Bender

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Jalarupa
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Bender

Postby Jalarupa » Sun Aug 29, 2010 9:18 am

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Hi there guys,

Just wanna show some observations regarding the TROSBA indicator which was developed in light of Signal Bender's brief stint on Kreslik. I think it was gfg that mentioned the correlations to bredin, and I've been giving it a lot of thought since then.

I have noted that there is definitely a powerful relationship between the OBV indicator and the highs and lows as well as the zero value of the TROSBA (which I set to range = 1)

Image

Here I took note of the various highs and lows that the TROSBA(1) drew over time

Image

Next I marked where price (TROSBA) returned to these levels

Then I looked at then the OBV hit (yellow arrow) the same or near same levels and I made note of that, and look at the buy sell confirmations that were made...

Finally I looked at behavioral occurrences (purple arrow) where it hit btw zero & 20/-20 TROSBA. Also where SBA returned to extremes as well as when OBV broke out of the highest level - looking for a higher resistance...

I am still very interested in this whole market bio-rhythmic behavior and from what I can see these two indi's compliment eachother (thx gfg)

Now is there anyway someone could code this into a EA or a semafor to test this?

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bredin
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Postby bredin » Sun Aug 29, 2010 11:34 am

Jal, can you clean up those charts so they show ONLY the information that you want, and the process by which you would generate a "trade signal" from that?

PM me on II and we can talk more about what defines a trade setup, Im not promising anything, but we can see what we come up with :)

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Jalarupa
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Postby Jalarupa » Mon Aug 30, 2010 4:20 am

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My first Bender Trade...

+250 Pips so far - looking to target the white box at the Gap close or to take the OBV white box target at the ZERO TROSBA level...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

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dojirock
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Postby dojirock » Mon Aug 30, 2010 5:11 am

hello,

can u post the indicators u are using...trosba and obv?

thnx
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bredin
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Postby bredin » Mon Aug 30, 2010 5:22 am

theres a CC indi (Mine by the look of it) and a 3LZZ indi as well as TROs candlecolor indi and a couple of bartimers as well

G.
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Postby gfg1 » Mon Aug 30, 2010 12:53 pm

Awesome analysis jal.

doji, let me try to answer. In panel 2, add OBV (on balance volume) indicator, or bredins II_CC_OBV indi.

Also add, tro_signal bender average indicator. In the sb_average indicator, blank out the red and blue colors, leaving only aqua and magenta. In the inputs of same indi, set average bars to 1. This should get the same settings as jalarupa is using, right jal?

Bredin, in panel 2 of the attached chart, the white OBV line is the standard issue indi. The gold line is the II_CC_OBV. Somehow they are not matching up. Seems as if my settings are somehow wrong. Any thoughts?

Also Bredin, all that is needed is a multi pair alert dashboard (lol wish list item)

Jalarupa wrote:Image

My first Bender Trade...

+250 Pips so far - looking to target the white box at the Gap close or to take the OBV white box target at the ZERO TROSBA level...
Attachments
On Balance Volume.mq4
(3.41 KiB) Downloaded 10 times
TRO_SignalBenderAvg.mq4
(6.12 KiB) Downloaded 9 times
gj bender.gif
gj bender.gif (22.64 KiB) Viewed 283 times
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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bredin
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Postby bredin » Mon Aug 30, 2010 2:24 pm

gfg1

The most recent version of mine should be ok as it uses the same code as the one from the mql codebase, and then builds the OBV CC's on top of that.
An earlier version did something weird that I couldnt trace, despite being functionally the same as far as I could tell. It looks like you are still using that version, which appears to have (or cause) spikes in the data.

G.
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Postby gfg1 » Mon Aug 30, 2010 2:51 pm

bingo, thanks.

bredin wrote:gfg1

The most recent version of mine should be ok as it uses the same code as the one from the mql codebase, and then builds the OBV CC's on top of that.
An earlier version did something weird that I couldnt trace, despite being functionally the same as far as I could tell. It looks like you are still using that version, which appears to have (or cause) spikes in the data.

G.

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Postby dojirock » Mon Aug 30, 2010 4:02 pm

Thanks, GFG1, Bredin....

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Postby Jalarupa » Mon Aug 30, 2010 4:31 pm

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Hey GFG yes thats correct! Look at those confirmations on the TROSBA levels... TWICE on the ZERO LOL

Here's what the days trading looked like...

Looking to take the rest all the way to the OBV in the white box, until I will look at being long again... I AM ROBOT... :P

No rational for my entries... was merely trying to cover draw down from Friday. (BB-Before Bender) Looking for the D1 to close lower tomorrow to close my final DD in BE (luckily small position sizes)

Image

So far so good...
"our deepest fear is not that we are inadequate... our deepest fear is that we are powerful beyond measure... It is our light, not our darkness that most frightens us..."

I trade using <<FX SYNERGY>>

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