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I asked Cory who was kind enough to do that for me! He implemented into his indicator (created and developed in the Elite Circle forum) FIB retracements in progress, which is exactly the solution I was looking for. His indicator also draws upper and lower lines connecting the dots together.
I like your AB-CD solution a lot, because it plots the square (it gives less clutter).
Now, Cory was kind and posted that Elite Circle indicator in the Download area in order to have his code used, in order to get that if needed.
I'm assuming the square being plotted is the projected target area. If so, is the top of the square one of the pre-defined percentages while the bottom is another?
quick question...wonderful indicator! it does seem to be repainting itself (when bar move progressively higher/lower). is there anyway to prevent this? any insight would be appreciated!
happy 2010 everyone!
regards
quasar
It takes a long time for the new version, but I was in the vacation and after this I was very busy. But now the new version is ready. I uploaded it to the download section. (here).
I fixed some bugs in the standard version, now it works fine. For this reason I'll not support the ZigZag version any more. The new version have a nice statistic.
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Last edited by sam028; January 27th, 2010 at 07:24 PM.
Reason: add link
The following 6 users say Thank You to dorschden for this post:
the PriceSwingRelation data series with the information where price is in relation to the swings now works like it should and I add the statistic.
dnof ,
the swings become fix after the next low/high swing. The swing high is not fixed until the next swing low is find, because it is possible that the swing high rise higher.
George,
I added a fast Fibonacci retracement.
The following 3 users say Thank You to dorschden for this post:
the square is one of the possible entry areas for the AB=CD pattern. The targets can be set with the Fibonacci extensions.
pravadacorp,
it is not necessary that you are an elite member. You can download the indicator with Fibonacci retracements in the download section, a link to this is in the first post of this thread. In the Xtras section of the indicator you have to set Fib retracement to true.
quasar,
I fixed the repainting in the new version. Thanks for reporting. I mainly use range bars and this problem never happen with range bars, because it is not possible with them to get a new high and low within one bar.
bsargent,
a swing high is found, when the last x bars (Span parameter) are lower then the current bars high and for a swing low vice versa.
The following user says Thank You to dorschden for this post:
Great work, especially the statistical stuff. Me myself I'm not going to get any use of this version because I'm using the zigzag version of it. But I just wanted to tell you that your work is impressive.
We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now. Past performance is not indicative of future results.
/George
