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PriceActionSwing discussion
Started:November 23rd, 2009 (11:23 AM) by dorschden Views / Replies:392,738 / 1,346
Last Reply:December 7th, 2016 (10:04 AM) Attachments:423

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PriceActionSwing discussion

Old November 23rd, 2014, 07:56 PM   #1121 (permalink)
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Colin 45

Hi Bruce,

Really appreciate your help...that was the way I had been trying to do but it just didn't seem to work. I then closed Ninja down and restarted and low and behold it was there....

Once again, thanks

Colin

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Old December 7th, 2014, 11:52 PM   #1122 (permalink)
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I have been trying to add in a minimum swing length but have not had any success. Does anyone know how to add that in?
Thanks, Gregg

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Old December 8th, 2014, 12:30 AM   #1123 (permalink)
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Hello Gregg,

I think this is what you are referring to !!

Aregon

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Old December 8th, 2014, 10:51 AM   #1124 (permalink)
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Aregon View Post
Hello Gregg,

I think this is what you are referring to !!

Aregon

In the Ninja indicator ZIGZAG there is a minimum deviation value that can be specified. This value is used to ignore small areas of balance and keep focus on the larger swing.

In this example there is a swing down from 65.79 to 65.40 with a 10 tick pullback. With a minimum deviation variable set to 11 ticks, the swing would be one continuous swing ignoring the 10 tick pullback. This needs to be done using the same strength setting so it would not work for me to use two charts with different strengths.

Any ideas how I can use a minimum deviation value to ignore the insignificant swings in a similar way that the ZIGZAG indicator does? The PAS indicator has gone so far past the ZIGZAG indicator but this one feature of ZIGZAG is very useful and I hope we can implement it here.

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PriceActionSwing discussion-zigzag.jpg   PriceActionSwing discussion-example.jpg  
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Old December 8th, 2014, 11:12 AM   #1125 (permalink)
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spikebuck77 View Post
In the Ninja indicator ZIGZAG there is a minimum deviation value that can be specified. This value is used to ignore small areas of balance and keep focus on the larger swing.

In this example there is a swing down from 65.79 to 65.40 with a 10 tick pullback. With a minimum deviation variable set to 11 ticks, the swing would be one continuous swing ignoring the 10 tick pullback. This needs to be done using the same strength setting so it would not work for me to use two charts with different strengths.

Any ideas how I can use a minimum deviation value to ignore the insignificant swings in a similar way that the ZIGZAG indicator does? The PAS indicator has gone so far past the ZIGZAG indicator but this one feature of ZIGZAG is very useful and I hope we can implement it here.

not sure exactly what you mean. there should be no problem for the pas indicator to replicate the zig zag indicator. blue line is zig zag with your settings (points, 0.5, false), and that matches perfectly the pas (labeled and dots):

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Old December 8th, 2014, 11:35 AM   #1126 (permalink)
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not sure exactly what you mean. there should be no problem for the pas indicator to replicate the zig zag indicator. blue line is zig zag with your settings (points, 0.5, false), and that matches perfectly the pas (labeled and dots):

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In this example the PAS is showing the swings with the dots and price/ticks. The zigzag is using the white lines. When the minimum deviation is set to .16 in zigzag, the 15 tick swing that is shown is ignored and the zigzag shows it as 1 large swing. The same thing can be done using the IRT charting package.

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PriceActionSwing discussion-zigzag2.jpg   PriceActionSwing discussion-newexample.jpg  

Last edited by spikebuck77; December 8th, 2014 at 11:45 AM.
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Old December 8th, 2014, 12:00 PM   #1127 (permalink)
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spikebuck77 View Post
In this example the PAS is showing the swings with the dots and price/ticks. The zigzag is using the white lines. When the minimum deviation is set to .16 in zigzag, the 15 tick swing that is shown is ignored and the zigzag shows it as 1 large swing. The same thing can be done using the IRT charting package.

and the same thing can be done with the pas:

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maybe I still don't understand what you're trying to say. every swing indicator needs a "minimum". after that "minimum" is reached, a potential swing high/low is possible. but NOT before.

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Old December 8th, 2014, 12:38 PM   #1128 (permalink)
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Silvester17 View Post
and the same thing can be done with the pas:

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maybe I still don't understand what you're trying to say. every swing indicator needs a "minimum". after that "minimum" is reached, a potential swing high/low is possible. but NOT before.

Thanks for trying to help.

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Old December 8th, 2014, 07:12 PM   #1129 (permalink)
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maybe a little example will clear up a few misunderstandings. I'm using a swing size of 8 ticks. that means as soon as the market moves 8 ticks from the last swing high/low, a new swing high/low will be shown.

example:

a new swing high (HH) is made at 2075.75. if the market would move up to 2077, this HH will also be moved to 2077 (btw that has nothing to do with repainting. that's called adjusting the current swing). if the market would move down, it needs to go at least (minimum) 8 ticks for a new swing low. that would be 2073.75

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now the market moved down 7 ticks. nothing happened yet. remember we need to go at least 8 ticks lower for a new swing low

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now the market moved finally down 8 ticks. that means a new swing low (HL) will be drawn

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the market continues to go lower. the new HL will be adjusted

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after reaching a new swing low of 2072.75, the market starts to move up again. no new swing high will be shown until we move at least 8 ticks from the last swing low. that would be 2074.75. if we would go to 2074.50, nothing would happen. we still would only see the swing low of 2072.75. and if we don't reach 2074.75 and instead start moving lower again, lets say to 2071, then the last swing low from 2072.75 will be moved to 2071. but in our example the market moved up to 2074.75 and therefore we made a new sing high (LH). and now the same game starts over again

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those are the very basic functions of this great indicator.


edit:

also worth mentioning is that new feature in pas pro. it's called swing switch. if enabled, it will draw a triangle on the chart, meaning a new swing has been established. this feature will not get adjusted/moved. so you can always see where exactly the swing change occurred

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Last edited by Silvester17; December 8th, 2014 at 11:20 PM.
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Old December 8th, 2014, 09:32 PM   #1130 (permalink)
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Would it be possible to add a Tick Editor to PriceActionSwingPro so the Swing Size could be altered directly from the chart ??
Any help would be greatly appreciated !!

Thanks,
Aregon

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