I've programmed ross hook indicator for NT. Is there anyone who want to test is. Not just try, but test seriously with report, feedback, etc. An it will be better if you are programmer with experiences in Ninjascript.
If you are the right guy, write me private message
I'm not still able to send private message. So, write me and I'll answer later
In message please send answers on these questions:
1) Are you active trader? How long?
2) How long do you use 123, RH formations for active trading?
3) Are you able to recognize these formations on graph?
4) Do you have experiences with ninjascript?
5) Do you have experiences with C and C# language?
6) Which NT version do you use?
Frankly Mike, I want to put this indicator here for free (permanently) later, but I don't want to anyone tries to get this indicator and sell it. And I want to release it without errors For this reason I'm looking for anyone who is able to help me finish it. So, don't afraid, it's not a advertisement or something like that.
If this indy is going to be freely and permanently put here, just do it now so that TMFT, Fat & Co can work on it. We have more than enough Enterprise here on futures.io (formerly BMT) to help you "finish it". Do we need all those Terms & Conditions ? No !!!
As you wish.
Here is the link with indicator. It contains indicator and document with describing of argument. But these descriptions are inside the indicator anyway
I know the indicator needs a lot of CPU usage. As I wrote, I just have rewritten that from C to C#. It's not optimized, there are a lot of unclean code. The .cs file is inside, it's not dll. So go ahead to go through code and modify it. I wrote it's not finished
And I would be appreciate if someone wants to help me to fix it/optimize it/improve it.
And once again, it's free indicator at all
And there is original code attached in zip file. For compare and so on.
I played around with the settings and got it to print somethings on the screen but it kept grinding away trying to reload the screen and I would get tired of waiting and reboot.
So , yes it does print on the screen and yes it needs some house cleaning on the code.
You obviously have put a lot of work into this. It has potential.
Wish I could have been more helpful.
Regards,
TMFT
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
The following 2 users say Thank You to ThatManFromTexas for this post:
Exported using NT Version 7.0.1000.4
This indicator is no longer maintained. Please download the new Range Analysis indicator, which identifies inside bars, narrow range bars, outside bars, wide range bars and LBR triangles.
https://www.bigmik …
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Have the 1-2-3 indicators also ID the Ross Hooks and that should be the Ross package.
I added error handling and commented out the print statements that were drastically slowing down loading while overflowing the output window and serving no useful purpose. Also added some code to take into account the ticksize of the instrument since …
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I don't have any new update. I don't have time to optimize this indicator. But it's free and if someone wants to rewrite it or just optimize so go ahead
check the color for the letters in the indicator setting. When I used it the first time, long ago, letters were set ob black and my chart was black....
It dosnt show because you have to change the colours. For some reason it does not keep the colour settings when you close NT. so everytime you have to set the colours.Other than that it seems ok , pity its cpu intensive.
Thanks zodor , I thought that was the one i was using . Ill download again and overwrite the one i have and see what happens. Will report soon . stay tuned
Yup it definitely loses the color settings , Other than that it works nicely.
ive downloaded and reinstalled after deleting it and still have the same issue , the colours have to be set everytime NT is loaded.
Other than that its a great indicator.
Could anyone please suggest where do i order RH 1-2-3 indicator with alerts,besides Warehouse?It seems that it impossible to order it from their website,and their support is quiet for several days yet.
Hi,
I did spend money for this indicator. If u know basic of trading 123+RH , u dont need that. Just go to download free section a download Price Action Swing Pro. There u will find what u looking for. This indicator doesnt generate 123 formation, but u can simply identify LL,LH,HH,HL what is also mean 123+rh
Good luck
Jake
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Here is 1-2-3 Top Formation Part of a Head and Shoulders Pattern Possible ABC Correction, as this is only 15m chart.
Larger Time frames are Bullish as far as a Retrace is concerned.
This Sell Signal was Good for about $1,000 per contract down to the Measured move area just above 1.31
This is also called by some Traders as a "Failed A up"
Notice Resistance currently at the Neckline.
