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Active GeoKing - Triple Auto Swing Indicator for NT8
Hope you are all doing great. I'm putting together this thread so I can share some of the features and functionality of ActiveGeoKing, an indicator that I spent many years developing and improving to support my own trading. The indicator has extensive features but no documentation, so I am happy to answer questions here for anyone who sees value in using the indicator to support their trading.
GeoKing in its full version is available for anyone to download and use and can be found in the indicator download section for NT8 on this site here https://nexusfi.com/local_links.php?catid=27
What is GeoKing?
Geoking for NT8 leverages its own custom layer built on top of the zig zag indicator to automatically identify the three most relevant swings of any chart. A feature-rich toolbar allows the user to quickly shift the identified swings to their preference.
The identified swings are used to generate a wide array of technical price points based on Fibonacci retracements and extensions, as well as pivot highs and lows, floor trader pivots, 3 day balance line, market open, trendlines and corrective/impulsive measured moves from Elliot wave theory. These price points can be considered areas of higher significance for the trader to consider potential future support and resistance to occur. In my experience when multiple significant technical price points cluster together in a tight range, these can be good areas to control risk in entries for rejoining an established trend at the conclusion of a retracement.
For anyone out there that is familiar with Bryce Gilmore's book "Trading to Win", this indicator will be recognised as highly aligned with his method of trading. The indicator utilizes an XABCD marking system, also common in other methods of TA.
Inbuilt algorithms detect when price points are invalidated by market movement so as not to display irrelevant price levels wherever possible.
Reporting of price points and swing measurements are all displayed on the screen and can be toggled on and off using the toolbar for all swing degrees and price level types.
The indicator options provide an exhaustive list of configuration options for tolerances and customized ratios for the user's preference.
Who's it for?
It's for anyone that appreciates the art of tracking swings (especially in multiple degrees simultaneously) for understanding the unfolding strength/weakness and identifying significant price points relevant to changing market structure and controlled risk market entries. This indicator is for any market and any time frame.
On it's own, I think that this indicator has value if only used for the automatic swing identification for the purpose of tracking of previous highs and lows and trendlines that are in play for support and resistance. The indicator looks far back so there have been many a time where it has identified or reminded me of a far-back price point that I would have overlooked without it.
That said, once swings are actually identified, they can be used for the generation of other price points of which the indicator offers many. Geoking can be used effectively for a small spectrum of technical identification or the whole lot, whatever the trader chooses. The settings for GeoKing are all exposed to the chart template so saving the chart template means the settings will persist on reload.
This Thread
The plan is to drop in and out here as time permits to share features and uses for the indicator, post by post. If there is interest, I would be delighted to answer your questions.
In the top right corner of the chart, you will notice SML, MED and LGE printed in either RED or GREEN.
GREEN = Trend up
RED = Trend down
SML is the smallest Zig Zag swing being PINK in colour on the picture in the post above. It is impossible for PINK not to be the smallest as the swing identification algorithm builds away from SML to create the MED swing and so on.
Trend tracking is simply:
Lower Swing Lows = Down Trend
Higher Swing Highs = Up Trend
Example of use:
When the SML trend is the opposite of the MED and LGE trends, countertrend trade opportunities may be more favourable.
Happy Trading 🚀
Here is an example of the SML trend UP with MED and LGE down on the ES today.
Adjustment of Zig Zag swing sizes is generally handled effectively using just the AutoSw feature.
Clicking the pink + and - buttons on the left of the lower toolbar will adjust the SML swing (pink), making it larger and smaller. The MED (green) and LGE (blue) swings will automatically adjust in algorithmically determined deviations upwards from the SML swing, as shown in the video.
All technical levels such as trendlines, Fibonacci, and high/low's which are measured from the swings will automatically update immediately with swing changes.
For certain circumstances where minor adjustments need to be made to each swing independently, turn off "Autosw" by clicking the button, each swing can be adjusted independently with the color-coordinated buttons from there. This is shown in the final part of the video where the SML swing is adjusted to the downside without impacting the MED and LGE swings.
NOTE: The feature will not allow the SML swing to match or become larger than the MED swing, attempting to match the swing sizes will result in the MED swing largening to protect the size relationship.
I don't want to be the first to comment, assuming that's ok to do, but something needs to be said here.
"goodness me" or "good gracious" or "man that's cool" perhaps (?)
Clearly folks down under have either too much space or too much time on their hands or quite possibly both, but either way it results in this kind of expert wonderment.
It does so much that's so useful and with elogant simplicity which might seem a contradiction considering the effort and sophistication that's been put in to this.
I'm convinced there's even a button that will make a cappuccino.
This is long winded way of saying a sincere thanks to you kind Sir.
The Cluster Ladder is a vertical graph that shows when multiple technical price points are within close distance of each other. The philosophy is that the more technical price points in a small range, the more likely that the market will see buy/sell pressure in that area when the market is trading technically.
Multiple technical levels in a tight range provide opportunities to know when we are wrong quickly, controlling risk while having a crack at catching a long run.
- Each price level is a value of 1 (horizontally) on the ladder.
- Each price level is to be considered a region on the ladder ranging from 3 points wide to 9 points in range (vertically) depending on the swing size it comes from. The larger the swing the technical level is calculated from, the larger the region on the ladder. The additional marking on either side is described as overbalancing.
- When two price level regions overlap, they stack on top of each other horizontally on the ladder, widening the ladder in that area.
- When 3 regions overlap, it becomes a trade area, marked in yellow. (text box appears with trade info)
- Sensitivity can be adjusted with the + and - next to the cluster ladder button, this increases the region (vertical size) of each technical price on the ladder, increasing the likelihood of overlap and therefore trade identification but reducing trade quality.
- The indicator properties allow the trader to include/exclude technical level types from the cluster ladder, see pic below.
*NOTE** There are known bugs with the cluster ladder display. If it disappears, click the button on and off.
Hi Jae2jin, You're welcome, and thank you for the feedback! Hope you can take some points from the market with it.
These are good points, taken into consideration. Ill update when and if changes will/have been made.
Cheers.
Here are three relevant technical philosophies that Geoking will help day traders track.
See the image below for color-coded arrows pointing out the following 3 functions.
3DB - Three-day balance. This is the 50% point of the last 3 days of trading. Bryce Gilmore used this as an indicator of strength and weakness, where trading below the 3DB was more bearish sentiment and above, bullish.
OPEN - Open Price of the Day. Based on the template the chart uses, when the day clicks over the opening of that bar is marketed as the open price. Daily open price can be important to watch on certain days, whether gap closes, as a technical price point to add to other converging factors, or to track whether the day will be down or up on the daily chart.
REMEMBER: If you want to see the prices for each of these points on the chart, click the"PR Lbls" button in the bottom right of the toolbar on.
1) I'd like to change the colours of the SML MED LRGE letters at top right, either via editing your code (although I couldn't find where) or if possible the option can be included in indicator settings. I couldn't see this in the existing indicator settings.
As they are it's difficult for me to see against certain chart background colours. (getting old)
2) Just a thought. An option (if at all possible) to have the tiles positioned at the left of the chart. So it would create a letter "L" shape at the left side of the chart. Alternatively a button on the NT menu title bar (top of chart) to toggle On/Off the entire tile display.
