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PriceActionSwing discussion
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PriceActionSwing discussion

  #1301 (permalink)
Trading Apprentice
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any one up for the challenge @Fat Tails

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  #1302 (permalink)
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Why the Average of last 10 swings?


aotegaoteg View Post
can someone code this idea into this indicator
it would be nice to have this indicator, display a "total Average of the last 10 swings" that has occurred in points or pips
i dont want to use an ATR indicator to measue the price range
but it would be nice to see if this PriceActionSwing indication can calculated an Average of the
swing range of the last 10 swings or more for Targets..
let us know if this is possible of is there an indicator out there that can do this

Just curious, why the last 10 swings?
On a fast chart that might be less than 30 minutes in time.
Which is not a very big sample to extrapolate any useful information from.

Did you mean the last 10 days?
Might be a better sample to go a little further also? Maybe compare 10 days average to 30 days average, see if there is an "expansion" or a "contraction" between the short term and longer term averages?


The information is already available to the indicator as suggested in the earlier post regarding this subject.

This example calculates the Average length [size] of the rotations, using the Lookback days setting in the Data Series of the chart [say 15 days minus weekends = 11.8 Days] on a 3 Minute Chart.

as 22 ticks is the Average rotation length out of a total of 702 over 11.8 days.

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Last edited by TopGunNote; May 13th, 2016 at 05:19 PM. Reason: Clarification
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  #1303 (permalink)
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i meant an average sum of the past price swings, which can be displayed in points or pips
it doesnt have to be 10days can be more
depending on the user input..

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  #1304 (permalink)
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canton mi
 
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TopGunNote View Post
Just curious, why the last 10 swings?
On a fast chart that might be less than 30 minutes in time.
Which is not a very big sample to extrapolate any useful information from.

Did you mean the last 10 days?
Might be a better sample to go a little further also? Maybe compare 10 days average to 30 days average, see if there is an "expansion" or a "contraction" between the short term and longer term averages?


The information is already available to the indicator as suggested in the earlier post regarding this subject.

This example calculates the Average length [size] of the rotations, using the Lookback days setting in the Data Series of the chart [say 15 days minus weekends = 11.8 Days] on a 3 Minute Chart.

as 22 ticks is the Average rotation length out of a total of 702 over 11.8 days.


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Where's that setting at or is my version old ?

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  #1305 (permalink)
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Futures Edge on FIO
this function isnt in the PriceActionSwing indicator
im asking if anyone can code it in

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  #1306 (permalink)
Elite Member
canton mi
 
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aotegaoteg View Post
this function isnt in the PriceActionSwing indicator
im asking if anyone can code it in

I was referring to the pic in top guns post. But I'm also interested in your idea as well.

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  #1307 (permalink)
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aotegaoteg View Post
can someone code this idea into this indicator
it would be nice to have this indicator, display a "total Average of the last 10 swings" that has occurred in points or pips
i dont want to use an ATR indicator to measue the price range
but it would be nice to see if this PriceActionSwing indication can calculated an Average of the
swing range of the last 10 swings or more for Targets..
let us know if this is possible of is there an indicator out there that can do this


Could be done. Indicator attached shows swings highs and lows.

Only think that needs to be added is the calculation of the average size of a swing.

Example is calculated from average size of both upswings and downswings.

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  #1308 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,539 since Mar 2010
Thanks: 4,215 given, 24,932 received


aotegaoteg View Post
can someone code this idea into this indicator
it would be nice to have this indicator, display a "total Average of the last 10 swings" that has occurred in points or pips
i dont want to use an ATR indicator to measue the price range
but it would be nice to see if this PriceActionSwing indication can calculated an Average of the
swing range of the last 10 swings or more for Targets..
let us know if this is possible of is there an indicator out there that can do this


Could be done. Indicator attached shows swings highs and lows.

Only think that needs to be added is the calculation of the average size of a swing.

Example is calculated from average size of both upswings and downswings.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

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  #1309 (permalink)
Trading Apprentice
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Futures Experience: Advanced
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Posts: 14 since Dec 2014
Thanks: 2 given, 5 received

excellent can this be coded onto the indicator pls
including the option for user-input

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  #1310 (permalink)
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dorschden View Post
Good suggestions and I'm already working on a statistic add on with almost the same stuff you mention. There is the average up-/down swing length and duration in bars and the same for the last x swings. Furthermore I differ this in up trends with higher high/low and down trends. An with this values I plan to visualize an exit area, so it should be possible to enhance the exits.

It is not so much work, but at this moment I'm very busy and next week I'm on vacation. So I can release the statistic primary in some days.

Hi There,

Was curious if you had plans to create a Sierra version?

Thanks,
Dion

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