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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 17, 2010 1:08 pm

SignalBender wrote:TRO, I rarely see better (more detailed) specs than what I've written.


If that were true, then you would not have requested changes.

My degree is in computer science. I use to get paid to code. I stopped coding for dollars because people would ask for something, I would code EXACTLY what they asked for and then they would say, "that's not what I meant". I am NOT a mind reader.
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Postby gfg1 » Thu Jun 17, 2010 1:44 pm

SB, having been reprimanded and clarified, would like to make an observation (need to give credit to jalarupa, altima and others here) and get your thoughts.

The middle window of the 5min GU chart would be long signals and the bottom window being short ones.

When the squigglies as referred to align in "v's" and inverted "v's" as in the vertical line attached, i.e.:

-blue spike down
-cyan spike down
-pink spike up
-red spike up

good indication of a long on open of next bar.

Have searched for short indicator on same chart but no luck. However it appears that the trigger would be:

-red spike down
-pink spike down
-cyan spike up
-blue spike up

Your comments and thoughts would be appreciated.


SignalBender wrote:No problem - I'm not spanking, just clarifying. I'm not really back either. I just stepped in to explain. I have no problems with Kreslik, just need stay focused on what I'm doing.

One way or another, the project gets done.

Take care and good trading to all.
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Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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TheRumpledOne
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Postby TheRumpledOne » Thu Jun 17, 2010 2:55 pm

Why are there 3 lines instead of 4?

Is that to make it easier to see?
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Postby gfg1 » Thu Jun 17, 2010 3:04 pm

Yes, from either jalarupa's or altima's prior analysis, set it up so that it is easier on the eyes. Although clearly, one window with 4 lines would get the same job done.

TheRumpledOne wrote:Why are there 3 lines instead of 4?

Is that to make it easier to see?
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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Postby TheRumpledOne » Thu Jun 17, 2010 9:47 pm

If the specs are exact, a trigger display of long/short/wait could be added to the indicator.
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Postby gfg1 » Thu Jun 17, 2010 11:32 pm

Can only go by the observations that I have made. Based on that, this type of entry occurs a couple times a day only if that often, and only on a 5 minute chart. Any time frame larger than that seems to round off the pink and cyan lines too much, so that they will not peak or valley.

The attached chart shows 3 entries, the initial short would have taken some heat but worked for a few pips. The next entry, a long would have worked nicely. The last entry a short would have worked for a few pips too.

Keep in mind that this all is in a very tight trading range.

Do not if the specs are exact. So unless signalbender chimes in, looks like it will remain in observation stage. But if it works, then who cares, right? Will trade it cautiously, but it appears that if used with the rat, may have advantages.

TheRumpledOne wrote:If the specs are exact, a trigger display of long/short/wait could be added to the indicator.
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Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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Postby tmanbone » Sat Jun 19, 2010 9:09 am

TROSBA2(3) = tighter entry, green rat = cyan line crosses and/or kisses the magenta line up, enter (i.e 17 June 20:00 in above chart); caution/exit @ blue line extreme/outlier retracement. vise versa for red rat.

EDIT: period is user definable, changed from original post from 2 to 3
Last edited by tmanbone on Sun Jun 20, 2010 6:39 am, edited 2 times in total.
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T

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Postby gfg1 » Sat Jun 19, 2010 10:51 am

tman, what is the name of the indicator you use to get a 2 min time frame. Know an offline chart needs to be created, but the name of the indi escapes me. TIA

tmanbone wrote:TROSBA2(2) tighter entry, green rat = cyan crosses / (kisses i.e 17 June 20:00 in above chart) magenta up, enter; caution/exit @ blue extreme/outlier. vise versa for red rat.
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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Postby tmanbone » Sat Jun 19, 2010 11:09 am

I was referring to changing the period to 2 in the indi settings. What you're talking about I believe is the period converter. The one below is set to three.

Image
"The simplicity of the markets is it's greatest disguise"



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Postby gfg1 » Sat Jun 19, 2010 11:47 am

gottcha and great idea. ty

tmanbone wrote:I was referring to changing the period to 2 in the indi settings. What you're talking about I believe is the period converter. The one below is set to three.

Image
Price closed over a line that you believed to be support and that is the first indication that something is WRONG-MO

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