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es/pip
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Postby es/pip » Tue Mar 17, 2009 6:35 pm

MightyOne wrote:
es/pip wrote:i think i see it

if so i see a lot more opportunities than i did before

i think i see---- if the candles are moving in the same direction

what would be the correct way to draw when the market reverses with a body 2 times the previous bar


OC/2 to O is the ZL area and a line can be drawn any where in that space as a contact point.
You can trade any method you want from this space...

Image



k

with ya

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 6:41 pm

deeforex wrote:MO,

Does this chart look correct for Water Horse patterns?

After taking this screenshot the last candle closed green. Had it remained red, would I understand it to mean that the next candle is to be bullish? or that the trend is still Bullish? or both?

"Up-Down is Bullish"
[left]http://i40.tinypic.com/2v1t9ic.gif[/left]


They are "look to trade long/short" signals.

Had the last candle closed red you would remain bullish.

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es/pip
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Postby es/pip » Tue Mar 17, 2009 6:47 pm

very interesting


i see a lot more opportunities looking at it this way


Image

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MightyOne
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Postby MightyOne » Tue Mar 17, 2009 7:06 pm

es/pip wrote:very interesting


i see a lot more opportunities looking at it this way


Image


And I have not even gotten around to the trading techniques that will blow your mind :wink:

deeforex
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Postby deeforex » Tue Mar 17, 2009 7:07 pm

OMG! no wonder why I was getting so confused with the Z-lines.

I thought that the z-line was at a given price level but

"ANY LINE IN THE ZL AREA IS A ZL!"

there's actually a ZONE, with your choice of price! If I recall correctly, MO had mentioned a zone in his earliest posts!

The second thing that was bogging me down was what es/pip said "where are the longer lines originating from?"

MO's chart says: "<---There is nothing back there!"

ok, sometimes there's nothing back there but if there was something back there, do you look for support/resistance, reversal points (open or close price?), all the above, something else?

the picture is becoming clearer!!! Now I just need to practice trading it!

MO, Thank you for clarifying WaterHorse setups. If someone doesn't see it, let me know and I will add more notes to a chart.

:smt026 :smt026 :smt026 I'm so happy that the room is no longer so dark!

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es/pip
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Postby es/pip » Tue Mar 17, 2009 7:13 pm

MightyOne wrote:
es/pip wrote:very interesting


i see a lot more opportunities looking at it this way


Image


And I have not even gotten around to the trading techniques that will blow your mind :wink:



well----------------drink some more beer and spill the beans-------- just tell us everything you know

drink drink drink

:D :D :D


j/k


thanks for sharing your stuff MO

damn good stuff at that

deeforex
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Postby deeforex » Tue Mar 17, 2009 9:21 pm

MO & TRO,

If you should be doing anymore work on angled trendlines and writing indicators for them, this link might provide some insight for scaling purposes.
http://forum.mql4.com/8889


Trendline by angle is usable on a squared chart only. It is a "visual" angle tied to the monitor, not the chart.

A 45 degree Trendline by Angle is a visual 45 degree line on your display. zoom in zoom out or squeeze the
vertical price scale, the line stays put at a 45 degree visual angle.

Therefore, it has no relation to time or price, unless you happen to know the ratio of pips to time you have on
the chart.

The only "known" setup is 1:1, and that is useless for higher timeframes.

For trading purposes, an angle needs to be defined in terms of price and time, thus sticking it to the chart. In
that scenario, a 45 degree line is a slope of 1 unit of price change in 1 uint of time change, with units defined
by your imagination or application.




Code: Select all

 
//Angle and slope are synonymous.
//Draw a line with a slope of 0.618 for example:

int start(){
 string name = "a";
 double theSlope= 0.618;
 int startBar = 39;
 int runBars = 7;
 double price = Close[startBar];
 double angle;
 if(ObjectFind(name) != -1) ObjectDelete(name);
 ObjectCreate(name, OBJ_TREND, 0, Time[startBar], price, Time[startBar-runBars], price + (runBars * theSlope * Point));
 angle = MathArctan(theSlope)/ 3.1415965 * 180;
 Comment("The angle of line "+name+" is "+DoubleToStr(angle, 2)+" degrees");
 return(0);
}


TRO, will you be releasing your latest MO indicators anytime soon?

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blubbb
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Postby blubbb » Tue Mar 17, 2009 10:48 pm

If you do that, I'd propose a line with a fixed slope defined by dp/dt (relativ price change over time) instead. Something like "1 pip per minute". ZZ semafor displays something like that in the upper left corner, I think.
That line would be the same on all TFs.

Edit: Added my ZLines indi (another attempt). It only displays the OC/2 line on extreme candles, not the whole zone. You should be able to see past lines as well. There are two input values.
Attachments
ZLines.mq4
(3.36 KiB) Downloaded 143 times

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prochargedmopar
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Postby prochargedmopar » Wed Mar 18, 2009 1:18 am

Say no to Z-lines. I call for a new name: You are now entering.....

"The Mighty Zone"

Well,
No beer today but we did go to the lake and crank up a camp fire for the 5 kids. Roasted some sausage links and ate plenty of s'mores. Oh the chocolate and marshmallow overload, I'm a stuffed pig.
You know the 90/10 rule, right. Avg. person eats 20 full meals a week + snacks. That means 10% (2) can be of what ever value you desire. Mmmmmmm
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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MightyOne
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Postby MightyOne » Wed Mar 18, 2009 1:36 am

deeforex wrote:MO & TRO,

If you should be doing anymore work on angled trendlines and writing indicators for them, this link might provide some insight for scaling purposes.
http://forum.mql4.com/8889


Trendline by angle is usable on a squared chart only. It is a "visual" angle tied to the monitor, not the chart.

A 45 degree Trendline by Angle is a visual 45 degree line on your display. zoom in zoom out or squeeze the
vertical price scale, the line stays put at a 45 degree visual angle.

Therefore, it has no relation to time or price, unless you happen to know the ratio of pips to time you have on
the chart.

The only "known" setup is 1:1, and that is useless for higher timeframes.

For trading purposes, an angle needs to be defined in terms of price and time, thus sticking it to the chart. In
that scenario, a 45 degree line is a slope of 1 unit of price change in 1 uint of time change, with units defined
by your imagination or application.




Code: Select all

 
//Angle and slope are synonymous.
//Draw a line with a slope of 0.618 for example:

int start(){
 string name = "a";
 double theSlope= 0.618;
 int startBar = 39;
 int runBars = 7;
 double price = Close[startBar];
 double angle;
 if(ObjectFind(name) != -1) ObjectDelete(name);
 ObjectCreate(name, OBJ_TREND, 0, Time[startBar], price, Time[startBar-runBars], price + (runBars * theSlope * Point));
 angle = MathArctan(theSlope)/ 3.1415965 * 180;
 Comment("The angle of line "+name+" is "+DoubleToStr(angle, 2)+" degrees");
 return(0);
}


TRO, will you be releasing your latest MO indicators anytime soon?


I have a single method that solves all of the above and there is no need to ever touch the line by angle tool ever again.

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