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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 8:45 pm

3 LEVEL ZZ SEMAFOR from codebase

3 Level ZZ Semafor

I noticed the inputs for level 3 are different!!

Main settings:
Period1=5; Periods are set. If you want to remove a semaphore, set 0.
Period2=13;
Period3=34;

Dev_Step_1="1,3"; Deviation and step of each period are set. Two figures comma separated. Deviation and step are like in a simple Zigzag.
Dev_Step_2="8,5";
Dev_Step_3="21,12";


Symbol_1_Kod=140; The semaphore symbol on a chart can be changed. The figure is the current symbol code.
Symbol_2_Kod=141;
Symbol_3_Kod=142;

This indicator was writt
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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 8:51 pm

FRACTAL

What Is ZigZag?

I think, only few ones are surprised with the modern representation of the price chart as a bar. A time length is cut from the ticks history. The enter (Open) and exit (Close) prices, the maximal (High) and minimal (Low) values are fixed. But we can say nothing about the intrabar movement, about its direction at the exit... There is not enough information to make a trade decision. Additional tools are necessary for market analysis.

It is another pair of shoes, when the matter is the ZigZag polyline... We know the level and the approximate time of the last movement start, its direction. On the basis of statistical data processing (peaks and troughs), the possibility of forecasting the probable level and probable reverse time appears... There is enough information to make a "proper" trade decision.

It is important to understand that the current quotes are used for ZigZag drawing. It doesn't use any "quackery" and nor it adds anything to what already exists. The ZigZag is one of the methods of representing a price chart in a more compact form.

What quotes are usually used for ZigZag drawing? High and Low. That is the answer. But we can draw a polyline using only the open or only the close price of the bar (in my opinion, these are most preferable variants, because we know the event time for sure).
How Can We Identify Peaks and Troughs?

Let's remember the definition of a fractal, before we answer this question. Let me quote some phrases from New Trading Dimensions by Bill Williams:

"The fractal pattern is a simple one. The market makes a move in one direction or the other. After a period of time, all the willing buyer, have bought (on an up move) and the market falls back because of a lack of buyers. Then some new incoming information (Chaos) begins to affect the traders. There is an influx of new buying, and the market, finding that place of equal disagreement on value and agreement on price, moves up. If the momentum and the buyers' strength are strong enough to exceed the immediately preceding up fractal, we would place an order to buy one tick over the high of the fractal."

In practice, it is applicable to ZigZag. We search for the new models of Peaks and Troughs during its composing. How can we find them? And here comes a quote again:

?The technical definition of a fractal is: a series of a minimum of five consecutive bars where the highest high is preceded by two lower highs and is followed by two lower highs. (The opposite configuration would be applicable to a sell fractal.)?.
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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 8:55 pm

ZIGZAG INPUTS

Parameters.

Most of the external parameters are the string variables.

The parameters separated by commas are written in each string variable for each zigzag. The separator of the parameters is comma.

The first digit is for the first zigzag, the second one - for second and the third is for third. Separated by commas.
ExtDepth, ExtDeviation and ExtBackstep are the standard parameters for the zigzag.
If you set ExtDepth=0, then the corresponding zigzag will not be displayed.

ExtMaxBar - the number of the bars the zigzag will be calculated on.
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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 9:12 pm

GETTING WARMER

I am looking for precise definitions of the input parameters:

ExtDepth

ExtDeviation

ExtBackstep
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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 9:31 pm

THIS MAY BE HANDY

I believe this is what we were seeing today.


These may be handy
Last edited by TheRumpledOne on Fri Mar 20, 2009 10:53 pm, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 9:44 pm

Image

I set period1 to 34, making it the old 3.

Period2 is now 55 and period3 is now 89.

Now we have level 3, 4 and 5. This should give us even better real time information at the M1 level.
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Postby PTG » Fri Mar 20, 2009 9:48 pm

DIBS + REPAINT: do you see ? :shock:

Image

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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 9:50 pm

Image

I had fixed a version of the float indicator.


FLOAT INDICATOR


Perhaps we may have a use for it.

Template and indicators attached.

Image

I think I figured out the new settings. Look in upper left hand corner of chart.
Attachments
TRO_Repaint_This.zip
(70.13 KiB) Downloaded 448 times
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 11:07 pm

Image

Image

I will have to wait until next week to see if this version works properly.

Now the semafors paint each bar like my dynamic sr indicators.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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TheRumpledOne
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Postby TheRumpledOne » Fri Mar 20, 2009 11:22 pm

Image

Can you SEE IT??
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