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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
Last edited by Foreverold; 04-28-2006 at 03:51 AM.
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.
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.
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.
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?
any luck with bottom detection?
Linear Mode
