PriceActionSwing discussion

July 12th, 2011, 02:45 AM

Dorschden: Great indicator. I have one question. When the ABC pattern appears there is a green or red line that appears - almost like a support/resistance line. Should price move up these lines will "step" up or down depending on what price is doing. What do these lines mean? Thanks a bunch for all the work that you have put into this indicator.

July 12th, 2011, 12:19 PM

Here are some answers to the latest posts.

inmax

Is it possible to show the swings/trend/colorOFbars by the number of points/pips/ticks (not by the number of bars - as it is now) ?
Is there a chance to add such a functionality in the future?

Inmax,

I'm not sure, I understand you correct. You want a swing calculation mode, that calculates the swings on the number of ticks the move is made and if the move makes X ticks, then a new swing is found. Is this correct? I plan do add this kind of swings someday but not in the next few weeks.

maxreturn

As for the UTC vs. Standard, for some reason I get much more reliable results using the UTC, at least when applying the indi to Renko bars. That leads me to a suggestion. Could you modify the indi to include an option to choose to base swings either on the highs and lows or closes? The reason that I ask is that often I have noticed on either SbSRenko or BetterRenko charts that quite frequently there are double tops and bottoms that form based on the close.

Chuck,

Thanks for your thoughts on the UTC mode. I'll think about to re-add it again or whether I'll implement an option to calculate it on close prices. Nevertheless if you want more double bottoms and tops you can increase the "DtbStrength" parameter to 25 or whatever and you will get more DB/DT.

mokodo

I've taken a look at the features and can not see if your indi has an option to visualise Highs or Lows that initially plot, but are then adjusted before fixing once the next leg starts it's search.

Mokodo,

You can use the dnFlip series or the newLow == true && updateLow == false variables for this. This gives you the points where a new initially swing is found. The DnFlip/UpFlip series are also available to other indicators or strategies.

mystiq

now i get "upStatSwing....dnStatSwing...doesnt exist ...message..

Mystiq,

You're correct, I delete them accidentially. You can try the new version I'll post in a few minutes. Except the statistic all should work in NT 6.5 again, but you have to copy the file manually and maybe change the "GridCategory" to "Category" again. I don't have NT 6.5 anymore so I can't test it there.

no111

When I paste the code into a strategy from the first post, I can't use activate the strategy anymore on a chart.

When I add/remove this it won't/will work anymore:

Code

                            
             int trend = Convert.ToInt32(swingTrend[0]); 

  switch (trend) 

  { 

  case -1: 

    // Down trend - do something 

    break; 

  case 1: 

    // Up trend - do something 

    break; 

  default: 

    // No trend - do something or nothing 

    break; 

  }

No111,

I didn't test the code in the first post lately but I didn't see a problem with it. Is there any error message in the NT logs?

madelynnjohnson

When the ABC pattern appears there is a green or red line that appears... What do these lines mean?

Madelynnjohnson,

The green/red line for the ABC pattern is the entry line. If price closes above this line, an entry is triggered. The line is the X percent of the last swing. You can set the percentage in the "Visualize patterns" category in the property "Entry retracement".

dorschden

July 12th, 2011, 12:22 PM

dorschden

Here are some answers to the latest posts.

Inmax,

I'm not sure, I understand you correct. You want a swing calculation mode, that calculates the swings on the number of ticks the move is made and if the move makes X ticks, then a new swing is found. Is this correct? I plan do add this kind of swings someday but not in the next few weeks.

dorschden

Yes, this is correct. Thanks for the reply. Looking forward to new functionality.
Regards

July 12th, 2011, 12:24 PM

I uploaded a new version.

More information later this day.

dorschden

July 12th, 2011, 03:43 PM

dorschden

I uploaded a new version.

I'm looking for a link but can't find it. If in Download section, I can send out notices - but it appears you haven't updated that one since March?

Mike

July 12th, 2011, 04:03 PM

Big Mike

I'm looking for a link but can't find it. If in Download section, I can send out notices - but it appears you haven't updated that one since March?

Mike

Hi Mike,

If you go at post #1 download

PriceActionSwing discussion

I welcome any feedback, comments and suggestions for improvement.

Please discuss the PriceActionSwing (PAS) indicator in this thread. Any comments or suggestions are more than welcome here. If you have a more private issue send me a PM or better an …

you get the latest version July 12th 2011 (I discovered it by reading the script)

July 12th, 2011, 04:13 PM

Hi Mike,

I'm confused......just where is the updated version?

Many thanks!!!

July 12th, 2011, 05:16 PM

Big Mike

I'm looking for a link but can't find it. If in Download section, I can send out notices - but it appears you haven't updated that one since March?

Mike

I updated the indicator in the download section ( Download PriceActionSwing).

I decided to make a little bit more public.
- Risk management (auto risk calculation for ABC pattern)
- Optimize for market analyzer
- Alerts for ABC pattern

If you use the PriceActionSwing indicator in the market analyzer make sure, that the statistic and risk management is both set to false. Under the plot property you can choose between some public values.

dorschden

July 12th, 2011, 05:54 PM

Thanks. 7,831 notifications sent.

Mike

July 12th, 2011, 06:21 PM

Possible that some one can convert this to a Zip file? I have the hardest time wth cs files.....

if possible .... thank you

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PriceActionSwing discussion