ProfLogic's Method

[pismo10]

Quote from ProfLogic:

Really . . .
Tell me the PPF entry price and then give me the target price where it isn't a Breach.

I don't understand your response.

Anyhow, I'll make it more straight forward. What does Breach PPF mean vs Breach? Simply <7 ticks for Br PPF?

Most of the sells have a PPF LH just before. 10:36, 11:17, 1:00. Breach before that.

Sounds generally like - get on the new trend after a turn (PPF LH) after a Breach (new LL) but wait for a pullback first (PF and conf bars) The labeling and terminology kill me.

Just trying to learn.

Thanks

 

[Whisky]

Quote from pismo10:

Just a small problem defining Breach LL/HH. On this chart why does the Breach label occur? Many a far beyond a new 7 tick low/high.

I also see some big blue arrow sells where the last swing was not a Breach.


Thanks


http://elitetrader.com/vb/attachment.php?s=&postid=2116913

A breach is a lower low or higher high than the last swing.

A PPF breach is the same as a breach but the previous swing is exceeded by maximum 7 tics before price reverses.

All big blue arrow sells have a LH and LL in sequence before they appear.

If you mark on the chart where you have a confusion, I'm sure someone will answer you.

JW

 

[Tums]

Quote from Whisky:
...
If you mark on the chart where you have a confusion, I'm sure someone will answer you.
JW

that's right.
zoom in and cut out the portion you have a question.
add arrows and annotation on the chart...
that makes it easier for people to know what you are talking about.

 

[ProfLogic]

Quote from pismo10:

I don't understand your response.

Anyhow, I'll make it more straight forward. What does Breach PPF mean vs Breach? Simply <7 ticks for Br PPF?

Most of the sells have a PPF LH just before. 10:36, 11:17, 1:00. Breach before that.

Sounds generally like - get on the new trend after a turn (PPF LH) after a Breach (new LL) but wait for a pullback first (PF and conf bars) The labeling and terminology kill me.

Just trying to learn.

Thanks

Every trade on the chart you listed was a PPF (Physical Price Failure, i.e. Price failing to make a HH or LL) where the last labeled oscillation is the target and was a Breach (Breach of the previous like oscillation, i.e HH or LL)

We aren't trading trend we are trading sequential oscillations.

 

[Whisky]

hi Prof. Attached below is a 2100 chart from yesterday.

Does it look like yours?. I noticed there are very few oscillations above +10 or below -10, and I suspect my settings are wrong somewhere. Would you kindly confirm/deny accuracy of my chart?

Thanks.

JW

 

[palinuro]

Quote from Whisky:

hi Prof. Attached below is a 2100 chart from yesterday.

Does it look like yours?. I noticed there are very few oscillations above +10 or below -10, and I suspect my settings are wrong somewhere. Would you kindly confirm/deny accuracy of my chart?

Thanks.

JW

Looks like you're not multiplying by 3 (needs to be added to whatever standard erg indicator you're starting from). Also, I believe he uses 2401 rather than 2100.

- palinuro

 

[Whisky]

Quote from palinuro:

Looks like you're not multiplying by 3 (needs to be added to whatever standard erg indicator you're starting from). Also, I believe he uses 2401 rather than 2100.

- palinuro

Ok thanks. I must be tired. I fixed the 2100 for 2401. Now where do I multiply by 3?. I have 49, 147, 49 for the fast, sig, slow, EMA respectively.

JW

 

[palinuro]

Quote from Whisky:

Ok thanks. I must be tired. I fixed the 2100 for 2401. Now where do I multiply by 3?. I have 49, 147, 49 for the fast, sig, slow, EMA respectively.

JW

eco.Set(multiplier * (100 * EMA(EMA(closeopen,slow),fast)[0] / EMA(EMA(highlow,slow),fast)[0])) ;



Edit: I don't know that this is correct, but it sure looks right.

- palinuro

 

[Whisky]

Quote from palinuro:

eco.Set(multiplier * (100 * EMA(EMA(closeopen,slow),fast)[0] / EMA(EMA(highlow,slow),fast)[0])) ;



Edit: I don't know that this is correct, but it sure looks right.

- palinuro

Thanks palinuro. I did this (for speed) and printed a chart:

eco.Set(300 * EMA(EMA(closeopen,slow),fast)[0] / EMA(EMA(highlow,slow),fast)[0]) ;

Does that look better?. Was that multiplier part of the original idea or just an addition to help the scaling?

Looking at the code, someone decided to change the formula in the book and add the highs and lows in the denominator. Not sure why that is or what it does to the indicator...

I guess I'll write my own code...sigh...

Cheers

JW

 

[ProfLogic]

Quote from Whisky:

hi Prof. Attached below is a 2100 chart from yesterday.

Does it look like yours?. I noticed there are very few oscillations above +10 or below -10, and I suspect my settings are wrong somewhere. Would you kindly confirm/deny accuracy of my chart?

Thanks.

JW

Suggestion: The Histogram scaling is 3
Take the price labels off: too much of a distraction
My chart is a 2401 too.

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