Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
The idea is to visualize long-term patterns, so that to be prepared for a major move. Another idea was to combine different timeframes on one picture, but instead I just added new indicator windows with different settings.
formula: indicator(n) = price(n) / price(n-Separation)
Separation = {1,5,8,13,21,34,55,89,144,233,377}
so basically I'm calculating ratio of current H,L,O,C and it's previous value (each separately), and draw 4 lines out of those. Then I add another indicator window, but this time Separation is the next value from the Fibonacci set. When we see an array of indicators, sometimes very vivid patterns can be observed. Patters are built from sign on the indicator chart, which are placed there, when current value is either below (green, buy soon) or above (red, sell soon) the empirically defined levels. I believe patters can be tweaked playing around with those levels.
So below are my screenshots with the evident patterns.
Last edited by Aleksandr Nevskiy; 04-09-2007 at 08:20 PM.
nice indication. though, doesn't the expression of "indicator(n)=price(n)/price(n-separation)" mean that you plot, at bar "n", a value that is obtained by looking at a future bar, which is "separation" bars in the future of bar "n"?
Perhaps you meant to use "+" instead of "-"? (I'm fairly sure that your MT4 does not provide many bars in future of bar 0 )?
nice indication. though, doesn't the expression of "indicator(n)=price(n)/price(n-separation)" mean that you plot, at bar "n", a value that is obtained by looking at a future bar, which is "separation" bars in the future of bar "n"?
Perhaps you meant to use "+" instead of "-"? (I'm fairly sure that your MT4 does not provide many bars in future of bar 0 )?
nono, it's not like that.
if we have 1,2,5,7,8,2,4,6 sequence then we go like this:
2/1, 5/2,7/5,8/7,2/8,4/2,6/4
where "Separation" is a positive number, and "pos" is the bar index.
So for pos=0, you will get pos-Separation < 0. E.g. Close[0]/Close[-4] (if Separation=4) which thus refers into the future. Separation=4 is of course meaningless except for bars 4 and up, but the result is anyhow that every bar is painted by using a number that refers into the future of it.
It may still be a "good indicator" visually, of course.
)?
Linear Mode
