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PriceActionSwing discussion

  #1421 (permalink)
pavanb15589
Bangalore+India
 
Posts: 40 since Aug 2015
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shienri View Post
Hi Pavan,

I tried something similar, maybe you can give it a try.

use a 2 range chart, you see 3 green go long, 3 red go short (following the trend)

for reversal at S/R see something like a red green red (go short) or green red green(go long),
then can go for the reverse of trend.

hope it helps

No No. That's not what I meant. For me, I use the Corrective and Impulsive nature of the swings in PA. A lot more like Higher Time Frame Levels and Price Interaction at these levels. I just need the rules to define the Trend Structure.
AB Impulse BC corrective and CD Impulse gives me an uptrend. Standard definition. But I am looking for rules that defines the Nature of the swing without and subjectivity. I use 5 Mins chart.

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  #1422 (permalink)
 shienri 
Singapore + Malaysia
 
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you wont know if its impulse or corrective until it happens,
so shouldnt ABCD already defined your rules for impulse and corrective?

longer one is impulse and shorter one is corrective.

you can try using volume though,
the push with larger volume is the impulse,
lesser volume is corrective,
if you want added confirmation like this.



pavanb15589 View Post
No No. That's not what I meant. For me, I use the Corrective and Impulsive nature of the swings in PA. A lot more like Higher Time Frame Levels and Price Interaction at these levels. I just need the rules to define the Trend Structure.
AB Impulse BC corrective and CD Impulse gives me an uptrend. Standard definition. But I am looking for rules that defines the Nature of the swing without and subjectivity. I use 5 Mins chart.


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  #1423 (permalink)
 
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 gisot 
Milan, Italy
 
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Thank you @dorschden for the great indicator.
as show in the image attached I am using on the same chart 3 PAS indicators with different Swing and Strengths sizes .
Could perhaps a generous member of FIO modify the indicator so that the swing dots can be displaced also vertically, ie above or below the bar they show up?
Another visually useful option could also be obtained by consolidating the three PAS indicators into a single PAS indicator accepting different swing and strength couples and then having the possibility of replacing three dots happening on same bar with a corresponding symbol for example a bold larger arrow, (up ⇧ or down ⇩) and replacing two dots on the same bar with a smaller arrow?
Thanks.


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  #1424 (permalink)
 
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 Bullywig 
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Is there a version of the PASMA.xml template that will work in NT8? Thanks.

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  #1425 (permalink)
 
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 gisot 
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icog View Post
About adding ... a custom indicator:



Then hit "compile" and if you dont get a error you are done. When you want to use MFI like a divergence indicator choose "Custom" and then in Parameter 1 the desired period (probably 14).

Hope this helps.

Hi @icog,
please can you help me in finding out what is not working in the compilation of PASProSMIAMB having as a custom divergence indicator SMIAMB.
Thank you.
guidoisot

Attached Files
Elite Membership required to download: @@PASPROSMIAMB.cs
Elite Membership required to download: SMIAMB.cs
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  #1426 (permalink)
pavanb15589
Bangalore+India
 
Posts: 40 since Aug 2015
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shienri View Post
you wont know if its impulse or corrective until it happens,
so shouldnt ABCD already defined your rules for impulse and corrective?

longer one is impulse and shorter one is corrective.

you can try using volume though,
the push with larger volume is the impulse,
lesser volume is corrective,
if you want added confirmation like this.

The problem here is we are basing our definition on Visual Observations. Visually what we do is relative. That means the Price Action we visually observe always becomes relative which creates a lot of subjectivity in trading. So someday, if we call something as Impulsive, and then the same structure we observe some other day may become corrective because relative to that day's Price Action, it may be different. So, what I am looking for is a rule that removes the visual subjectivity. Like the length of the Impulse, Angle, Time all these are relative observations which I want to remove.

Like I said, I have few rules that I defined above. Sometimes they are conflicting. So, I was looking to remove even more uncertainty.

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  #1427 (permalink)
 pepbosch 
Madrid - Spain
 
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guidoisot View Post
Hi @icog,
please can you help me in finding out what is not working in the compilation of PASProSMIAMB having as a custom divergence indicator SMIAMB.
Thank you.
guidoisot

Hi guidoisot, Is it NT7 or NT8?

I may help you if you export the indicator as a zip file using Ninjatrader File/utilities/exportNinjascript...

then post it and also include the file "PriceActionSwingBase.cs"from indicators folder.

pep

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  #1428 (permalink)
 shienri 
Singapore + Malaysia
 
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pavanb15589 View Post
The problem here is we are basing our definition on Visual Observations. Visually what we do is relative. That means the Price Action we visually observe always becomes relative which creates a lot of subjectivity in trading. So someday, if we call something as Impulsive, and then the same structure we observe some other day may become corrective because relative to that day's Price Action, it may be different. So, what I am looking for is a rule that removes the visual subjectivity. Like the length of the Impulse, Angle, Time all these are relative observations which I want to remove.

Like I said, I have few rules that I defined above. Sometimes they are conflicting. So, I was looking to remove even more uncertainty.

Any other indicator do you use?

I use volume surge, as a guide for the side to take.

So if there's vol spike with a long candle,
i can consider that an impulse move.

i feel the correction part can be tricky since
price swing can mark the pullbacks but you never really know when
the pullback ends.

you often see the pullback marks a 5 tick then it ends up further
with an 8 tick etc.

I think thats about as much uncertainty that we can remove though,
since we are ultimately playing probability.

so could be dangerous if we define something too black and white
at times.

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  #1429 (permalink)
 
gisot's Avatar
 gisot 
Milan, Italy
 
Experience: Beginner
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Trading: ES, Stocks
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pepbosch View Post
Hi guidoisot, Is it NT7 or NT8?

pep

Thank you pep

it is NT8, ... but I am wondering why it appears that many users still prefer to stick to NT7 (?)

I have decided to work only on ver.8 because I suppose/hope ver.8 should be better of ver.7.

Please find attached the files.

Thank you.

guidoisot.

Attached Files
Elite Membership required to download: Filename_SMIAMB_.zip
Elite Membership required to download: @@PASPROSMIAMB.cs
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  #1430 (permalink)
 pepbosch 
Madrid - Spain
 
Experience: Intermediate
Platform: NinjaTrader
Broker: CONTINUUM
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guidoisot View Post
Thank you pep

it is NT8, ... but I am wondering why it appears that many users still prefer to stick to NT7 (?)

I have decided to work only on ver.8 because I suppose/hope ver.8 should be better of ver.7.

Please find attached the files.

Thank you.

guidoisot.

I have been trying to add the indicator into the part of priceActionSwing.base , wich in NT8 is part of the code od PriceActionSing.cs The problem is that the indicator is using 6 variables and I do not have the coding experience to resolve it, as PAsspro is using 1,2,or 3 variables for the divergence indicator. sorry. If any wise coder could help would be appreciated.
I have added the indicator to the base part and the parameters in the passpro but I don`t get any plot nor signal. find attached the modified scripts if you can get them work.

Attached Files
Elite Membership required to download: PriceActionSwing.cs
Elite Membership required to download: PriceActionSwingPro.cs
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