great work. I must say i am using a similiar method with one change. Not high, low price but only close prices on line chart. Believe me it works like a charm. I have a big question for you (big at least for me) Could you change a code or just add to it a possibility to see not only high/low prices, but a second possibility to see also close price lines? You would do me a big favor my friend ( and I Think not only me) close price for me has a bigger difference than high/low. Thank you in advance!
If you have any questions let me know.
PS
again, fantastic work!
  • #99
  • Sep 1, 2016 3:39am Sep 1, 2016 3:39am
Quoting michaelion
{quote} Dear Friend, you have done a great work. I must say i am using a similiar method with one change. Not high, low price but only close prices on line chart. Believe me it works like a charm. I have a big question for you (big at least for me) Could you change a code or just add to it a possibility to see not only high/low prices, but a second possibility to see also close price lines? You would do me a big favor my friend ( and I Think not only me) close price for me has a bigger difference than high/low. Thank you in advance! If you have...
Hi michaelion,

Thank you for the kind words. Indeed, closing prices can be used in much the same way. In fact, one refinement I will add to the indicator is the ability to add other such factors (including perhaps session open/closes). I am toying with the idea of doing one big update to the indicator rather than one with smaller modifications/fixes.

Q



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  • #100
  • Sep 1, 2016 4:06am Sep 1, 2016 4:06am
Thank you my Friend, I will close your thread very closely!
Cheers!
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