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NexGen indicators and review (www.nexgent3.com)
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NexGen indicators and review (www.nexgent3.com)

  #191 (permalink)
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Hi Plethora, the explaination of the trigger lines are helpful....thank you! I did not buy it, I demo'ed them for 30 days...if you are a fibs person, or at least trade the 4X and 6E and do not have it, it should work well for you. Like I said I only like POC values, OHLC prior day and current. Just PM him...and get the real info., he's great to work with.

I do have a question....on the example on the trigger lines, short entry on have magenta color showing showing, and price is hitting the outer keltner, and the MACDBB is still out its BB outer band....now this trade is extended, but is it a trade entry on Nexgen, or do you wait for a pullback to enter. Also, what is the exit point, and how do they setup the risk/reward ratios for trade entries. Sorry for asking so much.


plethora View Post
So Mark, are you saying you purchased the Fibs from @Fat Tails?


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  #192 (permalink)
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I don't have Nexgen and never demoed it, so I can't answer your question. What time is the trade you are referring to?

Interesting that you were able to demo Nexgen for 30 days as the current demo is for 15. I signed up for the demo yesterday but haven't tried it out yet.

So may I ask what do you use for POC? Rancho Dinero, Market Delta, gomi?

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  #193 (permalink)
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I am sorry....I demo'ed Fat tails fibs zones indicator for 30 days. I have never used Nexgen other then looking at it with the copies that fat tails said where not a good copy of in a previous post in this thread. I was just assuming that they had an entry on the chart that you posted . I was looking at the system on that large short run starting at 7 am. I was just wanting to know how they handle the criteria for the entries and exits.....if you knew. I know nothing on how that system is traded.

For just a simple POC starting based on the Euro start time and carry it thru to US end. The indicator is dValueArea7. I trade it like PandaWarrior uses it. Using the POC and VH and VL as areas or zones to take trades. If you look at his thread it easy to follow, and I like them better then pivots, and fibs. I know that large volume traders use them, and the same the same way. Of course, using price action support and resistance. I hope that helps....Mark



plethora View Post
I don't have Nexgen and never demoed it, so I can't answer your question. What time is the trade you are referring to?

Interesting that you were able to demo Nexgen for 30 days as the current demo is for 15. I signed up for the demo yesterday but haven't tried it out yet.

So may I ask what do you use for POC? Rancho Dinero, Market Delta, gomi?



Last edited by tradermark2009; February 8th, 2013 at 12:39 AM.
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  #194 (permalink)
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Triggers!

OK, so we can both confirm that neither of us has traded the Nexgen system. Lol. If you're interested you can get a demo. Once you decide to cave, the lease is $5K a year. I believe they charge extra for the signals.

Funny you should mention the dValueArea - I just put it on my 4181-tick chart and have been watching it. I'll post the chart I was looking at today. Even my Trigger Lines are on that chart. I highlighed the POC in bold font before posting because I hadn't even been looking at it. Fascinating!

I didn't know Panda Warrior is using the dValueArea on his charts. Hippity hop over his journal...

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  #195 (permalink)
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Hi Plethora, Thanks for the charts...I trade an a scalp time frame, and use the dvalue, lately price has contained within the top/bottom lines and jumps of the POC one way other the other. Seems to depend on time,and what happened overnite. Like I said above that I like to use the time from the Euro start which helps to determine where the bias is already in the market....at least for me. Some days with chop it rides the POC whe the volume is weak. I stay out until it makes a second move with large trades to push the small stops and creates that little panic momentum. The key for me is to guage that momentum first by using a higher time frame chart of 3X or 5X of the entry.
I am updating my indicators otherwise I would post a chart. BTW, thank you for yours, and explaining the triggers.

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  #196 (permalink)
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Trigger Happy

Today's Crude

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Last edited by plethora; February 9th, 2013 at 01:20 AM.
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  #197 (permalink)
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Ribbon and Background colors?

Is that on Big Mike's?

Thanks

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  #198 (permalink)
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https://futures.io/platforms-indicators/16551-one-indicator-rule-them-all-3.html#post215143
Post 102
EMAMult21A

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  #199 (permalink)
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Regards Nexgen


Fat Tails View Post
I have coded a fib confluence indicator, which is not a Nexgen clone, but produces similar results. If you want to test it, send me a private message. It would be pretty easy to code a 1:1 indicator for the current alternate.

Hi there

IF YOU HAPPEN TO HAVE A REPLICA OF THEIR fIBS RETRACEMENTS PLEASE CONTACT ME BECAUSE I'M INTERESTED ON THIS

Thanks
RDMENDES


Last edited by RDMENDES; April 28th, 2013 at 12:40 PM.
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  #200 (permalink)
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RDMENDES View Post
Hi there

IF YOU HAPPEN TO HAVE A REPLICA OF THEIR fIBS RETRACEMENTS PLEASE CONTACT ME BECAUSE I'M INTERESTED ON THIS

Thanks
RDMENDES

@RDMENDES: I do not have a replica of the Nexgen fib retracements. I do not even know how they are being calculated - except that they are built from different types of fib lines including prior highs and lows, fib retracemtns, fib expansions and alternates.

The story of my own fib indicator is different and originally had not been influenced by Nexgen. My first attempt to code a Fibonacci indicator goes back to the year 2009, when I coded a FibonacciCluster indicator for NT 6.5. I have gradually developed this indicator, and the last version of it was CMIFibonacciClusterV93, which dates back to February 2010.

https://futures.io/ninjatrader/3315-applying-fibonacci-cluster-confluence-zones.html#post31285

I had then adapted the indicator to NinjaTrader 7, and it became anaFibonacciClusterV14, which can still be downloaded here

https://futures.io/download/ninjatrader-7/indicators/382-download.html?view

However, the FibonacciCluster indicator had several weaknesses, and finally I have not continued to maintain it for several reasons:

-> The underlying zigzag used by the anaFibonacciCluster is built on swing highs and lows of the swing strength 2 (meaning a swing high is a daily high which is higher than the highs of the two preceding and the two following trading days, similar for lows)
-> The anaFibonacciCluster produces too many lines as an output, it is impossible (!) to trade off all those lines
-> The indicator did not reflect well the Fibonacci lines over several time frames

I therefore needed to change the architecture with respect to these 3 points:

-> Use a zigzag which is based on a minimum deviation (similar to the NinjaTrader zigzag indicator), with the minimum deviation being defined as a multiple of the average true range over the lookback period of the chart
-> Use different multipliers for the average true range to calculate the swing higs and lows for different time frames
-> Use daily data to expand the initraday data to reduce the amount of calulations done
-> Calculate confluence zones by using a moving confluence window, in order to produce only areas with the strongest Fibonacci support and resistance

For the confluence zones each of 540 fibonacci lines is attributed an individual weight, and those weights are added up within the confluence window to determine areas of support and resistance.

This is clearly not the method used by Nexgen, and the only thing that those indicators have in common is that they exploit fibonacci confluence and display horizontal lines, which are supposedly areas of support and resistance. Of course, I only have confidence in my own indicator, as I have coded it myself. Dnaiel Kahneman would explain that this has to do something with anchoring, and is not reasonable at all.

Also this was more a historical excursion to explain that the indicator was never intended to be a Nexgen clone, but had a different history. The description above also tells you how to code your own fibonacci indicator. It takes some time, but there is nothing magic about it. Fibonacci Lines work particularly well, if they line up with other areas of support and resistance. For example, if I was to trade the Nexgen system - which I have never tried to do - I would certainly add some floor pivots and treat them in the same way as the Fibonacci Confluence Areas.

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