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I found another way to make The Worm. Using Eco2NEW2_SharkyPkg indicator, changing the defaults to FAST=3, SIGNAL LINE=5, SLOW=14 (to match your worm). It's missing the yellow Lo MoMo bar, but matches yours. I've included a shot w/ indicator panel, too. You have to change the Falling / Rising Histogram to HASH 90. Make all other plots TRANSPARENT. I like the concept of 2 charts, too & have used it in the past, but it can be a bit cumbersome sometimes. This may not work for you, but I thought I'd contribute & see if you or anyone else could get any use out of it.
After all, it's what you learn AFTER you know it all, that counts!
I took your idea and used it to approximate the 50 EMA. Check out the attached chart. Is this the type of thing that you are doing at the bottom of your charts? I thought it would be nice if we could use this same indicator and crank up the speed to show where entries should occur. (Still working on that)
It seems to me that this is a good way to stay on the "right" side of the market. (if you are a trend trader)
Jeff, I thought you had actually put the 50 EMA down in panel #2. I'll try your settings to see how they compare. You can also put the 50 EMA in panel #2, #3, etc & change the LINE to HASH and the size to 90, then squeeze it down. Although I think it would probably look the same as your method. - - - -On second thought - No!. Remember the "bar repainting" issue we had with the DoubleMAPaint_Sharky indicator (a line indicator we tried to force into being a Hash / Bar type indicator). Your use of the Eco2New2 with a 50 setting will be much more accurate than actually putting a 50EMA in panel #2 and changing LINE to HASH. The EMA WOULD repaint in Hash/Bar format. Your idea is better!
After all, it's what you learn AFTER you know it all, that counts!
The discussion concerning the "dots" had become contentious and it was decided amoungst those working on the "dots" that there would be no more discussion about the "dots" Besides the programmer is on vacation this week.
So, as far as this thread is concerned.....the "dots" are dead.
There is no one who knows anything about the "dots" that has anything to say about them.