Posting Chart of 6BU6 Futures contract.
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1-2-3 Bottom in Soybeans, also looks like ABC Correction before new Impulse wave down which happened today 63 cent drop.
Same Situation- Target is Measured move up to the Gap Area from 7-5-16 last Tuesday.
Then Sell off back to Neckline.
The following user says Thank You to sandptrader for this post:
Same Exact Situation, but smaller time frame 1m.
This is CL Sell Signal, and back to Neckline.
The Sell Signal off the Right Shoulder/3 point was Good for $500 + per contract, and Buy Signal back up to Neckline Good for $300 +
This is Very Small chart, but the point is this Set up happens on All time frames, and often.
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Yes....all the notes, lines, numbers, letters are Manually placed on the Chart.
I Understand you were looking for an Automated Program/Indicator to Label, and Possibly Alert you to this type set up.
I have not seen any that does the job well...closest Indicator was mentioned above PriceActionSwingPro, and it is free to use if you are Elite member.
But still not exactly a perfect Indicator for every signal that i have seen it generate, but it is helpful.
I would just get use to Manually Spotting the HH, AND LL in the Trend Structure also using the PAS or PriceActionSwing Indicator can help, as well as the type Indicator i posted in the lower pane helps me as well.
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How do you define the perfection then,if you say there`s no indicator that does it perfectly.Basically,you look for the divergence and the first HL or LH,depending if your positioning to sell or by.Am i correct?
Exactly.......but there will not always be Divergence.
I do use a Larger Timeframe to accompany that smaller charts Signal that you described to Verify the Trend change.
In other words the Larger Chart is Turning/Swinging, and that smaller Chart gives that Sell=LH or Buy=HL to Enter.
You can also use the Fib Retrace Levels to help with the Entry for the #3 point Confirmation.
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In post #55 the Chart Indicates where there was some Support, as well as a Measured Distance Calculated from the Head to Neckline then from Breakout of Neckline to Projected area which was very close to the Support lines that were drawn.
post#56 chart was basically the same, but Bullish move.......the Reverse Signal you ask about is Basically a Retrace back to the Neckline somewhat of a Support or Resistance Signal.
Not sure if i got that across very well but that set up has Good Probability of Success.
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Thanks,i understood.I also checked the term Measured distance,i heard that before,but kind of forgot.Basically,one want to look for such perfect patterns as per your charts.The more perfect it looks,the more it has chance for success.At least from my practise.
Have an indicator that does that.Although, as you say,it could be tricky,because it has various of settings,yet,it could spot a percfect pattern.Not quite often though.
Well...couple things i can say is when i Spot Divergence i am Automatically looking for the #3 point to Confirm for Either an ABC Correction, or Beginning of Trend change with Successive HH or LL to follow depending the Direction.
Also if that Divergence has any Significance, or Actually is a Turning Point then we usually get 2 Legs at least in that New Direction....for example B to C or #3 to #4 point are both examples of that Second Leg....so we can at least have a Good chance of making money on that Second Entry/leg.......Good Probability for that set up.
More charts later of the 1-2-3...ABC Correction.
I was referring to the 3rd wave of the Elliott wave or C of the Correction.
Either one would be the Second wave in that New direction......so i was saying you could have a Good Probability of that Second leg Occurring if that Divergence Signal was good for more than one leg/Swing in a Trend....
coz i have seen the Divergence Signal fail to follow through, and just get a one leg Retrace.
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it is just part of the Labeling of the Structure of the Higher High's, and Lower Lows's....but somewhat Complex.
Many Traders just look for the HH or LL to confirm and Enter on that Leg until it fails to Continue that Sequence.
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I found the Ross Hook in the thread,which was written by a member,quite decent indicator.Yet,you never know if it was written good and have no bugs,etc.Besides,it also has numerous options and settings and quite complex to figure out.So far, i just figured a couple of things to get it into a strategy and it seems to be working as expected,and yet,would be great to hear from the developer.He is seems to be not that frequent here.
