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That solved my problem. Thanks again. I wanted to note have you noticed how accurate the zigzag pointer and zigzag1 shows the next move before it even happens!
Thats the idea, but unfortunately it will repaint itself. As the day goes on the zigzag will be breached and repaint a new line and appear on the chart as a bounce off the ema line.
I use the zigzag1 (blue dotted line) as a heads up to exit a trade with max pips at that current time, that way I am not giving back house money that is now MINE.
I also use the zigzag1 (blue dotted line) as a stop loss on an entry that is triggered by the ema line going from red to blue and vice versa.
unlike cmc where you dig a hole (and rather than stop digging) you go out and buy 4 more shovels - much cheaper to bail when the zigzag1 (blue dotted line) is breached. (thats another pint he owes me :-)
Having said that I really like the zigzag1 Blue dotted line (40,5,5) together with the ema (4,9,18) line on the H4 chart - but that is just my own personal choice. btw that blue dotted line has swung 23 times this year on an H4 chart with an average of 537pips. Don't take my word for it, simply scroll back and count them yourself.
I follow the tread and all the postings (it is getting big)with interest but I as I think others are finding it hard to keep up with all the different updates. The mixture of lines and ovtaves makes it even harder.
I wondered if it would be worth all the programmers such as yourself to use the front page of the thread to keep the latest issues for both systems, it could save time in answering repeated requests for the latest version and what the change is. Could also post links to reference material and how to trade the systems.
Hope you do not mind me saying this but I saw it on the ICWR thread and it seemed a good idea and easy to find.
All the best to all for the weekend and also just wanted to say what a great thread this is and as many others have said the giving of you time and knoweledge is appreciated.
I use the zigzag1 (blue dotted line) as a heads up to exit a trade with max pips at that current time, that way I am not giving back house money that is now MINE.
Xard777
Can you elaborate a little on how you exit. I watched the line and the arrow and as you say it keeps repainting and moving with the bars so I don't quite understand how it gives the exit point
Thats right, it's an octave (static lines) ony a timeframe's lines change depicting the high/low of the specific timeframe.
An Octave is fixed...ie Master square 100
1st octave 100, 87.5, 75, 62.5, 50 etc...
octave down would be 100...87.5 or 87.5...75 or 75...62.5 etc...
I know ppl like using timeframes but the fractals used are wrong (and currently working to correct that)
In the mean time stick with xchartmm for timeframe.
You will see a close similarity with the static octaves in ver8 and xchartmm
Xard777
hi Xard777 you are doing an excellent job here keep it up.
i just have a few questions to ask you about the octave indicators. am i right in saying the the v8 octave is based on octaves v4 not v5 so the scaling is not correct?
also can you tell me which scaling coressponds to which master square, i think each scale represents the master square for murrey math lines. i think daraknor stated in an earlier post that scales 1,8,64,512,4096 are used in version five. which scales equates to which master square? for example 100, 1000, 10000.
finaly is possible for the ocatves indicator to have a bigger range? what i mean by this is that we only see the 0/8 to 8/8 lines of the current octave but seeing that they are static lines maybe we can show the octaves below and above the current square. i know there will be a lot of lines but it will be great for backtesting!! (and forward testing) i think that would be an excellent modifications.
any ways a lot to all the people here.
bye
hi Xard777 you are doing an excellent job here keep it up.
i just have a few questions to ask you about the octave indicators. am i right in saying the the v8 octave is based on octaves v4 not v5 so the scaling is not correct?
also can you tell me which scaling coressponds to which master square, i think each scale represents the master square for murrey math lines. i think daraknor stated in an earlier post that scales 1,8,64,512,4096 are used in version five. which scales equates to which master square? for example 100, 1000, 10000.
finaly is possible for the ocatves indicator to have a bigger range? what i mean by this is that we only see the 0/8 to 8/8 lines of the current octave but seeing that they are static lines maybe we can show the octaves below and above the current square. i know there will be a lot of lines but it will be great for backtesting!! (and forward testing) i think that would be an excellent modifications.
any ways a lot to all the people here.
bye
ok...enc #MM-Octave v9.mq4 - should work fine in all markets. (let me know if it does'nt)
to change the scale simply right click on screen, choose indicator list, double click on #MM-Octave v9 and change default scale 64 to 8 (bigger lines) or 512 (smaller lines) scale input settings courtesy of daraknor.
I follow the tread and all the postings (it is getting big)with interest but I as I think others are finding it hard to keep up with all the different updates. The mixture of lines and ovtaves makes it even harder.
I wondered if it would be worth all the programmers such as yourself to use the front page of the thread to keep the latest issues for both systems, it could save time in answering repeated requests for the latest version and what the change is. Could also post links to reference material and how to trade the systems.
Hope you do not mind me saying this but I saw it on the ICWR thread and it seemed a good idea and easy to find.
All the best to all for the weekend and also just wanted to say what a great thread this is and as many others have said the giving of you time and knoweledge is appreciated.
Regards SP
I second that. Maybe a thread specific for trading journal of a method (and no replies allowed) with pics would be neat and helpful.
Keep up the great work Xard (and all programmers who have contributed to this thread). Maybe we confused a bit, but we love your every creation and ideas.
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