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A tool to measure angles and distance on your chart
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A tool to measure angles and distance on your chart

  #21 (permalink)
Market Wizard
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Logarithmic Spirals


srgtroy View Post
You're logic makes sense, although I do wonder what the proper "fixed" scaling is. How did they determine it back in the day of charts printed on paper. Anyway, from a practical point of view, you're 3-point rule is a good one.


The spirals are found widely spread in nature and are described in math since a long time:

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There are several interesting pages to the theme - a good one here:
Logarithmic Spiral -- from Wolfram MathWorld

GFIs1

PS: from my point of view - I am a practical guy

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  #22 (permalink)
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srgtroy View Post
@GFIs1

Great! I am very intrigued by the spiral so I'm glad to find info on it as there is not much that I kind find on the Internet. I will definitely visit your thread.

That said, my first issue is to be able to draw it properly Hopefully i will find the right answers in your thread or here.

http://www.dnaspirals.com/shared/LogSpirals.zip

Wave59 Bulletin Board

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  #23 (permalink)
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Hi @olobay

Interesting form of using the spiral - have not seen that both clockwise and counterclockwise
spirals are used in the same chart.

My approach is different (for the rotation rules see previous posts):
I am coloring the cycles different - cycle 1,5,9 have same color,
2,6,10 one other, 3,7,11 and 4,8,12 each of these cycles too.
So every color means a different behaviour of the price than other
colors.
It is too complicated to describe the behaviour rules here in 3 sentences on how
to trade that spiral touching so I will not deepen it here (maybe one example if there is interest).
That "behaviour" I filtered out of many occurences.

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Feel free to make your own experiments.

GFIs1

NOTE
Might be interesting to start a special thread to deepen the spiral theme and to not interfere
with the main original angle tool question here.


Last edited by GFIs1; November 16th, 2013 at 12:35 PM.
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  #24 (permalink)
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GFIs1 View Post
Hi @olobay

Interesting form of using the spiral - have not seen that both clockwise and counterclockwise
spirals are used in the same chart.

I have only been experimenting with the Spirals for a week or two, but I have been drawing both clockwise and counterclockwise, as the individual in the Wave 59 Bulletin Board, with interesting results. Perhaps a Spiral thread is a good idea.

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Last edited by srgtroy; November 16th, 2013 at 09:28 PM.
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  #25 (permalink)
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Fantastic find! More information than any other source i have found on the internet. Even talks about the scaling issue! Thank you very much!

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There's also this:

Untitled Document

Scroll down to Ken Churchill.

It's the last one here:

http://www.wave59.com/eshop/10Browse.asp

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@olobay Thanks! Are you using the spiral? Has it made you fabulously rich?

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No, I never got into the spiral. I was more of an ellipse guy. Wave59 is the software if you need to scale your charts and use geometry. I'm into price action now and it's a much better fit for me. When I was forecasting, I would trade my forecasts blindly, but I now prefer trading what I see, instead of what I think. Still, I can't recommend Wave59 highly enough. It's fantastic software.

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  #29 (permalink)
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olobay View Post
No, I never got into the spiral. I was more of an ellipse guy. Wave59 is the software if you need to scale your charts and use geometry. I'm into price action now and it's a much better fit for me. When I was forecasting, I would trade my forecasts blindly, but I now prefer trading what I see, instead of what I think. Still, I can't recommend Wave59 highly enough. It's fantastic software.

Yeah, I'm intrigued by the simplicity and universality of the spiral, but I have to admit, the whole "fitting" process to me feels somewhat like applying a rorschach ink blot to the charts. For now it will remain a hobby, and not a trading tool. Perhaps if I get better at it that could change. Certainly, the Wave59 software seems perfect for pursuing the more esotertic trading methods. Thanks for the info!

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trendisyourfriend View Post
Ever wanted to measure the precise angle between two pivots ? Here is a floating tool to do it:

Screen Protractor - Easily Measure any Angle on the Screen with this onscreen protractor tool

Or measure the exact distance of a swing in the units of your choice:
Screen Calipers, The Unique On-Screen Measurement Tool

Thanks for starting this thread, it's reminded me of some analysis I wanted to do.

PS You can get a fully functioning protractor that in my opinion is better from Sourceforge

OnScreenProtractor | Free software downloads at SourceForge.net

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