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Dolly Graphics
I have added the Full Daily average range and the 50% level as well as these are good reversal/entry/exit levels as used on the TSR posts just to give a little more of an indication of the strength of a move, if price breaks the 50% Daily av it tends to keep going, and if this level also lines up with an existing Dolly target then all the better as a conformation, also on those days when price exceeds the 2nd target then you have the full Daily range as an indication of possible reversal or price running out of steam. I am still cleaning up the code as the previous indicator was only a rough and contained many quickly applied aspects just to see how it would look, as the response has been positive I will test it and try to present a tested working indicator shortly.
here are some more screen shots of what it looks like up to now, have also added Price and Server/Local time Any comments or suggested additions or removals most welcome Dolly CHF.gif Dolly GBP.gif Dolly JPY.gif |
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[quote=cja]
here are some more screen shots of what it looks like up to now, have also added Price and Server/Local time Any comments or suggested additions or removals most welcome CJA, Looks very good and clear but how about an EDIT DIALOG switch under the INPUTS tab to toggle ON/OFF historic lines (not colour blocks) to make it possible to inspect performance on previous days. ... pretty please |
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Good Work All RE: Any comments or suggested additions or removals most welcome
CJA, I agree with jamesoscar it Looks very good and clear and agree on having an option to toggle ON/OFF historic lines (colour blocks or lines) to make it possible to inspect performance on previous days and to remove clutter...I also like the fact that you added the daily high and low projections. Do you work out the daily high/low projections using Tom DeMarks formula? I find Demarks projections to be very accurate and useful in my trading and would like to see them added into the project, would u like me to send u the calculations?
Many thnx |
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Re Dolly
I will look at having the LINE on/off option but at present i am having a good look at the Daily Average targets compared to the Standard Dolly targets.
Look at the 2 screenshots i have supplied the 1st is the Standard Dolly with the Dolly Targets shown by coloured panels and text labels also the Daily Average 50% & 100% levels The other screenshots are the Dolly but modified to give the Daily Average Targets using the coloured panels but still leaving the Standard Dolly targets at the side for reference, i do not know if it was just a one off but look at how price respected the Average levels. The Daily figures used are from the formula of the TSR indicator which i helped to graphically develope on another thread, they basically use a 1 day av + 5 day av + 10 day av + 20 day av divided by the number of days to give a pretty good daily average figure. I find it more helpful to have the daily figures loaded above and below the new day opening price rather than the central Pivot as the Dolly targets are loaded. this tends to give more realistic targets i have found but i am still checking this out at present. Perhaps you could send me the Demark figures and i will compare them Dolly Std Range.gifDolly Average Price Projections CHF.gifDolly Average Price Projections EURO.gif Dolly Average Price Projections JPY.gifDolly Average Price Projections NZD.gif |
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Re Dolly
Here is the last screenshot, i wonder if the 75% level would also be useful?
have also added in the extra levels into the comments on the left side of the chart. Almost finished cleaning up the code will post indicator/s soon. Dolly Average Price Projections GBP.gif |
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Thanks can you optionally push the text on the right in so that we don't have to use chart shift? Would have to change the text colours |
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