How to use the frequency distribution tool

everything that doesn't belong elsewhere cometh here

Moderator: moderators

TheCrumpledOne
rank: <50 posts
rank: <50 posts
Posts: 36
Joined: Thu Apr 28, 2016 4:45 pm
Reputation: 0
Gender: Male
Contact:

How to use the frequency distribution tool

Postby TheCrumpledOne » Thu Oct 06, 2016 2:22 am

Hi Avery,

I wanted to ask you how can we design our own frequency distribution settings?

This is a simple example:
1) Using the daily EURUSD chart
2) I want to find the wick sizes in pips
3) I like the settings to use the past 300 daily bars, so for the past 300 days.
4) Finally, categorise them into the different sizes:
- 0-1 pips
- 1-5 pips
- 5-10 pips
- 10-20 pips
- 20-100 pips

Having percentages will be good as well. This is a simple example, but I like to learn before having advanced settings on finding the more beneficial statistical figures.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: How to use the frequency distribution tool

Postby TheRumpledOne » Fri Oct 07, 2016 12:22 am

TheCrumpledOne wrote:Hi Avery,

I wanted to ask you how can we design our own frequency distribution settings?

This is a simple example:
1) Using the daily EURUSD chart
2) I want to find the wick sizes in pips
3) I like the settings to use the past 300 daily bars, so for the past 300 days.
4) Finally, categorise them into the different sizes:
- 0-1 pips
- 1-5 pips
- 5-10 pips
- 10-20 pips
- 20-100 pips

Having percentages will be good as well. This is a simple example, but I like to learn before having advanced settings on finding the more beneficial statistical figures.


You can change the inputs.
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.

TheCrumpledOne
rank: <50 posts
rank: <50 posts
Posts: 36
Joined: Thu Apr 28, 2016 4:45 pm
Reputation: 0
Gender: Male
Contact:

Re: How to use the frequency distribution tool

Postby TheCrumpledOne » Fri Oct 07, 2016 1:26 am

Hi TRO,

thanks, but is there a manual on how to adjust the inputs?

please see the pic, I am not sure if the template or indicator is the right one.
right.png
right.png (30.3 KiB) Viewed 278 times



I'm trying to find the info above on the 1st post.

User avatar
TheRumpledOne
rank: 10000+ posts
rank: 10000+ posts
Posts: 11430
Joined: Sun May 14, 2006 9:31 pm
Reputation: 45
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified
Contact:

Re: How to use the frequency distribution tool

Postby TheRumpledOne » Fri Oct 07, 2016 2:54 pm

TheCrumpledOne wrote:Hi TRO,

thanks, but is there a manual on how to adjust the inputs?

please see the pic, I am not sure if the template or indicator is the right one.
right.png


I'm trying to find the info above on the 1st post.


Didn't you get the PDF? The indicator in your chart doesn't have those range inputs.
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.

TheCrumpledOne
rank: <50 posts
rank: <50 posts
Posts: 36
Joined: Thu Apr 28, 2016 4:45 pm
Reputation: 0
Gender: Male
Contact:

Re: How to use the frequency distribution tool

Postby TheCrumpledOne » Thu Oct 13, 2016 8:49 am

Yes, i got the pdf. I'll read it again tonight.

One of my ideas is to get 5 pips either buy or sell depending on the previous candle. If previous candle is a down candle I'll sell, if it is an up candle, I'll buy.

I will only enter at the open on a h4 candle for 5 pips.

1. So i want the tool to count all the wicks of the previous 240 h4 candles (2 months of data). Then the average of the 240 candles.

2. I also want the tool to count the body of the h4 candles and average it out.

I hope that this is possible. Getting more stats in our favour.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

roctao
rank: 50+ posts
rank: 50+ posts
Posts: 50
Joined: Sun Jan 08, 2012 3:50 pm
Reputation: 4
Location: backwoods tennessee
Gender: Male
Contact:

Re: How to use the frequency distribution tool

Postby roctao » Thu Oct 13, 2016 1:11 pm

TheCrumpledOne wrote:Yes, i got the pdf. I'll read it again tonight.

One of my ideas is to get 5 pips either buy or sell depending on the previous candle. If previous candle is a down candle I'll sell, if it is an up candle, I'll buy.

I will only enter at the open on a h4 candle for 5 pips.

1. So i want the tool to count all the wicks of the previous 240 h4 candles (2 months of data). Then the average of the 240 candles.

2. I also want the tool to count the body of the h4 candles and average it out.

I hope that this is possible. Getting more stats in our favour.


Hi CrumpledOne, might I suggest you reverse your idea. Its been my experience that h4 open will retrace before continuing. If you are only looking for 5 pips I believe you will get them quicker. Not 100 % of the time but with a plan of what to do in case it goes against you such as HOLO (therumpledone/holo-highest-open-lowest-open-trade-t12931) you will be successful.
Follow M.O."s advice on the last page about taking profit and you will have a winning strategy.
Only don't wish for it. Work for it

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.


Return to “general”