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I see some of the charts posted have the VoltyChoppy indicator. What is it supposed to show (choppy markets, I suppose). Is it a proprietary indicator? I can't seem to find it in the usual places (Lightpatch), & I'm still waiting for my registration at forex-indicators.freefxsystem.com to be processed. Any takers?
I have such an idea about the method of calculation of the pivots. If I understand it correctly, pivots are calculated using the high, low and closing prices of the previous day. But related to the timezone, all of these change, I guess. And depending on the previous price movement, pivots and consequently all levels may vary a great deal for different people in just a single day of trade.
Shouldn't there be a sort of standart GMT offset parameter for this system? It might be easier to test the system using common entry/target levels, regardless of the timezone...
The three main markets (Tokyo, London and New York) open at fixed hours every day. How about modifying the system so that it shows 3 different sets of pivots and buy/sell zones each day, calculated using the high, low and closing prices of the hours of activity of the previous market zone? For example, pivots for the New York trading hours being calculated from the highs/lows/close of the London trading hours, etc.? I think such a method of calculation would reflect in a better way the change of pivot values in regard to timezone change. Hope it will bring about interesting results, too.
Thanks a lot for posting your great indicator! Respect.
This looks good combining it with Nina's system --
I added the HistStepStoch and StepStoch with alert --
kiwigold:
Excuse me. I forgot to answer your post.
We need to remark a few things.
CATFX50 is a M30 TF and is trend follower.
Here, we are playing with breakouts in M15.
Though, dolly indicator is not TF dependant and you can use in TF with you feel more confident.
I think M15 is the best because we want to catch the begginig of the breakout.
IE: If you use H1 you´re entering into the breakout 1 hour later
Remember: If we are in front of the PC, we enter after a closed bar up blue line or below red line.
CAT is using a modified version of StepMA_Stoch developed by Igorad and modified by Nina to include an average of X bars. That´s why you need to have almost 2000 bars history. Read post 5881/82/85 of CAt thread.
According to Igorad you need to set SetpSto with kfast to 1.66 to have similar results as StepMA_Stoch.
You could try to switch to M30 and the same seetings used in CAT.
Linear Mode
