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Thanks 50 for your posts; they have been quite helpfull.
You mentioned earlier...
Quote:
They admit that you must fine-tune the ZUP Indicator to each currency pair. That comes as no surprise and I hope that many people here already knew this.
Perhaps we should complile a list of each currency pairs primary harmonic numbers. It seems certain pairs vibrate to certain numbers more frequently than others. Has anyone else noticed this. Any thoughts would be welcome.
The static and dynamic pitchforks of Andrews are made. (I think he means fixed.)
Parameters:
ExtPitchforkStatic > by 0 (=1) are derived Andrews's pitchforks from the extremum Of zigZag with the number Of extPitchforkStaticNum.
3<ExtPitchforkStaticNum< =9
ExtPitchforkStatic=2- additionally are derived 50% median
ExtPitchforkDinamic > by 0 (=1) are derived the dynamic pitchforks of Andrews from the last two (from the right edge) extrema Of zigZag.
ExtPitchforkDinamic=2- additionally are derived 50% median
ExtPitchforkS and ExtPitchforkD the color of static and dynamic pitchforks is assigned.
ExtFiboCanal - solves conclusion [fibo] of channels along Andrews's pitchforks.
ExtFiboCanalBase - are moved away the guides of [fibo]- channel.
I believe that ZUP works best depending on the trading conditions. When the market is trending nicely, I use minSize=12. During range-bound times, I use minSize=8.
I came up with these numbers because that is what makes me feel comfortable.
The market has been range-bound lately because of The Feds, however, pips are still out there to be collected.
Sometimes its better not to take the trade. I took a quick scalp when the move hit the 1.41 level, because it was harmonic to the .707. It was good for a few pips, but it was clear that the Euro had to much momentum to retrace significantly so I bailed with a few pips in the basket. I wonder where this move will end. I don't think I will trade against this impulse move without further confirmation.
ZUP Indicator - Version 28
What are your settings?
Linear Mode
