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PriceActionSwing discussion
Started:November 23rd, 2009 (11:23 AM) by dorschden Views / Replies:392,853 / 1,346
Last Reply:December 7th, 2016 (10:04 AM) Attachments:423

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PriceActionSwing discussion

Old May 20th, 2012, 12:05 PM   #431 (permalink)
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Royal Flush View Post
This is an excellent question Dee50 as Dorschden says this is the one setting that should be adjusted "here and there". I have also searched the thread for an answer but have not found any. I wonder if Dorschden or an experienced user could address this question and provide guidelines as to how this setting should be adjusted to optimize the indicator? I use it on 4 tick & 5 min 6E & NQ charts.

I use a setting of 10....for all timeframes....it catches most (a) (b)and (c) swings...just have to watch out for false patterns before swing (c) occurs...then just reverse the trade

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Old June 8th, 2012, 02:20 PM   #432 (permalink)
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I have recently started using this indicator...

Well, actually, I've been using it for a while and recommending others use it. What I have been doing of late is this:

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See the volume on the swings I've circled. This is something I never thought of using and it is quite interesting to watch. Certainly in terms of distinguishing those pullbacks that are more driven by lack of liquidity than opposing market orders coming in in volume.

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btw - the yellow dotted line on there is the last price - don't think it's something magic! (doesn't lag though... )

Using the swing volume and the ticks to help me define my bias. I've been watching this for a few weeks and it's been quite interesting. Especially on days where the Cumulative Delta is quite flat. For most of today it's been very flat. I like to see 10k swing in delta on a good price swing, then a small delta shift on the next opposing swing. That gives me confidence to follow the direction of the first swing.

That sort of strength/weakness would be hard to track using the CD on lower volume days.

I was going to make a change to this indicator for my own use but I didn't look at doing it yet and I actually think this might be something the standard indicator could use.

Theare are times between plotting the last swing where there is no information about the swing in progress (which of course could end up being an extension of the prior swing)

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In this case, we can see a red circle around some price action that is occurring after the last swing has plotted. In my case, the pertinent information I'd like to know at this point is what is the tick change & volume of the action since that last swing was plotted.

Is this a candidate for the standard indicator? Anyone else see the benefit?

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Old June 9th, 2012, 09:29 AM   #433 (permalink)
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Great observations,DionysusToast.

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Old June 9th, 2012, 03:27 PM   #434 (permalink)
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i know im missing it in the settings but is there a way to turn off the plot of the zigzag line on the chart totally?

dont believe anything you hear and only half of what you see

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Old June 9th, 2012, 04:47 PM   #435 (permalink)
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madLyfe View Post
i know im missing it in the settings but is there a way to turn off the plot of the zigzag line on the chart totally?

In NT turning elements on charts off can always be done by setting colour to transparent, and maybe also disabling the price marker.

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Old June 9th, 2012, 07:57 PM   #436 (permalink)
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madLyfe View Post
i know im missing it in the settings but is there a way to turn off the plot of the zigzag line on the chart totally?

Hi @madLyfe,

Yes this can be done by going to the indicators options menu and under "Swing Values" choose the drop down menu "swing visualization type" and choose dots. This will remove the zig-zag line plotting. Attached is a screenshot which shows the option location.

Hope that helps,

Sean

Attached Thumbnails
PriceActionSwing discussion-pa-swing.jpg  

Last edited by trade65; June 9th, 2012 at 08:02 PM. Reason: fix format
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Old June 9th, 2012, 09:25 PM   #437 (permalink)
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i was wondering what was going on here with these values on the waves?

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and a second question, is it possible to show the volume of the wave at the bottom like weiswave does? i know there in an indicator for weiswave here on the forums that @Zondor cleaned up a bit but still causes my NT to crash.

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Old June 9th, 2012, 10:59 PM   #438 (permalink)
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cory View Post
Hi @dorschden I try to draw swing volumes but some of them are missing I can't find them?

hey @cory, does this do what im suggesting in the above post ^^^^^ about the zigzag wave volume at the bottom like the weis wave indicator?

https://futures.io/ninjatrader/1272-priceactionswing-discussion-44.html#post229501

thanks for your support

i was also noticing that it doesnt plot the volume in some areas.. i kinda picked up on the conversation halfway through..

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Old June 10th, 2012, 02:07 AM   #439 (permalink)
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madLyfe View Post
i know im missing it in the settings but is there a way to turn off the plot of the zigzag line on the chart totally?

You'd be better off switching off the price and leaving just the zigzag on...

In fact - that's what I was doing but I found I had to put the price back in because of the lack of 'current swing' info.

Anyway I hacked the crap... errr, I mean made some mods to the indicator...

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As you can see we are 4 ticks up & 3336 contracts from the last swing low. So I don't need prices on the chart again. Phew.

It's a bit of a hack, not sure what to do with it now... This is not my code, so I don't want to amend the original & release it....

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Old June 10th, 2012, 01:16 PM   #440 (permalink)
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madLyfe View Post
i was wondering what was going on here with these values on the waves?

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and a second question, is it possible to show the volume of the wave at the bottom like weiswave does? i know there in an indicator for weiswave here on the forums that @Zondor cleaned up a bit but still causes my NT to crash.

Me too can you explain briefly how you are using what you see please

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