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Old 04-28-2006, 02:49 AM
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Reversal Bars
I'm starting to like these zig zag indicators, wolf waves, harmonic indicators by ShadowWz, and others, so here is my contribution a reversal bar indicator.
this is still in development, and seems to pick out the highs very well.

I'm still working on getting the lows

the timeframe does not seem to matter, but the higher timeframe the more accurate it will be ( time wize)

What you will be looking for is the red vertical line.

enjoy
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File Type: ex4 Targets03.ex4 (11.7 KB, 592 views)
Last edited by Foreverold; 04-28-2006 at 02:51 AM.
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Old 04-28-2006, 03:15 AM
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Thanks, foreverold this indicator seems to be very useful
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Old 04-28-2006, 03:24 AM
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btw the finalility will be the bottomization of this wonderfui indicator.Thank again.
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Old 04-28-2006, 05:21 AM
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ForeverGold,

ZigZag repaints the past.

All/Most of the red lines on your chart, except for the current one, would NOT have been there in real time.

Keris
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Old 04-28-2006, 08:36 AM
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Quote:
Originally Posted by keris2112
ForeverGold,

ZigZag repaints the past.

All/Most of the red lines on your chart, except for the current one, would NOT have been there in real time.

Keris


u are right keris another disappiontment.
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Old 04-28-2006, 11:56 AM
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Somewhat repaints the past.
It uses the Zig Zag to help find Fibonacci points. The vertical lines are the turning points, the horizontal are fib targets where price may stop.
So far still in testing.
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Old 04-29-2006, 03:06 PM
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ZigZag indicator family don't work for me. I think they're all useless.
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Old 04-29-2006, 08:17 PM
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Thanks,
Quote:
Originally Posted by Foreverold
I'm starting to like these zig zag indicators, wolf waves, harmonic indicators by ShadowWz, and others, so here is my contribution a reversal bar indicator.
this is still in development, and seems to pick out the highs very well.

I'm still working on getting the lows

the timeframe does not seem to matter, but the higher timeframe the more accurate it will be ( time wize)

What you will be looking for is the red vertical line.

enjoy
Dear Foreverold,

Thanks, this looks like a good indicator. I think it's got a line on the current bar all the time. So It's hard to tell if that is the highest bar or the next one will be higher. I think addition of fibo levels made by Shadow will help determine the high better.

What do you think?
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Old 04-29-2006, 08:34 PM
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Quote:
Originally Posted by Foreverold
I'm starting to like these zig zag indicators, wolf waves, harmonic indicators by ShadowWz, and others, so here is my contribution a reversal bar indicator.
this is still in development, and seems to pick out the highs very well.

I'm still working on getting the lows

the timeframe does not seem to matter, but the higher timeframe the more accurate it will be ( time wize)

What you will be looking for is the red vertical line.

enjoy
Hi

Do you have the source code ? I need it to try to embed in a EA.
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Old 05-05-2006, 02:28 AM
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Question any luck with bottom detection?
Quote:
Originally Posted by Foreverold
Somewhat repaints the past.
It uses the Zig Zag to help find Fibonacci points. The vertical lines are the turning points, the horizontal are fib targets where price may stop.
So far still in testing.
Hi ! Foreverold,

This looks like a good indicator.
Did you improove it to show bottoms?

Can you please post it?

Thank you.
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