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Anyone knows about Voodoo Lines from Simpler Trading?


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Anyone knows about Voodoo Lines from Simpler Trading?

 
 
toughtrades's Avatar
 toughtrades 
Munich Germany
 
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Hello,

I came across Voodoo Lines on the SimplerTrading HP, and I´m not sure if it really worth $ 1000 or just a gimmick? If someone uses it or has used it, would be great to read your opinion on it. Thank you

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Rrrracer's Avatar
 Rrrracer 
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"The Voodoo Lines uncover hidden levels of possible support and resistance which might not otherwise be visible until price starts reacting at the Lines. We call them Voodoo Lines because the underlying techniques are based on Fibonacci analysis and Elliott waves – dark arts to some. But don’t worry, you don’t need to need to know a thing about Elliott waves or Fibonacci levels to incorporate the power of the Voodoo into your trading; The Voodoo Lines do the work for you. "

All this for $997 up front, and only $47/month afterwards? Man... we need to get into the indicator business @Grantx

Seriously, sounds a bit pricey for a tool that is included in most charting software (fibonacci.)



I couldn't help but chime in. Sorry I didn't have anything more noteworthy to offer @toughtrades

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cory's Avatar
 cory 
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with this much lines, you should get many hits, the good news you can calculate them yourself
once ELow = 666.4
once EHigh = 1220.1
// Number of levels 1-3
levels = 3

// Fire lines
if levels >= 1 then
once F1 = Elow
once F2 = Ehigh
once F3= (Ehigh-Elow)*0.618 + Ehigh
once F4 = (Ehigh-Elow)*1.618 + Ehigh
once F5 = (Ehigh-Elow)*3.236 + Ehigh
endif

//Three lines
if levels >= 2 then
once T1 = F1 + (F2-F1)*0.382
once T2 = F1 + (F2-F1)*0.618
once T3 = F2 + (F3-F2)*0.382
once T4 = F2 + (F3-F2)*0.618
once T5 = F3 + (F4-F3)*0.382
once T6 = F3 + (F4-F3)*0.618
once T7 = F4 + (F5-F4)*0.382
once T8 = F4 + (F5-F4)*0.618
endif

//Snow lines
if levels >= 3 then
once S1 = F1 + (T1-F1)*0.382
once S2 = F1 + (T1-F1)*0.618
once S3 = T1 + (T2-T1)*0.382
once S4 = T1 + (T2-T1)*0.618
once S5 = T2 + (F2-T2)*0.382
once S6 = T2 + (F2-T2)*0.618
once S7 = F2 + (T3-F2)*0.382
once S8 = F2 + (T3-F2)*0.618
once S9 = T3 + (T4-T3)*0.382
once S10 = T3 + (T4-T3)*0.618
once S11 = T4 + (F3-T4)*0.382
once S12 = T4 + (F3-T4)*0.618
once S13 = F3 + (T5-F3)*0.382
once S14 = F3 + (T5-F3)*0.618
once S15 = T5 + (T6-T5)*0.382
once S16 = T5 + (T6-T5)*0.618
once S17 = T6 + (F4-T6)*0.382
once S18 = T6 + (F4-T6)*0.618
once S19 = F4 + (T7-F4)*0.382
once S20 = F4 + (T7-F4)*0.618
once S21 = T7 + (T8-T7)*0.382
once S22 = T7 + (T8-T7)*0.618
once S23 = T8 + (F5-T8)*0.382
once S24 = T8 + (F5-T8)*0.618
endif

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toughtrades's Avatar
 toughtrades 
Munich Germany
 
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Broker: IB
Trading: Futures, Equity, Options
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cory View Post
with this much lines, you should get many hits, the good news you can calculate them yourself
once ELow = 666.4
once EHigh = 1220.1
// Number of levels 1-3
levels = 3

// Fire lines
if levels >= 1 then
once F1 = Elow
once F2 = Ehigh
once F3= (Ehigh-Elow)*0.618 + Ehigh
once F4 = (Ehigh-Elow)*1.618 + Ehigh
once F5 = (Ehigh-Elow)*3.236 + Ehigh
endif

