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frang0nve
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Too many zlines?

Postby frang0nve » Fri Jul 31, 2009 6:50 am

Hi Lisa,

I think your indicator draws too many zlines.

I post my own modification.



Cheers

Francisco
Attachments
Blubbb_ZLines_FGV.mq4
test
(4.05 KiB) Downloaded 143 times

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monolisa
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Postby monolisa » Fri Jul 31, 2009 7:45 am

Too many zlines? Can you please elaborate?

I note the zlines on your chart are plotted differently. What's your criteria of a zline?

This is my GBPUSD H1 chart with zlines at close/open. Don't think there are many lines there :)

Image

Thanks.

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

frang0nve
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Postby frang0nve » Fri Jul 31, 2009 10:06 am

Hi Lisa,

If i'm not wrong, in the indicator the MinFactor parameter (default value 2.0) allows to select how bigger a body candle has to be relative to the former one body.

So, if the default value is not changed, a zline will be drawn when a bar is twice the body spread of the former one.

I've highlighted in your chart some setups that I think are not complying with the above description.

Please let me know if I'm wrong.

Cheers


Francisco

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monolisa
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Postby monolisa » Fri Jul 31, 2009 10:27 am

:) You are correct. My mod simply plot a line when the body spread of a bar is larger than the previous one. I do not include the minfactor in my calculation as I don't think it's relevant (at least for me).

Anyway, I have amended the mod including minFactor (see attached).

Lis
Attachments
Blubbb_ZLines_close_open_minFactor.mq4
(4.43 KiB) Downloaded 134 times
Last edited by monolisa on Sat Aug 01, 2009 12:41 pm, edited 1 time in total.
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

frang0nve
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Postby frang0nve » Fri Jul 31, 2009 1:27 pm

Liz,
I used the original zline calculation from Blubbb.
I just modified the x coordinate in the zlines, drawing them in the open of the momo candle.

Cheers

Francisco

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monolisa
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Postby monolisa » Fri Jul 31, 2009 4:09 pm

Today's EURUSD MZ trade. Have a great weekend, everyone!!

Image

Lis
"Know your enemy and know yourself, find naught in fear for 100 battles. Know yourself but not your enemy, find level of loss and victory. Know neither your enemy or yourself, wallow in defeat every time." - Sun Tzu

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dragon33
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Postby dragon33 » Fri Jul 31, 2009 5:24 pm

GU trade from today. Waiting from the early morning but it payed off.

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cfabian
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Postby cfabian » Fri Jul 31, 2009 5:44 pm

monolisa wrote:Today's EURUSD MZ trade. Have a great weekend, everyone!!

Image

Lis


Had the same trade, just exited on the previous ZL, good for 120 pips.

It is starting to look so easy that is really scary!!!!!!!!!!!!

Next week going live!!!!!!!

frang0nve
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Postby frang0nve » Fri Jul 31, 2009 7:21 pm

Hi Lis,

With your latest mod ( Blubbb_ZLines_close_open_minFactor.mq4 ) only bullish zlines (bullish momo bars) are drawn.

I enclose a chart with this indicator and I highlighted some missing zlines.
You know, we're never happy:

Too many zlines!... Too few zlines!... :D

Cheers

Francisco


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MightyOne
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Postby MightyOne » Sat Aug 01, 2009 3:11 am

monolisa wrote:Today's EURUSD MZ trade. Have a great weekend, everyone!!

Image

Lis


Nice trade Monolisa!

I am happy to see that you are doing so well.

Don't spend the money all in one place :shock:

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