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PriceActionSwing discussion
Started:November 23rd, 2009 (11:23 AM) by dorschden Views / Replies:392,211 / 1,345
Last Reply:December 4th, 2016 (10:10 PM) Attachments:423

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PriceActionSwing discussion

Old October 17th, 2012, 12:40 PM   #571 (permalink)
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Gann Swing Rules

@dorschden

I have a question regarding Gann Swing Rules . . .

my source for the rules are here . . . Gann Swings | Ensign Software Articles

From that source, it is my understanding that an OUTSIDE bar qualifies as an up bar if it closes above the high of the previous bar.

Please see attached pic where your indicator did not print a swing high . . . I am wondering if this might be a bug in the indicator or if the interpretation of the Gann Rules is incorrect ?

Thx, Rick

rickr

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Attached Thumbnails
PriceActionSwing discussion-gann-swing-rules.png  

Last edited by rickr; October 17th, 2012 at 01:14 PM.
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Old October 18th, 2012, 01:23 PM   #572 (permalink)
davidepalmer
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Reading the Price Action Swing Oscillator

Dear Dorschden,
Again let me thank you for myself and my many trading friends that have used PAS for a couple of years now for sharing your great indicator. Your new updates make a great indicator that much stronger and useful for our trading. We really like the PAS trend oscillator and its accuracy of trend swings it probably the most consistent that we have found and we find that it is usually a candle or 2 ahead of the the price action and the turn. We have been using it for about a week now and a question among some of us has come up as to how do we interpret the Volume numbers that are printed to the right of the PAS Vol oscillator when in the lower panel. Are these green and red volume numbers the current number of contracts in that particular swing trend and when do they reset. Also we are not sure how to interpret and use the current high and low lines that print near the base of the volume bars as they print. We would like to understand what they mean as they were written and any suggestions as to how you would use them to take and manage your trades would be helpful. Again thx for sharing an outstanding indicator now with an amazing oscillator. Please give us any additional information about what the volume numbers represent and how you are using them to trade. I look forward to your reply and also the next great additions that you are probably already working on to add to PAS.

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Old October 18th, 2012, 02:50 PM   #573 (permalink)
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bubbadirect View Post
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Hey CHEECH! Quick question for you. What are these symbols/indicators here (as noted by the red arrows)? They look kinda interesting to me.

Thank you,
bubbadirect

@bubbadirect, sorry for the delay getting back to you as I was unavailable for a while. They are the highs and the lows at the time of a change in direction from a proprietary indicator. They appear as a circle with a dot in it until the change in direction occurs then it changes to an "*".


Last edited by Cheech; October 18th, 2012 at 02:56 PM.
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Old October 19th, 2012, 02:53 PM   #574 (permalink)
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GoldStandard View Post
Hi FR5050 - thanks for the reminder. Yes, Ord appears to be one of the first to talk about relative volume on swings. He doesn't seem to do a lot with the concept any more though, at least not in his recently posted charts and articles.

His criteria of re-testing an important hi/lo on less than 50% average volume seems to produce some OK setups according to the limited amount eyeball backtesting I have done reviewing charts, but it happens very infrequently.

I think measuring relative volume on swings could be useful in more situations, and on smaller timescales than Ord uses. Maybe not as a setup by itself, but perhaps as a filter in combination with other factors to identify good candidates for pullback trades.

I suspect that a low volume pullback swing followed by higher volume move in the trend direction would offer a measurable advantage, but it would take some coding to find out.

I was actually hoping I could entice Dorschden or another reader of this thread into adding this to PriceActionSwing so we could do some visual backtesting with it.

In any event, the volumes by themselves are useful. An extremely weak or strong average volume swing is definitely worth paying attention to.

i THINK BILL WILLIAMS ALSO TALKS OF SWING VOLUME IN ONE OF HIS BOOKS?

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Old October 19th, 2012, 07:17 PM   #575 (permalink)
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dorschden View Post
I sent @Big Mike an updated version, which he will upload whenever he has time (Download PriceActionSwing).

Updates:
- Improved swing duration and time output
- Add naked swing visualization
- Add developing swing volume (repainting)
- Add zig zag lines coloured by volume analysis (as suggested by@DionysusToast )

The old market analyzer templates will probably not longer work with this version. I'll upload a new one in a few minutes.

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hi dorschden, I've noticed the chart uses PriceActionSwingPro, can I find that here ?

Thanks for all your hard work on this! Its really kind of you to create this master indicator

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Old October 19th, 2012, 07:25 PM   #576 (permalink)
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tellytub View Post
hi dorschden, I've noticed the chart uses PriceActionSwingPro, can I find that here ?

Thanks for all your hard work on this! Its really kind of you to create this master indicator

@tellytub,

when you download the newest version here:

Downloads - Free Section - Big Mike's Trading Forum

the file will include the following 3 indicators:

- price action swing
- price action swing pro
- price action swing oscillator

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Old October 21st, 2012, 04:06 PM   #577 (permalink)
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bubbadirect View Post
Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

PLEASE CLICK AND LOOK HERE

Hey CHEECH! Quick question for you. What are these symbols/indicators here (as noted by the red arrows)? They look kinda interesting to me.

Thank you,
bubbadirect

@bubbadirect

I think this indy will give you those signals . . . Fractals SR Lines . . . used with perryg method

https://futures.io/download/vip_elite_circle/1136-download.html?view

rickr

You get out of trading what you want. With daily intention, you can carve a trading career, more importantly a life, directed and produced by you . . . Bella
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Old October 24th, 2012, 04:38 AM   #578 (permalink)
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[



Having trouble downloading the analyzer, can you help me out with it?

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Old October 24th, 2012, 04:57 AM   #579 (permalink)
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jpstyles2002 View Post
[



Having trouble downloading the analyzer, can you help me out with it?

Please be more specific as to the exact problem so someone can help.

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Old October 24th, 2012, 10:57 AM   #580 (permalink)
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A Q,if i may..What is the logic behind VLow/High Current in the PAS Oscillator indicator?

thx

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