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PriceActionSwing discussion
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PriceActionSwing discussion

  #1521 (permalink)
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sudhirc View Post
@dorschden

when the swing type is set to Ticks, and use close values to calculate the swing, is it possible to use the latest close (if more than one close happens to be on the same price. Please refer to pic. If it can be done i guess it could be done in PriceActionSwingBase.cs.


// CalculatOnBarClose == false
else
{
// Used to control, that only one swing is set for
// each bar
if (FirstTickOfBar)
swingCur.NewSwing = 0;

// No swing or an up swing is found
if (swingCur.NewSwing != -1)
{
// test if Highs[BarsInProgress][0] is higher than the last
// calculationSize highs = new swing high
//Sudhir
if (swingHigh.New)
{
if (highs[BarsInProgress][0] <
(swingLow.CurPrice + swingProp.SwingSize * TickSize))
swingHigh.New = false;
// Found a swing high
if (swingHigh.New)
swingCur.NewSwing = 1;
}
}

// No swing or an down swing is found
if (swingCur.NewSwing != 1)
{
// test if Lows[BarsInProgress][0] is lower than the last
// calculationSize lows = new swing low
if (swingLow.New)
{
if (lows[BarsInProgress][0] >
(swingHigh.CurPrice - swingProp.SwingSize * TickSize))
swingLow.New = false;
// Found a swing low
if (swingLow.New)
swingCur.NewSwing = -1;
}
}

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Thank you,

Hi,

May I know what are the "Swing size" and "Double top/bottom strength" parameter means?

Thanks in advance.

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  #1522 (permalink)
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Hi, it's 3.

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  #1523 (permalink)
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sudhirc View Post
Hi, it's 3.

Hi sudhirc,

Thanks for your reply. This is first time I saw this indicator. What you mean with '3' ?

What is the purpose of these two "Swing size" and "Double top/bottom strength" parameter?

Thanks in advance.

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  #1524 (permalink)
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@traderwen
Sorry, i taught you are asking about the swing size. The following link explains (please refer to post one for details)
https://futures.io/ninjatrader/1272-priceactionswing-discussion.html

Parameter:

Double top/-bottom strength:
Represents the double top/-bottom strength. Increase the value to get more double tops and -bottoms.

Swing size:
Represents the swing size. e.g. 1 = small swings and 5 = bigger swings. Which size you use depends on your trading style. There is no best setting for everybody.

Please go through the thread, a lot of valuable information can be found.

Sudhir

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  #1525 (permalink)
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@sudhir

Thanks for your reply. PriceActionSwing is a great indicator. Currently I use TradeStation to do my trading. Do you know any PriceActionSwing similarity indicator for TradeStation platform?

Thanks.

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  #1526 (permalink)
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@dorschden

Hello,

Is any one using NT8 PriceActionSwingPro indicator?

Please refer to the following pic, when selecting swing type to use Close values, it is working as intended in NT7, however the NT8 indicator is not doing correctly. I think it is using the high and low of the bars.
If anyone installed it on their end, can you check and see whether it is doing the same or am i doing some thing wrong.

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Thank you,
Sudhir

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  #1527 (permalink)
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By definition Gann Swings use the Highs and Lows.
If you select "Use Close" for Gann in NT8, it is ignored.

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  #1528 (permalink)
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@hallem, I understand, but i did not select Gann,

i want to use ticks - which is what i selected.

Thank you,
Sudhir

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  #1529 (permalink)
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The Swing type -> Ticks that you have selected is used to determine how the swing deviation will be calculated. Is it to be based on ticks, or percent, etc.

This is different from the Rules used to determine a Swing, for example, there are Gann Rules, Standard Rules, etc.
In the Swing Visualization section you most likely have Gann Swing selected (So it will use Gann Rules to determine Swings based on Ticks), select Standard (for example) in the Visualization Section

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  #1530 (permalink)
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Hi,
In the above post (#1526) if you look at the second pics you see that i selected "tick" not Gann.

byi......what i'm trying to point out is, with NT7 indicator - it does exactly what i wanted to plot with closes(please refer to pic in the above post. I would like to see the same thing in NT8

I will include some additional pics to clarify what i'm trying to say.

Thank you,
Sudhir

Hope i'm clear

Attached Thumbnails
PriceActionSwing discussion-tick-close.png   PriceActionSwing discussion-tick-without-close.png   PriceActionSwing discussion-standard-close.png   PriceActionSwing discussion-standard-without-close.png  
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