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PriceActionSwing discussion
Started:November 23rd, 2009 (11:23 AM) by dorschden Views / Replies:391,595 / 1,343
Last Reply:December 1st, 2016 (04:53 AM) Attachments:423

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PriceActionSwing discussion

Old January 6th, 2012, 01:00 PM   #401 (permalink)
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priceaction swing relations


mystiq View Post
priceaction is priceless....

can anyone agree that Higher Highs are better to trade SHORTS than Lower Highs?

**i personally find Higher Highs to be the best SHORT candidate**



........BUT is there a particular setting to use in market analyzer to ONLY return "priceaction swing

relations"(hh,hl,lh,ll,dt,db) that occured within the last 2-3days? for instance...a higher high occuring 4 days

ago is of no interest to my particular style of trading...but if it occured within the last 2 days, I would want to

see the signal... can anyone provide some info on how to recognize this in market analyzer?

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Old January 11th, 2012, 06:58 PM   #402 (permalink)
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settings

Could you show an image of the setting values for this indicator, Ive got the latest version but the image you show is diferent.
And can you explain the diferent setings?
THKS

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Old January 22nd, 2012, 04:18 PM   #403 (permalink)
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price action



osky1 View Post
Could you show an image of the setting values for this indicator, Ive got the latest version but the image you show is diferent.
And can you explain the diferent setings?
THKS


I am using the settings provided in the attached pic...and looking for some answers also...

when SWING VOLUME is set to Relativ, does ?it displays the relative volume for the current swing AS compared to the relative volume of the LAST swing?
021M -- ?meaning total RELATIV volume?

when SWING PERCENTAGE is set to True, what does ?it represent? volume?
105.6% -- ?meaning RELATIV volume increased by that amount?

when SWING LENGTH is set to Price_and_Points, what does the "Points" represent?
426.7 / 72.46 --?meaning?

Attached Files
Register to download File Type: docx priceaction2.docx (808.7 KB, 244 views)
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Old January 23rd, 2012, 08:51 PM   #404 (permalink)
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when SWING VOLUME is set to Relativ, does ?it displays the relative volume for the current swing AS compared to the relative volume of the LAST swing?
021M -- ?meaning total RELATIV volume?

when SWING PERCENTAGE is set to True, what does ?it represent? volume?
105.6% -- ?meaning RELATIV volume increased by that amount?

when SWING LENGTH is set to Price_and_Points, what does the "Points" represent?
426.7 / 72.46 --?meaning?

.....thx was able to re-READ thread and saw answers

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Old February 1st, 2012, 10:18 PM   #405 (permalink)
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Old February 2nd, 2012, 09:42 AM   #406 (permalink)
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Swing Size settings

I know that this has been around for a while and there may be no one watching but if there is! but I have just downloaded this indi so have no experience of it, I have looked thru the thread but can not find any information with regard to my question.

Could someone tell me please, the swing size default is set at 7, what time frame is this optimised for.

I have played around with it, just a little, and I have found that reducing this number to 5 for a five minute chart and 2 for a one minute chart appears to match the actuall swings at these time frames better.

Has anyone else any experience of this and if so could you tell me what swing size you use.

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Old February 2nd, 2012, 11:03 AM   #407 (permalink)
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dee50 View Post
I know that this has been around for a while and there may be no one watching but if there is! but I have just downloaded this indi so have no experience of it, I have looked thru the thread but can not find any information with regard to my question.

Could someone tell me please, the swing size default is set at 7, what time frame is this optimised for.

I have played around with it, just a little, and I have found that reducing this number to 5 for a five minute chart and 2 for a one minute chart appears to match the actuall swings at these time frames better.

Has anyone else any experience of this and if so could you tell me what swing size you use.

Hi, they will not tell you what time frame optimized for or anything, it is just an indicator given out as an indicator.
Like standard pivots indicator in Ninja.
One time frame one day, is different for the next day.
So it doesn't matter anyway.
You just have to play around more to find its use as a tool, I think its highlighting of higher highs/lows etc is a good handy tool.
But the rest is just eye candy, your eye deceiving you.

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Old February 15th, 2012, 06:43 PM   #408 (permalink)
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Price Action Swing indicator Analysis

Hi Guys. I think this indicator deserves it's award and would like to express my sincere thanks to Dorschden for this indicator. I'd also like to share some research which maybe of interest to some people to show other ways of using this indicator.

I've analyzed the data in detail for all of the instruments I trade and if you know how to interpret the data it can provide an edge. For example the attached spreadsheet shows an analysis of all of the swings of CL since the beginning of 2010. This is based on a 20 Better Reno Chart using a swing size of 7. Relevant details as follows:

1. The count shows the number of swings for each HH to HL and HH to LL etc. For example there have been 239 swings from HL to HH and 104 from HH to LL.

