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PriceActionSwing discussion
Started:November 23rd, 2009 (11:23 AM) by dorschden Views / Replies:392,949 / 1,347
Last Reply:3 Hours Ago (04:03 AM) Attachments:424

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PriceActionSwing discussion

Old November 13th, 2013, 10:00 AM   #851 (permalink)
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Silvester17 View Post
hi @Abde,

a couple updates ago, the "PriceActionSwingRelation" indicator got changed into "PriceActionSwingOscillator".

they are both the same, just a newer version

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Hi @Silvester17,

Ok. Thanks for the hint!

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Old November 13th, 2013, 01:22 PM   #852 (permalink)
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GomCD interpretation


Silvester17 View Post
the delta is calculated ask - bid

Hi Sivester17:

I would like to discuss with you on the following theoritical aspects of GomCD Divergence for my better understanding of this indicator. Appreciate if you could shed some light on it please.

1) I understand that the HD/RD Divergence lines are drawn on the price panel based peak comparision between price swings and GomCD indicator peaks. My question is which of the following peaks values of GomCD indicator is taken for comparision:
SwingCD Peaks or AbsoluteCD Peaks

2) When the price swings make HL Pivot after HH Pivot, there are two scenarios. Viz., @ HL pivot the SwingCD value can either be a +tive or a -tive number. At this context:
Can I assume that if the SwingCD number @ HL pivot is +tive the the buyer are buying at Ask price meaning the probability of making another HH pivot is high.?
Also, if the SwingCD number @ HL pivot is _tive, the buyer are buying @ Bid price meaning the probability of making HH pivot is low.?
And vice versa for LL/LH pivot scenario.

Silvester17, I know that I am eating your Brain a lot , please bear with me.

Thanks in Advance.

Raj1

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Old November 13th, 2013, 02:42 PM   #853 (permalink)
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Raj1 View Post
Hi Sivester17:

I would like to discuss with you on the following theoritical aspects of GomCD Divergence for my better understanding of this indicator. Appreciate if you could shed some light on it please.

1) I understand that the HD/RD Divergence lines are drawn on the price panel based peak comparision between price swings and GomCD indicator peaks. My question is which of the following peaks values of GomCD indicator is taken for comparision:
SwingCD Peaks or AbsoluteCD Peaks

2) When the price swings make HL Pivot after HH Pivot, there are two scenarios. Viz., @ HL pivot the SwingCD value can either be a +tive or a -tive number. At this context:
Can I assume that if the SwingCD number @ HL pivot is +tive the the buyer are buying at Ask price meaning the probability of making another HH pivot is high.?
Also, if the SwingCD number @ HL pivot is _tive, the buyer are buying @ Bid price meaning the probability of making HH pivot is low.?
And vice versa for LL/LH pivot scenario.

Silvester17, I know that I am eating your Brain a lot , please bear with me.

Thanks in Advance.

Raj1

not to worry

these are all good and valid questions. however I do not follow swing cd's and divergences of that kind in general. I might look at a single bar to see if there's a big positive delta, but price goes lower. and vice versa. anyway you need to ask someone else.

or even better, do your own tests and see if you can find some useful information. that's always a good solution

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Old November 14th, 2013, 10:59 AM   #854 (permalink)
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djkiwi View Post
Hi Mike, well the part I added only contained a hook so the swing delta data could be extracted. No Gom code was used.

Cheers
DJ

p.s. Dorcshden very nice of you to take some time from your busy schedule to provide this for the community.

@dikiwi

I am very much interested in your CD work. Currently I am studying the probable entry and exit points based on SwingCD values printed on the HH/HL/LL/LH pivot points of Price action swing pro indicator.

At this juncture, I would appreciate if you could post some pictures explaining this strategy. It would be og great help to me and fellow traders.

Thanks in Advance.

Raj1

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Old November 14th, 2013, 11:53 AM   #855 (permalink)
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Nalu View Post
Just wanted to point out that the divergence indicator for MACD uses the “Diff” plot (histogram) which is the difference between the MACD line and the Average; however, I typically look at divergence on just the MACD line, in which case “Diff” would need to be replaced with “Default” on lines 1455 & 1456. A thousand thanks, dorschden.
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Attachment 81880

Can you please post the screen shot of the code for Price action Swing action pro indicating the lines to be altered for MACD Divergence setting.

