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zapzinig
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Postby zapzinig » Fri Jul 31, 2009 1:15 am

dragon33 wrote:It has been a while but i'm still doing always the same.

Image


Hi Dragon,

Nice chart and trade. What indicator are you using to draw the zlines?

If possible can you post the indi, it draws the lines exactly where I would manually draw them.

Thanks.

--zz

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pierre23
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Postby pierre23 » Fri Jul 31, 2009 1:56 am

zapzinig wrote:
dragon33 wrote:It has been a while but i'm still doing always the same.

Image


Hi Dragon,

Nice chart and trade. What indicator are you using to draw the zlines?

If possible can you post the indi, it draws the lines exactly where I would manually draw them.

Thanks.

--zz


I believe that's blubbb's ZLines indicator. He has his own indicator thread here:
http://kreslik.com/forums/viewtopic.php ... sc&start=0

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monolisa
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Postby monolisa » Fri Jul 31, 2009 2:22 am

dragon33: Nice trades. :)

spa: What do you based on to draw these zlines?

PTG: Your observations and conclusions are correct

cfabian: Looks like your first 2 trades got "zeroed" out. The 3rd one was better (in terms of reasoning). Good trade.

zap: indi attached. I modified blubbb's zline indi to plot at open/close on the pre-momo bar .

Image

Lis
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Blubbb_ZLines_close_open.mq4
(4.31 KiB) Downloaded 217 times
"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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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
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Blubbb_ZLines_FGV.mq4
test
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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

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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 151 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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