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ProfLogic's Method
- Thread starter El Guapo
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ProfLogic, I want to lay out the structure first before getting too deep into the rules. This is to confirm what I think I know as the base for the rest.
All charts are CVB (Constant Volume Bars) to a power of 7 (the base).
A triplet chart set is used with consecutive exponents :
There are two lower indicators: a customized Ergodic signal line (adapted from Blau's TSI) and an Ergodic Histgram. The parameters (on all charts) are
Fast = 49, Slow = 49, Signal Length = 147, and Price Close
(vs Median, etc). I'll get deeper into this formula later.
Some definitions :
Oscillation = a change in slope direction (+/-) == on ERG & Histogram = change in color; on Price = Peak or Trough
PPF = Physical Price Failure = Oscillation Failing to make a HH or LL = Lower Peak or Higher Trough
Breach = Strong Breach = Price Oscillation making a HH or LL = Higher Peak or Lower Trough
Breach PPF = Breach Physical Price Failure = Breach with price change of 6 tics or less
Match PPF = Price Oscillation with the same High/Low as the previous oscillation
Weak PPF = Match PPF
Since all PPF & Breach variations are price oscillations (Peak/Troughs) then then same algorithm can be used to identify all, and then distinguish by comparing the current oscillation price to the previous; i.e., Abs(New â Previous) = Delta
TIA !
All charts are CVB (Constant Volume Bars) to a power of 7 (the base).
A triplet chart set is used with consecutive exponents :
- Entry Chart = 7** N Volume
- Trading Chart = 7 ** (N+1)
- Strength Chart = 7 ** (N+2)
There are two lower indicators: a customized Ergodic signal line (adapted from Blau's TSI) and an Ergodic Histgram. The parameters (on all charts) are
Fast = 49, Slow = 49, Signal Length = 147, and Price Close
(vs Median, etc). I'll get deeper into this formula later.
Some definitions :
Oscillation = a change in slope direction (+/-) == on ERG & Histogram = change in color; on Price = Peak or Trough
PPF = Physical Price Failure = Oscillation Failing to make a HH or LL = Lower Peak or Higher Trough
Breach = Strong Breach = Price Oscillation making a HH or LL = Higher Peak or Lower Trough
Breach PPF = Breach Physical Price Failure = Breach with price change of 6 tics or less
Match PPF = Price Oscillation with the same High/Low as the previous oscillation
Weak PPF = Match PPF
Since all PPF & Breach variations are price oscillations (Peak/Troughs) then then same algorithm can be used to identify all, and then distinguish by comparing the current oscillation price to the previous; i.e., Abs(New â Previous) = Delta
- Delta > 6 == Breach
- 0 < Delta ≤ 6 == Breach PPF
- Delta = 0 == Match PPF
- Delta < 0 == PPF
TIA !
Alright, I seem to have messed this up already. PPFs & Breaches on chart (N) are not based on chart (N)'s Price oscillations, by definition (below), they are based on the ERG signal line oscillations of the faster (N-1) chart. They happen, mathematically, to align with the Price peaks and troughs.
From an earlier post
Is my interpretation correct?
From an earlier post
PPF's, Breach's, Breach PPF's and Match PPF's are taken from the ERG not the Histogram
Is my interpretation correct?
Quote from LostTrader:
Alright, I seem to have messed this up already. PPFs & Breaches on chart (N) are not based on chart (N)'s Price oscillations, by definition (below), they are based on the ERG signal line oscillations of the faster (N-1) chart.
From an earlier post
Is my interpretation correct?
You are correct. Oscillations of the N-1 ERG in Prime (+/-10) are Prime PPFs the other oscillations of the N-1 ERG are secondary PPFs oscillations.
JW
Did I hear that there was AmiBroker code available? if so, please PM me. I'd like to get a copy for study.
Whiskey, FYI, I snagged your Ergodic for Ninjatrader as well as palinuro's. Now I am in process of crawling through them to assist my learning curve.
Thanks, everyone!
Whiskey, FYI, I snagged your Ergodic for Ninjatrader as well as palinuro's. Now I am in process of crawling through them to assist my learning curve.
Thanks, everyone!
Quote from LostTrader:
Did I hear that there was AmiBroker code available? if so, please PM me. I'd like to get a copy for study.
Whiskey, FYI, I snagged your Ergodic for Ninjatrader as well as palinuro's. Now I am in process of crawling through them to assist my learning curve.
Thanks, everyone!
Remember to change the histo multiplier from 50 to 72 to more closely resemble Prof's charts.
JW
hi Guys,
i am new to the forum. just finish reading the forum and got some question hopefully you guys can help me with it.
1.if i found the erg in 2401 chart forming higher high, does it mean the market is going up and i start to look for long signal in my 343 chart?
2.divergence must occur above +10/-10 to be significant?
3.does any one has proflogic software that can show all the arrow and entry and exit signal?can email me a copy?
thanks so much.
i am new to the forum. just finish reading the forum and got some question hopefully you guys can help me with it.
1.if i found the erg in 2401 chart forming higher high, does it mean the market is going up and i start to look for long signal in my 343 chart?
2.divergence must occur above +10/-10 to be significant?
3.does any one has proflogic software that can show all the arrow and entry and exit signal?can email me a copy?
thanks so much.
Quote from dominict70:
hi Guys,
i am new to the forum. just finish reading the forum and got some question hopefully you guys can help me with it.
1.if i found the erg in 2401 chart forming higher high, does it mean the market is going up and i start to look for long signal in my 343 chart?
2.divergence must occur above +10/-10 to be significant?
3.does any one has proflogic software that can show all the arrow and entry and exit signal?can email me a copy?
thanks so much.
Reread the rules a few times and it will make more sense to you.
The rules refer to an Entry/Exit (7**N), Trading (7**N+1) & Strength (7**N+2) chart. Some posts refer to the Trending chart.
(1) So is the Trending chart the same fractal as the Strength chart ?
It seems that only the histogram is used on the N+2 chart, to indicate strength.
(2) Is anything else used on this N+2 chart?
Thanks!!
(1) So is the Trending chart the same fractal as the Strength chart ?
It seems that only the histogram is used on the N+2 chart, to indicate strength.
(2) Is anything else used on this N+2 chart?
Thanks!!
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