Indicators By Insanity Industries

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noone22
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Postby noone22 » Fri Mar 26, 2010 12:15 am

bredin wrote:its only a great indi if you are making money with it, otherwise its junk


Yes, as with anything else - it's good, if it is profitable.

What are these numbers: LONG RR: 0.7 2.2 3.1
and which indi they're coming from?

So, you basically trading off Demand zone, just as
off Support, taking only pure PA into account,
or some other indicators (to signal you entry and/or exit)?

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bredin
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Postby bredin » Fri Mar 26, 2010 1:09 am

those are some Risk/Reward numbers I am playing with for later inclusion in II_SupDem. They are calculated nominally from the width of the closest zone and the distance from the edge of that zone to the edge of the next 4 opposite zones. (if you look you will see the same vals as in the arrows)

It may or may not be useful enough, I will have to see :)

Thats right, I am just reading PA as price enters and around the edge of the zone. I am not going to hit buy if price is stall falling....

The only other indis on my charts are II_Crashzone (for long term targets) and blubbb_CustomCandle, which I use on higher timeframes (actually only on H4, but thats not the point) to tell me which way to trade so I lessen the odds of being the bunny.....

to Quote MO "Enter on Stops, Exit on Extremes" This should tell you about where I am targeting after an entry. That trade I posted travelled 50 or so pips in about 4 ticks and blew through 3 M5 supply zones.... I had intended to scalp up to the next zone about 10 pips away and then see what happened..
I guess I saw :)

G.
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Postby TheRumpledOne » Sun Mar 28, 2010 3:37 pm

All winning trades are lucky. ALL!!

If you can not control the outcome of the event and the outcome results in your favor, then you are lucky.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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bredin
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Postby bredin » Fri Apr 02, 2010 1:00 pm

Hmmm Working on a custom candle/zl/mz indi..

Image

so far it looks for a good place to put the initial lines for the cc, and Ive got zerolines included. some code to go, but its drawing correctly at least.

Next is MightyZones... Have to go to bed its 2am, getting up in 3 or 4 hours :)

G.
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Postby noushina » Fri Apr 02, 2010 4:14 pm

So this custom candle will draw both the candle and the zline (and/or MZ) but will also be totally user definable -- So I could set up a 90 minute, or 180 minute "zline candle" ?

Looks fun. You are turning into a coding machine :-)

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bredin
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Postby bredin » Fri Apr 02, 2010 6:03 pm

yeah, those are H12 candles with ZLs.

The indi selects where to start drawing from, but f you dont like where it picks you can still move the lines, just like blubbbs.

G. (back to coding)
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Humble
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Postby Humble » Sat Apr 03, 2010 12:58 am

Will the zl draw from the extreme rather than the o/c?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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bredin
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Postby bredin » Sat Apr 03, 2010 1:34 am

I will set it so that the Zline can be drawn from candle open, candle half, or ohlc prev candle, mabee h/l from prevprev candle (ie 2 to the left), at users discretion. I have been considering having a setting for ALL and a setting for "let the computer decide".

I am also working on better logic for determining a MOMO candle to draw the zline from, since we all know by now that any candle following a doji will be a zline generating candle, which is very rarely MOMO.

Also MOMO candles will be a different color to non MOMO :)

Obviously an indi of this nature wont get it right every time, but if I can eliminate the really wrong results that can only help.

Almost got MZ done as well, having some placement issues... back to yelling, screaming and learning my kids bad words...

So far Im amazed at how little time it takes to draw the 5000 or so custom candles on my H4 charts.....

G.
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bredin
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Postby bredin » Sat Apr 03, 2010 5:04 am

new pic

Image
picture is of H12 GJ

potential momo candles recolored, MZ shown (not ZL, still going nuts there, kids now know at least two more words) MZ history can be turned off to show only current zones.

more niceties coming :)

G.
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Postby Brookmyre » Sat Apr 03, 2010 5:41 am

Thats F***ing Awsome Bredin. If it helps your programming skills you can come over to my place and teach my kids some new words too. :twisted:
I've learned from my mistakes and I'm sure I can repeat them exactly - Peter Cook

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