2 The mean is the mean swing in ticks. For example the mean for a HL to HH is 221 ticks.

3. The median is the one to use as most of the distributions are asymmetric so the median is more useful. The median is only 199 from a HL to HH compared to the mean of 221 ticks. This is because extreme swings can skew the distribution and mean whereas the median ignores these outliers.

4. The % is important as it shows the % probability of swings that occur. For example going from a HL to a HH has occurred 63% of the time which is in the favor of the trader.

5. The percentile chart shows the number of ticks at each percentile. So for example the HL to HH 50th percentile which is the median the figure is 199 ticks. So when I'm trading a 20 Better renko chart on oil I know that out of 239 swings half have been over 199 ticks and half below. So I know when the swing has progressed to 285 ticks I'm at the 80th percentile know that there have been only 20% of occurrences above this. Obviously you want to be out of the trade at this point.

6. The count table shows the number of swing at each percentile.

7 The bars show the average number of bars per swing. For example I know that going from a HL to a HH is about 12 bars. If I'm at 12 bars and the price has hardly moved I'm out.

Based on this research I have been able to utilize a framework that gives me some statistically significant parameters to trade within. The obvious drawback is the data only goes back to 2010. I have analyzed ES back to 2004 and found that although there was a variation in the results from 2004 - current compared to 2010 to current I didn't feel they were statistically significant.

Cheers
DJ

Attached Thumbnails
PriceActionSwing discussion-swing-cl-analysis.jpg  

Last edited by djkiwi; February 15th, 2012 at 07:31 PM.
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Old February 15th, 2012, 07:44 PM   #409 (permalink)
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djkiwi View Post
Hi Guys. I think this indicator deserves it's award and would like to express my sincere thanks to Dorschden for this indicator. I'd also like to share some research which maybe of interest to some people to show other ways of using this indicator.

I've analyzed the data in detail for all of the instruments I trade and if you know how to interpret the data it can provide an edge. For example the attached spreadsheet shows an analysis of all of the swings of CL since the beginning of 2010. This is based on a 20 Better Reno Chart using a swing size of 7. Relevant details as follows:

1. The count shows the number of swings for each HH to HL and HH to LL etc. For example there have been 239 swings from HL to HH and 104 from HH to LL.

2 The mean is the mean swing in ticks. For example the mean for a HL to HH is 221 ticks.

3. The median is the one to use as most of the distributions are asymmetric so the median is more useful. The median is only 199 from a HL to HH compared to the mean of 221 ticks. This is because extreme swings can skew the distribution and mean whereas the median ignores these outliers.

4. The % is important as it shows the % probability of swings that occur. For example going from a HL to a HH has occurred 63% of the time which is in the favor of the trader.

5. The percentile chart shows the number of ticks at each percentile. So for example the HL to HH 50th percentile which is the median the figure is 199 ticks. So when I'm trading a 20 Better renko chart on oil I know that out of 239 swings half have been over 199 ticks and half below. So I know when the swing has progressed to 285 ticks I'm at the 80th percentile know that there have been only 20% of occurrences above this. Obviously you want to be out of the trade at this point.

6. The count table shows the number of swing at each percentile.

7 The bars show the average number of bars per swing. For example I know that going from a HL to a HH is about 12 bars. If I'm at 12 bars and the price has hardly moved I'm out.

Based on this research I have been able to utilize a framework that gives me some statistically significant parameters to trade within. The obvious drawback is the data only goes back to 2010. I have analyzed ES back to 2004 and found that although there was a variation in the results from 2004 - current compared to 2010 to current I didn't feel they were statistically significant.

Cheers
DJ

Nice work!

I don't want to venture too far off-topic, but it reminds me of some of the homework here:

Investor/RT - Homework, Research, Statistics

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
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4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
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Old February 17th, 2012, 12:06 AM   #410 (permalink)
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David_R View Post
I don't know if there is a cs file or zip. The developer does not send it to me that way. He provides a link to down load the executable. I feel he is a reputable vendor. I think he has been around for some time and I've used other software created by him. If Mike says its okay to say the company name I have no problem saying who it is.

David

I've uploaded an updated version. The numbers appear on the price pane now, but I think there is an issue with the numbers matching the histogram. I may have made a mistake in loading this indicator prior to having the issues worked out, but since I started that way I thought I would just continue. If you prefer to wait, Ill let you know when things are working as intended.

https://futures.io/download/vip_elite_circle/page-1.html#linkid996

@David_R
Have appreciated your Wyckoff-related posts, thank you... occurred to me that Gabriyele's posting of a WeisWave indi for Ninja might be of interest < https://futures.io/elite-trading-journals/16622-price-action-journal-strategies-11.html#post190891 >

(fwiw, oddly, just noticed clicking on the link in your prior post no longer goes to your download as I think it once did.)

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