"Golden Arches" Project

Quote from ElectricSavant:

here is a big virgin :) of the entire chart.

no its not porno silly
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Crap. If that is a view of all Daily data available in MarketScope then we can only state what the period of the CR is not. The chart is 299 bars wide, and for every bar there is a CR value. We can say that the CR period on Daily timeframe is MINIMUM 299. It could be longer but we don't know until we can view all bars until there comes a point where there is no CR value at Bar X.

Having said this, its hard to assume that Marketscope only loads 299 bars of data for any time frame. So lets see if we can get a pic of an "entire chart" of 60min posted and see where the CR stops. (and/or 30min, 15min etc..)

note that any chart with CR will do, does not have to be virgin for now.
 
Quote from ElectricSavant:

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total of 300 bars again. All charts, each grid holds 11 bars * 27 full cells = 297 + the most current incomplete cell = 299 +- 1.


This simply is a limitation of Marketscope and the parameter that is passed to CR is ALL_DATA Constant, so by default its 299 (or greater as we cannot confirm the inner workings). So, we can do better because our period can be tuned (eventually)


This gives me more confidence in the period value. I will keep the fact that my CR bends sooner than MarketScope in the back of my mind while I furthur develop. If anyone knows the exact MarketScope formula used for the CR, please post. We are not too far off, in fact our's may be better, testing will tell.


Next post, assumptions for Virginity criteria.
 
some Virgins are hot!

Geography_teacher.gif
 
" ("Virgin Arches" = beginning of a bend)"


Is it safe to assume that the beginning of a bend occurs after the following:

(lets say for a short)

A) CR indicator is rising ("u" shaped) many bars ago as seen many bars ago.
B) Eventually as more bars come in, the same plotted CR indicator reshapes and starts to flatten out.
C) As more bars come in, the very first down tick that reshapes the CR indicator into "n" shape is considered the sign of a virgin downtrend taking shape.
 
This is a stepped line and after the second notch on the yellow line forms (unclear as to how many bars that takes) it is established and begins the arch...trades can be taken all along that zone...when the arch starts to run out of steam more aggressive traders can take a 15 minute if the price is not to far off of it...

arches can shift and change shape...



Quote from fifo:

" ("Virgin Arches" = beginning of a bend)"


Is it safe to assume that the beginning of a bend occurs after the following:

(lets say for a short)

A) CR indicator is rising ("u" shaped) many bars ago as seen many bars ago.
B) Eventually as more bars come in, the same plotted CR indicator reshapes and starts to flatten out.
C) As more bars come in, the very first down tick that reshapes the CR indicator into "n" shape is considered the sign of a virgin downtrend taking shape.
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TV,

Could the distance of the max high/low from the yellow line from viewing the entire chart on the Daily CR (299 days) be counted and noted, and then that amount be used to trail the stop with? Adjust the stop every day by counting from the middle yellow CR line (open). Remember its the distance in PIPS that is used as the increment added to the open price of the daily CR line...due to the inherint slope/fall of the arch, the stop will get tighter with each day's maintenence adjustment to the stop.

The targets could remain the same as they are now? or be eliminated and let the stop take the trade out?

"Average in's" could still use the Demarker and CurviRank™ trade size could remain as it is...or eliminated...what do you think?

Just a thought.

Michael B.

P.S. This is sort of what walterjennings was visualizing I believe.


Quote from TradeViper:

Ha, give me something harder. Ok all you programmers who want to trade, this is what is needed. On the mt4 platform find the following.

1. Previous weeks high and low
2. Previous weeks support and resistance

This needs to be put on a daily chart

Anything generic will do, I have added some tweaks to mine which makes them more robust, but the generics will serve well.

ES, both of the shorts were taken too close to weekly lows and support levels for what I would consider long term trades, (1-several days), you mentioned there seemed to be support at a certain level, well the generic weekly support around the 18th was at 1.6405, and on the 22 the previous week low was 1.6403, with a support level at 1.6353.

So if one of the Doctors of DOS, Gurus of Glitch, Xifus of Cyberspace could come up with something along these lines I think it would help confirm entries.

The Ever leveling Out VIPER
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