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Quote:
hi simba.... how to apply this method? isn't use fibonacci fan if im not mistaken>..
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Technical Trader ![]() please teach me how to trade like you ![]() [center] |
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Hi Simba,
Thanks for the nice thread. Trying to be 100% clear on the pattern parameters you just described for the MSH. Please correct me if I am wrong. So, in effect, we are looking for higher CLOSE followed by higher CLOSE followed by lower CLOSE as the setup... is this correct? The "higher high of close" terminology is throwing me a bit.... Best, Scott |
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clear
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, since you have an image just in front..then I checked with the author just in case and he confirmed.All the images shown have also higher highs,but the author specifically said that the pattern is made by the closes,not the highs. My personal opinion...I wouldnґt trade any pattern that didnґt have,in addition to the closes,at least a high and a higher high... Same concept and comments apply to MSL. This week I am being extremely busy,will try to post,at least some examples of new patterns.
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Somos mortales hasta el primer beso..y la segunda copa de vino
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Simba, can you try to translate MSH and MSL patterns definitions to mql4?
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SignalsBG - development of trading tools for Metatrader |
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If i understend correctly this indicator show these patterns or No?
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SignalsBG - development of trading tools for Metatrader |
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code
Quote:
By looking at your code I would say not so,and by looking at the indicator I would confirm,I modified from 500 to 50,to have more visual examples..there are several msh and msl that are not arrowed..and some arrows that are neither pattern //============================================== MSH[i]=EMPTY_VALUE; int barH1 = iHighest(NULL, 0, MODE_CLOSE, 500, i+4); int barH2 = iHighest(NULL, 0, MODE_CLOSE, 500, i+3); if (barH1==i+4 && barH2 == i+3 && Open[i+2] > Close[i+2] && Close[i+1] < Close[i+2] ) MSH[i] = High[i]+ 5*Point; //============================================== MSL[i]=EMPTY_VALUE; int barL1 = iLowest(NULL, 0, MODE_CLOSE, 500, i+4); int barL2 = iLowest(NULL, 0, MODE_CLOSE, 500, i+3); if (barL1==i+4 && barL2 == i+3 && Open[i+2] < Close[i+2] && Close[i+1] > Close[i+2] ) MSL[i] = Close[i]- 5*Point; I would say..MSH would be : Close(i+1)<Close(i+2)&&Close(i+2)>Close(i+3)...and then you have to code that "New Highs" issue..for the closes and for the highs...not necessarily among the last 500 bars...inverse for MSL..Anyway I am not a coder .Thanks for your interest,I believe we can codify some of the patterns. Will try to post my idea for a code of MSH,MSL...probably on Monday,and you can check it .
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Somos mortales hasta el primer beso..y la segunda copa de vino
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I bought this book and it is GOLD!
I probably won't use all the patterns but the ones I have looked at seem to work very well.(Iuse some at sup/res areas) Simba, I am curious about hte fractal pattern(5 bar)...one of the examples in the book doiesn't seem to match the description(page 68 to be exact) |
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Iґm thinking we need a Zig Zag indicator with one more feature: How many section back? 3-5-8
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