Here's my new price level indicator for NinjaTrader. See this post for details. Good luck

Transient Zones - Basics

Hello everyone, Here's my price level analysis indicator I was talking about. It's for NinjaTrader (C#), not MetaTrader sorry. You set the low and high prices of the range you want to analyze (it will skip empty price levels), and the value of left ...

The similarity system

Ah, sorry mate, I've never used MT4 and don't know how to code in it either. But my bar indicator is no different from the current MT4 indicators (from Freefox, kprsa and Sciurus) from what I can gather, so no problem. Just noticed there's another ...

Transient Zones - Basics

Hi Vlady, For completeness, here's mine too. Note that this is a NinjaTrader version, not MetaTrader! This is the one that gives bar statistics and shows UTZs. A new one that gives price level statistics will be available soon. Cheers

Transient Zones - Basics

This recent discussion about the probability of two consecutive TZs is very timely! I've almost finished my new NinjaTrader indicator that focuses on price levels rather than bars. Will post it here when it's ready. I was also a little surprised by ...

The similarity system

Hello everyone, Someone asked me offlist for a copy of my NinjaTrader TZ indicator, so I thought I'd post it here in case anyone else might need it. I haven't done this previously because it seems that all members are almost surely using MT4! ...

The similarity system

Thanks for the clarification, Eurusdd. I'm trying to code something which will hopefully give a more accurate value of minimum h. Just one question - does the 97% figure include overlapping h-recurrent zones for a price level p? In other words, if ...

The similarity system

Yes, I was talking about bars, not pips (prices). Within the 21% of bars that don't get fully revisited, some of the pips within the bars will get revisited. So the probability of individual prices getting revisited is higher than the probability of ...

The similarity system

Following on from this post, it seems safe to assume that the probability of returning to (aka "resolving") a potential TZ within h bars to the right of the middle bar is almost 80%, if h is set such that 3% of all the bars contain full TZs. But ...

The similarity system

Kind words are always appreciated, wireash, but I'm a minor contributor here. Better to thank Eurusdd and the main contributors for the great ideas and for stimulating such interesting discussion.

The similarity system

Thank you Jay. What's more, if that 79% probability is accurate, then it follows that the probability of price returning to any bar on the chart (PTZ or not) is always close to 80%. I can prove that tomorrow, but it's late now in Japan and I need to ...

The similarity system

Sorry forextarget, I don't understand your question.

The similarity system

No, I meant where h is set such that 97% of bars on the chart are recurrent (either left-only, right-only or fully recurrent), even if the chart contains 23 million bars of data. In that siutuation, the probability of a potential TZ bar becoming ...

The similarity system

Thank you for your replies about my probability question. Yes, I understand what you mean, LiquidGenuis. And k's method is exactly what I was doing to obtain probability A (78.5%). You guys seem to be very good with statistics and ...

The similarity system

Hello everyone, There seems to be a lot of debate and confusion about probabilities at the moment, both on this thread and vlady's thread. I admit that I don't have much background in this subject, and by the looks of it I'm not the only one. I ...

The similarity system

Hi cfd, yes I was talking about 80% of PTZs getting resolved (revisited). If we were sat together with charts, calculators, pencils, paper and beer then I'm sure we could thrash this out much easier. But we aren't, so let's leave it at that. Only ...

Transient Zones - Basics

Thanks Jim, for a moment there I thought I was losing my mind! It's hard to disagree with the cold hard bar counts in front of your eyes. And thanks cfd for editing your posts to reflect your mistake. And so, I'll repeat my warning for the newbies: ...

Transient Zones - Basics

Hi cfd, I'm afraid I can't dispute this without seeing kprsa's indicator, which is impossible for me right now. I just assumed that the "97% / 3%" you were talking about in his indicator was "97% recurrent bars / 3% TZ bars", not "97% potential TZ ...

Transient Zones - Basics

Beautiful post, Chicky. I fully agree! Thanks mate

EURUSD

Hi Gregoryy, I personally feel that the probability of this (bold statement above) is less than 97%. It's more like 80%. Please see my post on page 14 if you want to see why. I think the 97% figure is dangerous and misleading to people who are new ...

Transient Zones - Basics