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entry Indikator like Al Brooks H2 - L2 entries
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entry Indikator like Al Brooks H2 - L2 entries

  #11 (permalink)
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H1/L1

Hi anituchka and other traderīs,

iīve got the permission to share the indikator. please send me your email-adress, i reply with the indikator. i have an description of the rules in german. i try to translate it today.

pullbacktrader

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  #12 (permalink)
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pullbacktrader View Post
Hi anituchka and other traderīs,

iīve got the permission to share the indikator. please send me your email-adress, i reply with the indikator. i have an description of the rules in german. i try to translate it today.

pullbacktrader

Just attach it to the post.

Mike

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  #13 (permalink)
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also interested in indikator



pullbacktrader View Post
Hi anituchka and other traderīs,

iīve got the permission to share the indikator. please send me your email-adress, i reply with the indikator. i have an description of the rules in german. i try to translate it today.

pullbacktrader

Hi pullbacktrader,
I am also interested in this indicator.
Thank you

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  #14 (permalink)
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download in the elite cicle

Hi to all,

after many mail-requests, i decide to put the indicator in the elite download area.

https://futures.io/download/vip_elite_circle/1092-download.html?view

If someone needs the description in german, please mail me!

pullbacktrader

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  #15 (permalink)
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Hi,

Are you sure that this indicator is really consistent with Al Brooks' practice? I personally have a doubt about it.

Let's suppose that we are in an uptrend.
There is a bear correction.
The first bar with a higher high corresponds to H1.
But, if the next bar has also a higher high (second bar of an uptrend leg), I think it is not an H2.
H2 will only appear after the next bear leg.

My reference: attached figure 4.16 of page 120 of its first book, and surrounding text.

I may be wrong...

Nicolas

PS - There is no copyright issue with the attached figure, since it is coming from the Website of the editor, which proposes to download all the figures of the book: Wiley: Reading Price Charts Bar by Bar: The Technical Analysis of Price Action for the Serious Trader

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entry Indikator like Al Brooks H2 - L2 entries-figure0416.jpg  

Last edited by Nicolas11; January 12th, 2012 at 03:28 PM.
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  #16 (permalink)
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You could be right!
Iīve got the basics of my definition from the attached files, but there would no H count ending after a lower low like in my indicator.

My interpretation of brooks H1 L1 counting is to identify small trends and so i think it make sense to stop counting at the time the price brake through the low/high of the prior bar. in my practice sometimes if the low is taken with one ore two ticks, i buy the next H1, witch is an H2 in the right definition, but it comes to the same results.

I hope you (and no one else) is afraid if its not what you are looking for, but its free to you to optimize the indicator to the right definition from brooks if you think this is helpful. i think itīs like i sayed: the counting is used to defined small trends and this indicator helps the viewer to get focus on it.

greets

pullbacktrader

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entry Indikator like Al Brooks H2 - L2 entries-h1.png   entry Indikator like Al Brooks H2 - L2 entries-l1.png  
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