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The Valley of the Rainbows


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The Valley of the Rainbows

  #31 (permalink)
 astra68 
Germany
 
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Thanks! That is what I'm looking for and trying to evaluate:
the Trigger to buy / sell in the Valley.
till now I trade S/R after retest and continuaton

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  #32 (permalink)
 
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 max-td 
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Nice explaination WH !
also again to websouth - lots of good stuff for a weekend-studie session !
thanx

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  #33 (permalink)
 
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 Saroj 
Arcata, CA
 
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websouth View Post
I think time frame depends on your risk tolerance. But count to 3 and repeat. Day in Day out.
I made this shaded template off of WH's GMMA mod which I really like.




Attachment 2579

websouth, thanks for your posts and templates... you make it all so clear

what do "CD-Mid" and "CD-High" refer to, please?

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  #34 (permalink)
 sukhsan 
Ottawa, Canada
 
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Saroj,

it is Current Day Mid and High

SSS

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  #35 (permalink)
 
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 sefstrat 
Austin, TX
 
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You don't always need a rainbow to find a valley, sometimes the jagged overpass is a more direct route

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  #36 (permalink)
 
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 websouth 
Perdido Beach, AL
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...and the prize this year for best modern Art trading chart goes to ..... wait for it....wait for it....... Sefstrat


interesting stuff Sefstrat. You are a clever one....

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  #37 (permalink)
 astra68 
Germany
 
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this book :

Joe Ross - Trading the Ross Hook

and
your modernArt template
are pushing my setup ;-)

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  #38 (permalink)
 
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 sefstrat 
Austin, TX
 
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websouth View Post
...and the prize this year for best modern Art trading chart goes to ..... wait for it....wait for it....... Sefstrat

Hehe yes actually the drawing code in those indicators is probably one of the most complicated parts..

I am using HSL color wheel to automatically generate a spectrum of colors given a few inputs, kind of similar to how the gradient tool works in photoshop.

fyi, the code for dealing with HSL colors is in my utility library which is posted in elite section with d9particleoscillator

Also soon I plan to post wavelet indicator which is the basis of all of those in the screenshot. They are all non-linear modifications of the Haar wavelet, which is the most basic wavelet transform, it is equivalent to Guppy MMA with weighted averages and using powers of 2 as the periods.

The ones in the screenshot exploit the characteristics of fractals by observing the history at sparse points. In other words it looks at the value x amount of bars ago compared with the current bar but does not consider the points in between (hence why they are non-linear). If you were to look at that on a single scale it would not be very useful, but when combined into a multiresolution framework it becomes incredibly useful.

Edit: also, I highly recommend the Joe Ross book that astra linked to above, his work was very influential to me in developing my core strategy (concept of how 1-2-3 defines trends, traders trick entry, etc..)

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  #39 (permalink)
 
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 websouth 
Perdido Beach, AL
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Put your favorite paint bar study on top of a wave and see if it makes you look at things differently. To me it adds structure to the madness.... of course to you it may just be more madness.


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  #40 (permalink)
 
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 websouth 
Perdido Beach, AL
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Wilder used an ema wave - 7,10,14,16,20.

with the new-slope-based-no-repaint-coloring-super-magic-gonna-outdownload-cory-indicators



now in the download section we can do democratic trading with no taking back your vote.... 5 votes for the trend direction... (dots) check the image...




don't be afraid to zoom out, try a different time frame, etc, shake it up some. Whatever helps you "see" price action better


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Last Updated on August 30, 2012


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