Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
I was trying to put hands on Rotation 1&2 tools. What input settings would you suggest for EURUSD, RANGE 40. I experimented myself also using FractalSwing with no material success. I read all thread and apllied all answers already.
Just do not tell me : you can't fix stupid
Can you help answer these questions from other members on NexusFi?
I dont have EURUSD, so had to look at the 6E, not sure if the tick size is the same.
When you say Range 40, I take that to mean Range Bars of 40t. For these indicators, they only count rotations during a session, if the bar size is too large and no swings are occuring during the session it will not be analysed.
Maybe try a 5min or 30min chart and see how that works.
I took EUR, DELTA 300 and chose following MinimumRotationAmount ' s = 10, 30, 50 to test.
Setting of MinimumRotationAmount = 30 makes a great sense in two ways (1) signal 1 - prediction of reversal at 95 level, (2) in case prediction fails this failure becomes signal 2 - space for continuation. Which means this 95level with that setting in that context (asset, peridocity of bar, state of market) is a real pivot at the edge of consolidation. When i say signal it is not a trigger to place a trade based on it alone. It is more like graet contextual information.
So i call this value of 30 an optimal value on a chart. Now, the question is - is it possible to derive this optimal value with FractalSwing ?
BTW this type of questions resembles searching for dominant cycle with spectrum analizers, or searching for optimal renko brick value with renko analizers.
I don't use it quite the same way you are exploring - not to say there is a right or wrong way.
The FractalSwing indicator is a tool I use to calculate a distribution of all rotations and find the 70th & 90th percentile bands of those rotation sizes.
From that, I primarily look at 90th percentile rotations during the intraday session and try to interpret based on context, location & time of day.
The RotationsNT8v1 automatically calculates this distribution and displays the percentile bands, whereas the RotationsNT8v2 does not automatically calculate values and requires the user to enter the point value of each percentile band, this version works well in tandem with the FractalSwing indicator as you can use the values provided by the FractalSwing results.
IMHO i try to do exactly the same thing. If i understand you correctly - FractalSwing+Rot2 produces an output of what i call optimal value (as reffered to in my previous post).
When i run FractalSwing and copy its output into Rot2 it does not make sense. I copy them exactly the way you described in this thread. I receive from FractalSwing an output which looks typicaly sth like 0,002445 and i am unable to copy that into Rot2.
Hi ! Forgive me for bothering again but I was thinking of some things. Your fractal swing says 90 percentile but when I open the script it seems to say 2 standard deviations as 90 percentile . But 90% is 1.64 standard deviations. I am a bit confused here as I can't code and its kind of very important that I know how many standard deviations is it calculating. Can you bring clarity to this ? How do I get 2 and 3 standard deviations?Maybe I just multiply 70 percentile with 2 and 3? OR ..(70 percentile value - mode)*2 and then *3? I hope I could explain what I wanted to know. IN other words 70 percentile value shown is (Mode value+ 1*sd) right?
utiliize only Rot1.