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PriceActionSwing discussion

  #111 (permalink)
 dorschden 
Germany
 
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alex5000 View Post
Sorry I'm not sure, i did not write it. I know it sound silly. It would nice to have that function as a true Gann swing chart should. to adjust for the swings.

Also if possible merged with the priceactionswing indicator to have to Fibo levels etc..

Hey Alex,

thanks for sharing this indicator. I can try to add this Gann Swing as a new mode to the PAS indicator in the next update. Should the highs and lows plot with this lines or is a dot at the highest/lowest swing point enough?
Do you have a complete description how the Gann swings are calculated, or do you know where I can find this. Otherwise I take the logic of your indicator.

dorschden

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  #112 (permalink)
 dorschden 
Germany
 
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photog53 View Post
A quick question....have you considered adding "Mode" and "Median" to the statistics in addition to "Average"?

The PriceActionSwing indicator showed the 'average' swing to be 19-20 ticks both up & down....(my spreadsheet agree with your numbers)....
but the "MODE" (largest number of swings with the same value) was 13 ticks.
Slightly more than 50% of all swings were 13 ticks.
The large swings on trends shifted the 'average swing' higher than the size of swings that occurred most often.

The "Median" swing was 14...also below the average.

Mode & Median info could be helpful info to know for folks calculating intermediate support resistance zones, and having an automated way to do that could be helpful.

Hey Will,

thanks for this suggestion. I think this shouldn't be a big problem. I'll try to add this in the next update.
This will not slow down the PAS indicator. The statistic is calculate only once per swing.

dorschden

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  #113 (permalink)
 dorschden 
Germany
 
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wgreenie View Post
I just noticed the enclosed error message in the log, ie

Error on calling the 'OnBarUpdate' method for indicator 'PriceActionSwing' on bar 324: PriceActionSwing[barsAgo]: barsAgo must be greater/equal 0 but was -214

Hey Beth,

creates the PAS indicator regular this error messages? I never notice one of them on my end, but I normally didn't check the logs. I skimmed some of my logs and haven't seen any error message from the PAS indicator.

dorschden

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  #114 (permalink)
 dorschden 
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cory View Post
waiting for the yellow dot.
follow up, no yellow dot.

Hey Cory,

with a DtbStrength of 20 you had have a yellow dot



cory View Post
this swing indicator makes it real easy to apply other fib tool, tip: f9 then draw your fib ext.

BTW I think it's enough to trade consistently profitable with price action, some Fibonacci tools and a good money management and maybe some price patterns as an additional.


vegasfoster View Post
what yellow dot?

A yellow dot indicates a double bottom or top.

dorschden

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  #115 (permalink)
 wgreenie 
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dorschden View Post
Hey Beth,

creates the PAS indicator regular this error messages? I never notice one of them on my end, but I normally didn't check the logs. I skimmed some of my logs and haven't seen any error message from the PAS indicator.

dorschden

Thanks Dorschden for checking. I have a similar error message tonight per enclosed. I will monitor it for some days and believe it won't impact the indicator's performance.

Beth

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  #116 (permalink)
 
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 cory 
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a) "If something looks like a reliable pattern, it will likely trade like a reliable pattern." -Al

b) double bottom at 88.6 per teaching of roofer(George) at mypivots

c) couldn't resist one more bfly lunch trade

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  #117 (permalink)
 
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 cory 
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some day there is no bfly to be seen, this one spans its wings over 2 days.

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  #118 (permalink)
 alex5000 
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Hi Dorschden

Sorry for late reply, been going through some personal things. Re plotting the highest/lowest swing point is enough. But if you need info re gann charts below is the link. The key to plotting gann chart is inside days don't count. only swing highs and lows.


ASX Charting library - Gann

I hope this helps, and thank you for taking the time and effort

Alex
[IMG]file:///C:/Users/QP/AppData/Local/Temp/moz-screenshot.png[/IMG]

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  #119 (permalink)
 stibflo 
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Hello

Thank you for a wery useful indicator.
I have read about the code where you can monitor the PriceSwingRelation and use it in a strategy like:

if
(PriceActionSwing(pAS_SwingMode, pAS_Span, pAS_DtbStrength, 0.02, 0.2, 0.02).PriceSwingRelation[0] == 1 && CrossAbove(SMA(3), SMA(7), 1)
)

EnterLong(DefaultQuantity,
"");

But I want to test another way of using it, so I hope someone can help me with this question:

Is there a way that I can make a strategy with PriceActionSwing that enter short each time the indicator makes LH on the chart like I show on the picture?

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  #120 (permalink)
 dorschden 
Germany
 
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Lately I often was asked for the ABC pattern recognition. Actually I didn't planned to make it public for different reasons. But maybe it can help somebody. Of course the ABC pattern is not a Holy Grail but it gives you often a really good entry with a small stop and a good chance for a great move. I used it profitable for daytrading futures and EOD stock swing trading.

I'll uploaded a new PriceActionSwing version ( Download PriceActionSwing)with a part of my ABC pattern recognition code. I didn't test the code I implement in the PAS indicator in real time, but it should work. Otherwise you can used the PriceActionSwing_Old for the old PriceActionSwing version.

As always you can choose you own look and feel for the ABC stuff and set some properties in the indicator menu - category Visual pattern.

The next update with the GannSwing mode and the updated statistic will come soonest in a month or so.

dorschden




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