P&F charts suck, don't use them...

[Jalarupa]

You clearly are not listening...

Well seeing as you are here... We may as well continue...

[Relativity]

I don't use P&F => I am still using nothing but SB + Rat Zone + Statistics. Now trading Crude Oil LOL!

[PebbleTrader]

I don't use PnF either, I heard they suck.

What is even more humorous is that there are traders that are actually filling them out manually

I trade using data visualization->SR,SD,Stats,HiLo, everything else I ignore...

To be fair, I will give it a fair chance.

Absorb if useful -> Discard if not ------ > Fill in the blanks with what is creatively my own...

[PebbleTrader]

Jalarupa,

Thanks for template.

Because of column alternations, we can preformat the cells.

All that is needed then is to hit "g" enter, "g" enter, "g" enter, etc., and it will automatically fill in the box with the right color. Make sense?

[Jalarupa]

Cool...

I'm still quiet a noob when it comes to Excel. Please make any adjustments and return send...

I'm at slavery central atm but when I get home tonight ill do some 'work' trading this baby according to what I am seeing...

[Relativity]

I dont get it. If I am to give P&F a chance, why not apply them on tick charts?

[PebbleTrader]

I'm thinking we might want to apply "decay" to the levels.

Revisiting recent levels -> more significant

Past levels -> less significant

I'm just thinking ahead, eventually as this grows...

[Jalarupa]

I'm thinking we might want to apply "decay" to the levels.

Revisiting recent levels -> more significant

Past levels -> less significant

I'm just thinking ahead, eventually as this grows...

Was thinking that as well but couldn't figure how to quantify it...

[dchappy]

Nice work fellows ....keep going ...

[PebbleTrader]

I'm thinking:

1->2->3->4->5 ........ 5->4->3->-2->1

So starting out you would have all 1's, then the levels build (2, 3, 4, 5)

At 5 we would allow so many 5's to be hit

Then the older levels start to decay.

A new 5 is hit -> oldest level 5, now becomes a 4.

A new 5 is hit -> next oldest level 5, now becomes a 4. The previous decay of 4 now becomes a 3.

It's creating a "fade out effect".