Thanks

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Old November 14th, 2013, 11:38 PM   #856 (permalink)
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dorschden View Post
Here is the market analyzer template with ABC signals, swing trend and the divergence signals. The settings are for daily bars. You have to change them to your preferred time frames. The underlying divergence indicator and it's settings can be changed under the property "Div indicator" and "Paremeter 1,2,3".

I already sent a new PriceActionSwing version to @Big Mike and first after he uploads the updated version and you downloaded the new one from the download section this template will work. He probably will write a post in this thread when he did it.

Save the file under ...\Documents\NinjaTrader 7\templates\MarketAnalyzer and then load it in a market analyzer.

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Hi
How is SWING RELATION is arrived at based on Price?

Can you please give an hint?

Thanks,

Raj1

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Old November 15th, 2013, 06:46 AM   #857 (permalink)
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GomCD Div - "Gom CD Mode Setting"

Hi,

Im using the GomCD inout for divergence with this PAS. Working nicely, thank-you.

I have is the setting for "GomCD Mode" - I wonder what is the difference between each of these options?

I did a test with 5 charts alongside each other on the ES (2000T on each etc), each chart used one of the different settings, Absolute, Absolute & Swing, False, Swing, finally Swing & Absolute - My test found no difference in divergence plots for any of the charts - This surprised me.

Maybe I have something set wrong, so I wonder what differences (if any) should be shown, and I would like to understand the differences between these "GomCD Mode" options and how each should reflect to the chart.

Thanks.

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Old November 15th, 2013, 06:56 AM   #858 (permalink)
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Gom CD Div - "Volume Filter Mode"

Filter Mode

1) I did a test with the Volume filter mode switched on, all charts were on SwingCD for the GomCD mode".

2) I switched to "Larger than", then used 50, 100, 500 and 1000 as filter sizes.


I was thinking a "larger than" setting would filter out some of the signals that had minimal divergence. What I found was that the setting with 50 and 100 actually produced more divergence plots than with the filter turned off - How can this be?

Where as a divergence of 50 or 100 contracts in CL would be substantial, I did not think it would in ES.

Considering this was the ES, I was surprised that the lower numbers (50 and 100) made any changes at all to the plots, considering the liquidity in ES I was expecting that 1000 would even be a small number, also surprising was the fact that with the setting of "larger than 1000" there was not one plot the whole day. An average 2000 tick candle of the ES can be around 7000+ contracts, its surprising that the setting of 50 & 100 has any effect at all.. On CL maybe, but ES?

It´s possible my interpretation of the indicator and GOMCD Div settings are wrong. Just trying to clarify and understand what´s going on there. I wonder what other thoughts are, would like to hear from anyone, especially those that use the GomCD function

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Old November 15th, 2013, 09:16 AM   #859 (permalink)
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Otterly View Post
Hi,

Im using the GomCD inout for divergence with this PAS. Working nicely, thank-you.

I have is the setting for "GomCD Mode" - I wonder what is the difference between each of these options?

I did a test with 5 charts alongside each other on the ES (2000T on each etc), each chart used one of the different settings, Absolute, Absolute & Swing, False, Swing, finally Swing & Absolute - My test found no difference in divergence plots for any of the charts - This surprised me.

Maybe I have something set wrong, so I wonder what differences (if any) should be shown, and I would like to understand the differences between these "GomCD Mode" options and how each should reflect to the chart.

Thanks.

@Otterly,

the gom cd mode will not change the divergence. it just lets you choose what values (absolute, swing, tick) you want to be displayed at swing highs and lows.

made some examples:

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what they represent I explained in an earlier post:


Silvester17 View Post
great!! glad to hear you got that sorted out

I'm pretty sure you know what they mean. if not, here's a short explanation:

- absolute = the actual cd value
- swing cd = difference of the swings high and low cd value

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if you're looking for how to use them, I don't think you'll get many responses. like I said before, I don't trade them and therefore I'm not going to give any advice.

good luck!!


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Old November 15th, 2013, 11:01 AM   #860 (permalink)
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Silvester17 View Post
@Otterly,

the gom cd mode will not change the divergence. it just lets you choose what values (absolute, swing, tick) you want to be displayed at swing highs and lows.

I understand now. I was over-thinking that one then. lol.

Thank-you.

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