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1-2-3 Pattern Indicator


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1-2-3 Pattern Indicator

  #1 (permalink)
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1-2-3 Pattern Indicator

There have been a few short discussions of why it is difficult to code an NT7 indicator for 123 pattern and Ross Hook here on futures.io (formerly BMT). I know very little about programming in NinjaScript myself but some of you guys are amazingly brilliant coders and have created some impressive indicators. Attached is a MQ4 version of a 123 pattern indicator and a screen shot if anyone is interested in converting to NT7 (A likely potential candidate for indicator of the year )

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  #3 (permalink)
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Good!!

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123

Here's a 123 indicator that was tweaked for me by TMFT.......check it out and let me know how you like it.

Jeff

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  #5 (permalink)
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I just loaded the 123 indicator on my Wave chart, now; it shows very interesting stuff. Nearly all my previous and today's trades lined up with the 123 indy. Have a look.


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  #6 (permalink)
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Jeff Castille View Post
Here's a 123 indicator that was tweaked for me by TMFT.......check it out and let me know how you like it.

Jeff

Thanks for sharing Jeff.
In hindsight it looks very nice. But the signal label doesn´t occur when the current bar closes. When you use the default setting 3 for "swing strength" the signal occurs at the beginning of the 4th bar after the reversal. Perhaps a little bit late for an entry. Or do you use a smaller setting for strength? But then there could be more false signals.

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  #7 (permalink)
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I see that chart, it is good. Is it possible give the size of the wave by the volume of transaction?

Obviosly a big wave mean more volume a small wave less volume.

Regards

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  #8 (permalink)
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I put the 1-2-3 Pattern indicator to a Real-time test today, and it failed; the text signal did not display to trigger my trade, and which corroborates with TempletonPeck's post #6 above; it eventually displayed right at my point of trade entry, but long after my trade had been successfully concluded. The attached screenshot shows my trade (entry and Target filled/stopped), and this video here shows the Real-time live recording of the trade (you have to be an Elite member to view it) and which does not show the text signal.

Lolu


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  #9 (permalink)
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Hi

Loki, how to get dot on your line chart?

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  #10 (permalink)
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lolu View Post
I put the 1-2-3 Pattern indicator to a Real-time test today, and it failed; the text signal did not display to trigger my trade, and which corroborates with TempletonPeck's post #6 above; it eventually displayed right at my point of trade entry, but long after my trade had been successfully concluded. The attached screenshot shows my trade (entry and Target filled/stopped), and this video here shows the Real-time live recording of the trade (you have to be an Elite member to view it) and which does not show the text signal.

Lolu

I haven't looked at this indicator. However, swing indicators require a strength parameter which mean if you have the strength set to 3, then the swing is identified after 3 bars are closed. Then the graphic identifying the swing is displayed. This is probably what you're noticing. Bottom line is that swings aren't swings until they are confirmed by a subsequent bar close. If you want the swing identified earlier try changing the strength to 1 but you will still see the swing identified after one a closes with lower high than the previous high or when the bar closes with a higher low than the previous low.

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