TheCrumpledOne wrote:
poker... ? ...
This is why he brought it up.
There is a lot of room to move up, from $0.01-$0.02 all the way to thousands of dollars per hand.
Trips is NOT a good hand in Omaha...
Moderator: moderators
TheCrumpledOne wrote:
poker... ? ...
Code: Select all
HI_HAGO = (pmidpoint + phigh)/2;
LO_HAGO = (pmidpoint + plow)/2;
Code: Select all
if(AUTO_MIDPOINT){
//outside bar
if(high > phigh && low < plow){Period_Choices = PERIOD_D1;}else
if(high > phigh && low < plow){Mid = open;}else
//inside bar
if(high < HI_HAGO && low > LO_HAGO){
if(close > open){Mid = low;}else
if(close < open){Mid = high;}}else
//no breakout
if(high <= phigh && low >= plow){
if(high > HI_HAGO && low < LO_HAGO){Mid = midpoint;}else
if(high > HI_HAGO){Mid = HI_HAGO;}else
if(low < LO_HAGO){Mid = LO_HAGO;}}else
//BO & overlap
if(high > phigh && low < LO_HAGO){Mid = LO_HAGO;}else
if(low < plow && high > HI_HAGO){Mid = HI_HAGO;}else
//BO & no overlap
if(high > phigh){Mid = (HI_HAGO + high)/2;}else
if(low < plow){Mid = (LO_HAGO + low)/2;}else
{Mid = (high + low)/2;}
}
I don't think of a trade as an entry but as the placing of a stop loss and the normalization of risk; normalizing risk "trails" your stop loss and that is why I have said in the past that "trading is simply placing and trailing stops".
Lines spacing is based on a percentage of the weekly median range.
The length of time that it takes for price to move through space, from one line to the other, determines the timeframe that you are trading;
like Point & Figure charting, the scale becomes the timeframe.
MightyOne wrote:Solution to outside bars? Switch periods!
TheCrumpledOne wrote:2) Clarification: "Weekly median range" here means the current week's range? or is it the last week range? or the average of weekly bars for the past month?
MightyOne wrote:The weekly range is the 4th smallest range of the last 6 weeks
TheCrumpledOne wrote:I looked at both our M5 chart and noticed that the numbering is different, e.g. your daily open is at line 09, and my daily open line is between 12 and 15, what settings should be used on my EIGHTS indicator? (see picture 5)
TheCrumpledOne wrote:Hello salezyakuku,
appreciate your contributions.
and thank you for your clarifications.
so, if below are the weekly pips from high to low:
Week 1: 200pips
Week 2: 250pips
Week 3: 320pips
Week 4: 350pips
Week 5: 400pips
Week 6: 500pips
4th smallest range is 350pips, and that is my weekly median range.
And for your example, after we remove 2 smallest (Week 1 & Week 2 above) and 1 biggest (Week 6), we are left with:
Week 3: 320pips
Week 4: 350pips
Week 5: 400pips
So, it is the average of these 3 (320+350+400 divide by 3= 356 pips) or take the middle value (350pips)?
thank you, I've downloaded and applied the latest version 13a (see picture)
thanks salezyakuku.png
I can see the comments is very similar (see pic below). that's good. I will give more replies soon. Thanks again.
EN EIGHTS indicator setup.png