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Anyone knows about Voodoo Lines from Simpler Trading?
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Created: by toughtrades Attachments:3

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Anyone knows about Voodoo Lines from Simpler Trading?

 
Elite Member
Munich Germany
 
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Platform: NinjaTrader
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toughtrades's Avatar
 
Posts: 4 since Dec 2017
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Anyone knows about Voodoo Lines from Simpler Trading?

Hello,

I came across Voodoo Lines on the SimplerTrading HP, and Iīm 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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You did what?!
Indianoplace, IN
 
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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 Ė dark arts to some. But donít worry, you donít 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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Market Wizard
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Answer
This post has been selected as an answer to the original posters question Answer

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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Anyone knows about Voodoo Lines from Simpler Trading?-vd18.png  
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Elite Member
Munich Germany
 
Trading Experience: Master
Platform: NinjaTrader
Broker/Data: IB
Favorite Futures: Dax FDAX
 
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Posts: 4 since Dec 2017
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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

 
 
Don't Poke The Bear!
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Platform: Sierra Chart
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I thought it was done just by fractalizing fib retracements -- ie -- placing them inside each other. For instance on SPX:

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

Know The Rules Well So You Can Break Them Effectively
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Market Wizard
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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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You did what?!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6E, NQ
 
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Posts: 1,692 since Feb 2017
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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

 
 
Don't Poke The Bear!
Los Angeles, California Republic
 
Trading Experience: None
Platform: Sierra Chart
Broker/Data: CQG
Favorite Futures: ES
 
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Posts: 1,667 since Jan 2011
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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.

Know The Rules Well So You Can Break Them Effectively
The following 2 users say Thank You to srgtroy for this post:
 
 
You did what?!
Indianoplace, IN
 
Trading Experience: Intermediate
Platform: SierraChart
Broker/Data: CQG
Favorite Futures: 6E, NQ
 
Rrrracer's Avatar
 
Posts: 1,692 since Feb 2017
Thanks: 9,877 given, 5,897 received
Forum Reputation: Legendary


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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