this new indicator is very nice and usefull i have posted a screnshot from daily chart CHFJPY if u read this newdigital is the author active on tsd forum ? can u help translate the language in the code to english ?.

Kamyar thanks for the excel tools infact 1 of the spreadsheats was the 1 i wanted to make. So right know my brain is a bit empty. And kamyar do u always target 38,2 and 61,2 ?

Sailor

Attached Images

nice indicator.gif (30.0 KB, 291 views)

New indicator: http://onix-trade.net/forum/index.ph...ndpost&p=49382

Attached Files

ZUP_v1.rar (6.9 KB, 236 views)

Kamyar, in regards to post 603, how are you determining your entry point. It looks to me like you are putting a buy stop or sell stop in the middle of the prz? Or are you determining your entry point based on a money management / r to r scenario based on the prz area (with stops) and the target area's? I am a bit curious. Fyi, i think you know this, but i look for a reversal bar at the prz and then simply place an entry and stop based on the reversal bar. Would love to hear some feedback. Keep up the good work.

hi sailor
i use the 0.382AD and 0.618 AD as the 1st and 2nd potential targets.according to the trend and timeframe we can go for larger targets
thanks

__________________
We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
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wow fantastic
kamyar
good position with garte chance
have never seen a sharp movement like this.after hitting your estimated PRZ
it went far above
u r luky man!!!!!!!!!!

If you are talking about ZigZag with Pesavento numbers indicator so I am not an author of this indicator.

I translated all the comments inside the code changing Russian comments onto English and posted it as well here http://www.forex-tsd.com/21272-post573.html
So the comments and translated indicator are here.

Author of this indicator is nen.

hi nen
nice job.would u mention that what is the diffrence between this last version of the indicator and the one that newdigital has posted earlier(ZUP_Beta4). u r the coder of this indicator and it would be nice that u clarify this matter.
thanks for sharing.
kamyar

__________________
We often borrow from our tommorrows to pay our debts to our yesterdays.
As always, who knows!?!.Let see what will happen....
-------------------------------------------------

Just a quick update for everyone following this thread- my gbp/jpy and chf/jpy shorts are doing marvelous today- not often you can be short on gbp/jpy without worrying about it. Almost a shame for those that havn't fully understood the power of these patterns. I've experimented and think that the 4hr and daily charts are going to be the main setups I follow once a reversal candle has closed, not sure on setting a target point and will just use standard oversold reading to enter again when a reversal candle appears. Think this method is the mutt`s nuts, and when I do buy my first yacht I'm going to name it the butterfly. Keep up the good work everyone, we are onto a real winner here.

Shortwhat
Proud member of the lepidopterist society

Shortwhat nice to hear :-) .... JPY looks interesting all over the place also CHF looks like worth paying attention too


does any know where to find more data for weekly and monthly charts ? the data feed is very poor :-(


sailor