Silvermo: I noticed that your bars pointed by GREEN and RED are exactly the bars that pass my test described above. Is it a general statement? Is your tool free?
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Joe Doaks and ET Develop the Perfect System
- Thread starter Joe Doaks
- Start date
Silvermo: I noticed that your bars pointed by GREEN and RED are exactly the bars that pass my test described above. Is it a general statement? Is your tool free?
Is it possible to get a peak/bar chart with different colors for the wicks with numbers on them?
I think it would be great if say, for instance, that peak one has a big yellow or blue "1" above it and peak two has a big "2" above it. This way you could keep track of all the peaks.
Last night I watched that show "Numbers". I bet that Charlie guy could write a code for that if he wasn't so busy helping his brother at the FBI.
I think it would be great if say, for instance, that peak one has a big yellow or blue "1" above it and peak two has a big "2" above it. This way you could keep track of all the peaks.
Last night I watched that show "Numbers". I bet that Charlie guy could write a code for that if he wasn't so busy helping his brother at the FBI.
Silvermo, you are too kind. But you are also such a comedian! Two peas in a pod, I suppose. Your chart doesn't show what's critical: the time delay between the peak itself and CALLING the peak. That's the part that's kind of important to actually TRADING. At least mine is an honest Puck.
Thank you for your kind comments, RiskFree. I, too, like that kind of a bar. There is one like it in Dallas called Shorty's. Pray tell, what magical properties do YOU ascribe to that pattern? With the addition of a little more info it could be described as a candlestick pattern.
Man, the pity of this thread's death is that I was going two somewheres with it. Developing the most perfect bar quality-based system conceivable. And dropping hints about cybernetic-based trading system development. But ET's inability to stay OT killed both educational goals. And now I am off to work again for two months and will have no time for frivolity here. Au revoir.
I can see a good bar on a chart
and IMO the best bar,, ...that is as follows:
to get a good trade I adjust time frame in a way that it will show me the formation of a decreassing trinagle up or down trend,,, it doesnt really matter as what counts is that the price will scape up or down at the end of it....the tradeable bar is allways the last one and the triangle conforms allways of three legs so if you adjust the bar(2) to your kind of trade then it will mean that bar(1) is either too short to trade or too close to a big leg and therefor unpredictable bar,,, the third leg is small and normally going up and down from one side to the other of the small range....thats the bar!!.. is where I want to be...if it happened in a downtrend then most likely to carry on down normally the size or the first leg which in this case is the largest,, if the triangle has faster lows and slower highs in a downtrend you can expect the formation of a crescent triangle at the end of it, normally too flat to trade in the same timeframe, so I look again for the best time frame and the best bar!
it works perfect in any direction,,, I use a breaout indicator with tick charts with scrollbar to adjust time frame... soon it will all be automated.
All the best to you all
Rafael (spain)
and IMO the best bar,, ...that is as follows:
to get a good trade I adjust time frame in a way that it will show me the formation of a decreassing trinagle up or down trend,,, it doesnt really matter as what counts is that the price will scape up or down at the end of it....the tradeable bar is allways the last one and the triangle conforms allways of three legs so if you adjust the bar(2) to your kind of trade then it will mean that bar(1) is either too short to trade or too close to a big leg and therefor unpredictable bar,,, the third leg is small and normally going up and down from one side to the other of the small range....thats the bar!!.. is where I want to be...if it happened in a downtrend then most likely to carry on down normally the size or the first leg which in this case is the largest,, if the triangle has faster lows and slower highs in a downtrend you can expect the formation of a crescent triangle at the end of it, normally too flat to trade in the same timeframe, so I look again for the best time frame and the best bar!
it works perfect in any direction,,, I use a breaout indicator with tick charts with scrollbar to adjust time frame... soon it will all be automated.
All the best to you all
Rafael (spain)
Rafael, you described it eloquently, but it's a bit difficult to visualize. Perhaps you could share a screen shot with us the next time you see that pattern? Thanks and best regards.
hi again,,,
they are easy to find,, use a scrollbar to quickly change tick bars time frame..
this is what I use with AFL
tics=Param("tics",-115,-10000,0);
TimeFrameSet(tics);
HaClose = (O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
GraphXSpace = 10; /* create empty space of 10% top and bottom of chart */
PlotOHLC( Open, High-1, Low+1, Close, "close " + Name(), colorWhite, styleBar );
all the best
Rafael (spain)
they are easy to find,, use a scrollbar to quickly change tick bars time frame..
this is what I use with AFL
tics=Param("tics",-115,-10000,0);
TimeFrameSet(tics);
HaClose = (O+H+L+C)/4;
HaOpen = AMA( Ref( HaClose, -1 ), 0.5 );
HaHigh = Max( H, Max( HaClose, HaOpen ) );
HaLow = Min( L, Min( HaClose, HaOpen ) );
GraphXSpace = 10; /* create empty space of 10% top and bottom of chart */
PlotOHLC( Open, High-1, Low+1, Close, "close " + Name(), colorWhite, styleBar );
all the best
Rafael (spain)
Attachments
An excellent example, very clear, thanks.