Are you referring to @Zondor as being the author of the Indicator you are using?
Posting Chart of 6BU6 2H chart of a Larger H&S, as well as the 1-2-3 Formation.
6BU6 made it just below the Resistance at the 1.35 Area.
Chart on left is 2Hour ......smaller chart to Right is part of Trading screen which shows very little of this move.
Print Screen included this smaller chart, and no time to edit like i wanted.
I did not label this chart with 1-2-3 Points, H&S labels, ABC labels.....the Measured move Target area, Price did get to that area.
Wanted to let you visualize your own labels,
posting the Divergence, and some support at the base of the Right shoulder. Breakout Good for about $1,000 per contract on the Sell Signal.
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@taw131 ....does the Indicator delay the Signal/#3 point by a certain amount of bars before plotting the # ?
I am sure it is not calculating the area of the #3 point before hand...like with Fib level?
Normally,it doesn`t.I use it on COBC = true and it shows up instantly,on the bar[1].Of course youd need to play with the settings a bit.I also tweaked it a bit so the failed markers appear after the point #2 is breached,not when the point#1 is breached,as it was by default.
i see.......so not much of a delay before posting label#3.......your tweaking of the Indicator for the #2 breaching looks Good.
well in the charts i post i will always have the #1 as the Head of the H&S Pattern, but i am seeing you label differently.
maybe we are just looking at things in a Diff way.
Normally the Right Shoulder will be the Failure to make HH or LL depending on direction.
That would be your labeling #3 = Right Shoulder on the 6AU6 chart i posted.
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the ES chart you posted with the labels 1-2-3 bottom is a smaller Inverted Head & Shoulders with #3 point being Right Shoulder or Higher Low.....you see what happened later as it moved much Higher than what your chart shows.
@taw131.....have you tried setting up your Charts with any lower pane Indicators to help with Confirmation of the #3 point
that the RossHook Indicator is plotting?
I think it would be Great if you would try Diff Oscillators in the Lower Pane under the Chart to see how it looks, and give you Better Understanding of the Signals.
It may help with Analyzing Signals.
If i may ask could you post your version of that RossHook Indicator?
I may try it , as well as @Zondor version
I would like to see Higher time frames, as well as lower time frames just to see if i could use that type Indicator on my Ninjatrader platform.
I may Combine it with the PAS Indicator i think it would be a Good combo.
Yes,i normally use volume for the entries.Also just took a PriceSquawk trial,but so far having hard times to get the notion of it.It`s just a constant cannonade of sounds so,anyway,i`m sure it could be useful when mastered.Just take the time i guess,as with everything.
I also use Zondors version as it was tweaked to get the ticksize between the point#1 and #2 for any instruments.Or what is it,do you need my settings?
To be honest,i don`t like PAS as it its has limitations.It counts swings arbitrary,based on a percentage,ticks,etc.Whereas,RossHook counts swings buy counting Lows,Highs,MIN,MAX,etc,naturally,as far as i understand it.
I may ask later for your settings if it is not a problem, but i will try and see what i come up with...then i may want to try what you have yours set to on Diff inputs.
Which one of the Indicators you mentioned work Best overall with plotting 1-2-3 labels?
Probably not. I just worked on it as a coding exercise. The changes do seem to make it run a lot better.
I don't think the one posted above is my latest version. The latest one is attached here. Use at your own risk. as no technical support will …
I think the color serialization was also fixed.With the Author`s version,the colors were reseting to transparent after refreshing.So the 2 known bugs were fixed.That`s why would be great to hear from the Author to check if there`s anything else wrong left.Apart of it,this one has got what it takes.
The default setting are perfectly ok,you just increase the distance between point #1 and #2.If you`d need the settings i use,feel free to ask.
I wanted to post this Forex Pair i keep an eye on.
here is Chart of GBP/JPY 5m - 1st chart MT4 platform....2nd chart Ninjatrader7 same Pair,time frame.
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