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TheRumpledOne
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Postby TheRumpledOne » Sat Feb 28, 2009 9:01 pm

prochargedmopar wrote:
TheRumpledOne wrote:Image

Am I looking too hard?

If range > average range then average range is green.


Sorry to be a pest TRO,
But what is the name of the multi # looking indicator that gives avg range high/low/range ect for all time frames.

I've been dropping indy's on charts for about an hr and can't seem to find it.
Thanks
Procharged


I think I sent out TRO2009_MultiMeter to the people who donated to my PayPal account. If not, that indicator and the new range multimeter will be sent out in next week's batch of indicators and updates.
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Postby TheRumpledOne » Sat Feb 28, 2009 9:10 pm

You know that I was not being literal when I was talking about waiting for a candle to almost close right?

All I was saying is that the more time that passes the less the risk of a high powered move against you and the more easy it is for you to exit at BE because if price is going to make a further momentous move then it will most likely be in the same direction it was traveling all this time.

Personally I have been waiting for at least 1/3 of candles to complete before making any decisions.

If I am looking to short and price is above the open at 1/3 then I see if price is below price at 1/3 when the candle is 1/2 completed.

On high momentum you can even profit when a candle is 80% (5/6ths or 83%) complete.

Counter trades are most profitable up to 1/3 completed candles (in my experience).

Of course there is no indi that marks a dot at the price where a candle was x% complete so you have to use a stop watch or magnified price and a chart clock.
- MightyOne


On high momentum you can even profit when a candle is 80% (5/6ths or 83%) complete.


Are you talking about 5/6 of the time OR 5/6 of the range or average range?



If you trade on the H1 time frame, the last 5 minutes of the current candle and first 5 minutes of the next candle can really pop, drop or both.

TRO RANGE EZ P2 shows what % current range is of average range.

I guess I could code price percent of current candle range... Hmmm...
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prochargedmopar
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Postby prochargedmopar » Sat Feb 28, 2009 9:17 pm

Thankyou Sir,
I'll be waiting and sift through the new batch as I can't find it.
My head is spinning from all the indicators I've gotten.
Sure is lots of fun. Keeps the weekends interesting.
Procharged
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Postby TheRumpledOne » Sat Feb 28, 2009 9:21 pm

Image

Image

MightyOne, have you seen my TRO TREND MAP?

It plots lines from the previous closes to the current close.
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Postby TheRumpledOne » Sat Feb 28, 2009 9:47 pm

Image

Range... what else??
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Postby TheRumpledOne » Sat Feb 28, 2009 10:08 pm

Image

Range history. Digital gauge showing same info as the histogram.
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Postby mthomas » Sun Mar 01, 2009 12:38 am

blubbb wrote:Oops. Still had some problems regarding ZLs. But I digged deep in this thread and found the post where it was explained. I hope it is right this time. Otherwise, everyone is invited to fix it. :D
I even added descriptions to the lines telling the line's age.


Blubbb, I realize these still are not correct but I like them both is there anyway to have both of your ind on the same chart, tried renaming currently have 1st version on 1 chart and your 2nd version on another chart. Both ind have different entries that the other on dosnt not but like I said I like both of them together. BTW when do the lines appear? end of candle?
Thanks for your hard work will view them live starting Sunday and please dont give up until it's coded correctly. :D
Have a Great Day,
Alotofpips
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TheRumpledOne
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Postby TheRumpledOne » Sun Mar 01, 2009 1:06 am

Image

MightyOne:

The Ret% (retrace percent) tells you in % how far the price is from the low of the candle. ( close - low ) / (high - low )

Is that what you meant?
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Postby prochargedmopar » Sun Mar 01, 2009 2:57 am

TRO,
I'm a noob so excuse me if you guys are on another page.

It was my understanding that he said to track the percentage of candle complete or to full formation of the average candle size.

One that would track the candle in a way that would tell you how many pips are left until full average range.
This way you would know how many pips you would be risking, on average, if you were to enter the candle in that location.
Could also track as percentage of price for profit/loss calculations.

I'm over on babypips reading mp6140's thread on LRC's. May have a new look chart Monday. LOL
tro true channel
tro linear regression
tro D1,H1, range stats
tro......???
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Postby MightyOne » Sun Mar 01, 2009 4:17 am

TheRumpledOne wrote:Image

MightyOne:

The Ret% (retrace percent) tells you in % how far the price is from the low of the candle. ( close - low ) / (high - low )

Is that what you meant?


I was speaking of % completed candles based on time.

On a 9 minute chart 1/3 is 3 minutes, 1/2 is 4.5 minutes, & 5/6 is 7.5 minutes.
I was ONLY referring to my experience with time techniques AFTER momentum has shown the way.

I use range to set my stops so that every pair impacts my account equally.

As far as analysis goes I am over and abundantly far reaching and exceedingly more concerned with the size of the bodies than I am the size of the wicks.

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