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PriceActionSwing discussion
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Created: by dorschden Attachments:470

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PriceActionSwing discussion

  #201 (permalink)
Identify Evaluate Execute
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Swing Bar Limitation Question

Thanks Dorschden. I will try that out.

There was one other issue I had some questions and will illustrate with the attached chart. The red down arrows at around 8 am on the 28th show short signals based on the price action lower low being valid and other signals. I am using the formula based on the older version:

priceSwingRel[0] ==-1

Now the swing continues downwards after hours where you see 3 red arrows at the swing low point (-30.5 point swing and 17 bars). Exhaustive testing suggests entering too late into the trend reduces the probabilities of a winning trade significantly. This charts shows entries at bars 14, 15 and 16 as per the 3 down arrows which is too late for this NQ instrument. We can see in the statistics at the bottom that the average swing length is 9 bars down. What I would like to do is have a filter that limits the signal based on the number of bars that have elapsed in the swing so in this case it would be something like:

if priceSwingRel[0] ==-1 && swing bars elapsed <9. Assuming you require 5 bars for a valid swing that leaves another 4 bars to play with. In the attached chart this would eliminate those 3 signals. Any ideas on how to achieve this would be appreciated.

Cheers
DJ





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PriceActionSwing discussion-swing-issue-nq-06-11-10-betterrenko-3_29_2011.jpg  
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  #202 (permalink)
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djkiwi View Post
What I would like to do is have a filter that limits the signal based on the number of bars that have elapsed in the swing so in this case it would be something like:

if priceSwingRel[0] ==-1 && swing bars elapsed <9. Assuming you require 5 bars for a valid swing that leaves another 4 bars to play with. In the attached chart this would eliminate those 3 signals. Any ideas on how to achieve this would be appreciated.

There are no public swing values, so you can't access the bar number of the swing high/low outside of the indicator.

dorschden

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  #203 (permalink)
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Dorschden,

Is it possible modify code to add an audio alert for say a Double Top or Double Bottom on Price action swing indicator?

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  #204 (permalink)
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Hi Dorschden and guys,

I wanted to install the indicator for NT6.5 but wen I entry on NTs website to install the NT7 it said that I need Windows 7 but I have Windos Vista. Is there anyway to install it without having Windows 7?

Thank you Dorschden for such a good work.
Felix


Last edited by Felix trader; April 8th, 2011 at 03:31 PM.
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  #205 (permalink)
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Just Import It

It should work, no matter what version of windows you have. Windows 7 is windows Vista (upgraded).

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  #206 (permalink)
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Felix trader View Post
Hi Dorschden and guys,

I wanted to install the indicator for NT6.5 but wen I entry on NTs website to install the NT7 it said that I need Windows 7 but I have Windos Vista. Is there anyway to install it without having Windows 7?

Thank you Dorschden for such a good work.
Felix


The main reason Vista is not suggested it's because it's not an high performance OS.

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  #207 (permalink)
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Do you have for Multicharts?

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  #208 (permalink)
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bomberone1 View Post
Do you have for Multicharts?

no.

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  #209 (permalink)
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Statistics

Hi Dorschden

Thanks again for posting the update. I had so many indicators linking to this one that the changeover from version 1 to 2 took so long to complete. Once installed I discovered a problem which not sure how to fix.

When I set the statistic to "bottom" or anything else, the statistics box is not showing up like it did with version 1. I am using the latest .4 version. I notice the priceactionswingrelation file is no longer used so not sure and has been updated with the new priceactionswingtrend indicator.

Any ideas would be appreciated

Cheers
DJ

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  #210 (permalink)
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Trafford View Post
Is it possible modify code to add an audio alert for say a Double Top or Double Bottom on Price action swing indicator?

Trafford,

Yes this is possible. You can use the following code for this. Add the two variables in the variables region and the rest of this code in the end of the OnBarUpdate function (didn't test it, but something like this should do the trick):

 
Code
                            
private bool noDb true;

private 
bool noDt true;

// Search for new highs
if (trendDir == 1)
{
  
// Reset noDb to true, because in an up slope no DB can find
  
noDb true;
  
// Check if the sound file is already played in this up slope
  
if (noDt)
  {
    
// Check for DT
    
if (curHighRelation == Relation.Double)
    {
      
// Set a bool variable, to avoid sound file playing at every bar in the up slope
      
noDt false;
      
// Play the sound
      
PlaySound("Enter sound file name here");
    }
  }
}
// DB vice versa
else if (trendDir == -1)
{
  
noDt true;
  if (
noDb)
  {
    if (
curLowRelation == Relation.Double)
    {
      
noDb false;
      
PlaySound("Enter sound file name here");
    }
  }

dorschden

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