//Three lines
if levels >= 2 then
once T1 = F1 + (F2-F1)*0.382
once T2 = F1 + (F2-F1)*0.618
once T3 = F2 + (F3-F2)*0.382
once T4 = F2 + (F3-F2)*0.618
once T5 = F3 + (F4-F3)*0.382
once T6 = F3 + (F4-F3)*0.618
once T7 = F4 + (F5-F4)*0.382
once T8 = F4 + (F5-F4)*0.618
endif

//Snow lines
if levels >= 3 then
once S1 = F1 + (T1-F1)*0.382
once S2 = F1 + (T1-F1)*0.618
once S3 = T1 + (T2-T1)*0.382
once S4 = T1 + (T2-T1)*0.618
once S5 = T2 + (F2-T2)*0.382
once S6 = T2 + (F2-T2)*0.618
once S7 = F2 + (T3-F2)*0.382
once S8 = F2 + (T3-F2)*0.618
once S9 = T3 + (T4-T3)*0.382
once S10 = T3 + (T4-T3)*0.618
once S11 = T4 + (F3-T4)*0.382
once S12 = T4 + (F3-T4)*0.618
once S13 = F3 + (T5-F3)*0.382
once S14 = F3 + (T5-F3)*0.618
once S15 = T5 + (T6-T5)*0.382
once S16 = T5 + (T6-T5)*0.618
once S17 = T6 + (F4-T6)*0.382
once S18 = T6 + (F4-T6)*0.618
once S19 = F4 + (T7-F4)*0.382
once S20 = F4 + (T7-F4)*0.618
once S21 = T7 + (T8-T7)*0.382
once S22 = T7 + (T8-T7)*0.618
once S23 = T8 + (F5-T8)*0.382
once S24 = T8 + (F5-T8)*0.618
endif

Thank you , this is the Calculation for the whole Lines. So this I use for example in NT8 ? Can you tell me how to do it. Or where I can read up on it how to implant it? Thank you for your help

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srgtroy's Avatar
 srgtroy 
Los Angeles, California Republic
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I thought it was done just by fractalizing fib retracements -- ie -- placing them inside each other. For instance on SPX:




It is an interesting methodology. The price of this free info is you have to let us know how it works

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Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
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cory's Avatar
 cory 
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toughtrades View Post
Thank you , this is the Calculation for the whole Lines. So this I use for example in NT8 ? Can you tell me how to do it. Or where I can read up on it how to implant it? Thank you for your help

NT8 has builtin @CurrentDayOHL and @Pivots that calculate High and Low you just need to copy the code and add more lines from those calculations.

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Rrrracer's Avatar
 Rrrracer 
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srgtroy View Post
I thought it was done just by fractalizing fib retracements -- ie -- placing them inside each other.

Very interesting @srgtroy, I've not seen that done before... also looks like it could be a source of great confusion at the same time

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srgtroy's Avatar
 srgtroy 
Los Angeles, California Republic
Legendary  R.I.P. 1965-2023 
 
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Rrrracer View Post
Very interesting @srgtroy, I've not seen that done before... also looks like it could be a source of great confusion at the same time

I'm just trying to confuse everybody else...that's my edge

There is a cool symmetry to it...it might even work but I haven't really had the time to try it. The good news is you don't need to program anything. Just use the standard fib retracement tool...like a crayon.

R.I.P. Roy Goldberg (srgtroy), 1965-2023.
Please visit [url="https://nexusfi.com/off-topic/60226-srgtroy-r-i-p-brotha.html[/url] for more information.
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Rrrracer's Avatar
 Rrrracer 
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OK... for the micro scalpers and HTF guys, we shall put fibs inside of fibs... AND (wait for it!)... FIBS inside of FIBS inside of FIBS ad effing infinitum! Hey man, the markets are fractal in nature... lol...

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