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

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PebbleTrader
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Postby PebbleTrader » Sat Sep 24, 2011 9:59 am

Yah,

Pretty cool side by side comparison, I saved the images to desktop and then flipped through them fullscreen fast.

I am happy to see that we are all starting to produce very similar looking PnF now.

Thanks for clarification on price level being middle of box and sweet spots gold as well.

Ok, so if we wanted to see past the gap in data, we would have to use Excel and just add to the previous data.
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Postby PebbleTrader » Sat Sep 24, 2011 10:51 am

Image

Bredin,

What would your indi do given the above circumstance?

Count the reversal extra box or not?

EDIT:

Sorry didn't catch this before:

"some small diferences, I am not using any margin so exact price hits are needed from my feed. (GoMarkets)"
Last edited by PebbleTrader on Sat Sep 24, 2011 3:33 pm, edited 1 time in total.
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Jalarupa
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Postby Jalarupa » Sat Sep 24, 2011 10:52 am

Okay, I got an idea for a statistical indicator that I would like to see in lew of bredin's new pnf indi...

How about a range type indicator that gives the amount of times price has made 2/3/4/5/6/7/8/9/10/11/12/13...etc boxes before a reversal (longs and shorts), that way we can see when parabolic momo could be looking to run out of steam... (close on a large candle... sorta thinking)...

I know you very busy bredin, but I'm sure you would also be interested in this data... but when you ready... I'm sure it will make a wonderful additional tool for space assessment and profit targeting... ;-)
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Postby Jalarupa » Sat Sep 24, 2011 1:17 pm

Image

Playing with 306090 and channel size... seeing some interesting things... :P
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Postby PebbleTrader » Sat Sep 24, 2011 1:54 pm

"Playing with 306090 and channel size... seeing some interesting things... "

Nice channels :)

"How about a range type indicator that gives the amount of times price has made 2/3/4/5/6/7/8/9/10/11/12/13...etc boxes before a reversal (longs and shorts)"

Isn't that what we were doing with the color intensity's? But turning it into a stat indi instead?
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Postby MightyOne » Sat Sep 24, 2011 2:56 pm

Jalarupa wrote:Okay, I got an idea for a statistical indicator that I would like to see in lew of bredin's new pnf indi...

How about a range type indicator that gives the amount of times price has made 2/3/4/5/6/7/8/9/10/11/12/13...etc boxes before a reversal (longs and shorts), that way we can see when parabolic momo could be looking to run out of steam... (close on a large candle... sorta thinking)...

I know you very busy bredin, but I'm sure you would also be interested in this data... but when you ready... I'm sure it will make a wonderful additional tool for space assessment and profit targeting... ;-)



If you delay Bredin I'll have to kill you :lol:

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Postby PebbleTrader » Sat Sep 24, 2011 3:35 pm

""some small diferences, I am not using any margin so exact price hits are needed from my feed. (GoMarkets)""

Is there any way you could make it a user defined tolerance level?

I think you will get a more clear picture by doing so.

I would think this would be easy to add to the code? For my code it was just a matter of adding/subtracting the tolerance to the price high/lows...

Those that don't want it, would just turn it off, for exact price hits...
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Postby PebbleTrader » Sat Sep 24, 2011 5:45 pm

I know, I know, It's just not as cool as Bredin's indi, but I added a new feature:

Image

Via a combobox, you can select to show majors "On" or "Off" and at various levels "10, 20, 50, 100" (reference points) and then when it creates the PnF it will add these in based on the color you select. These are also your psycho levels...
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Postby PebbleTrader » Sat Sep 24, 2011 5:50 pm

I think it's about ready to share with others...I might test it a little more first...

If you have donated your creative idea to this thread and you would like to have it, PM me.

Excel is REQUIRED, Open Office is not supported.
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Postby lazygeorge » Sat Sep 24, 2011 6:37 pm

PebbleTrader wrote:I think it's about ready to share with others...I might test it a little more first...

If you have donated your creative idea to this thread and you would like to have it, PM me.

Excel is REQUIRED, Open Office is not supported.


OK,my shot at creative is merely this.....

Any way of incorporating a custom candle or better still...3xcc on our P&F charts...

Might be very simple for the great creative minds in here im sure :lol:

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