Read the beginning of the thread where the indicator is. The indicator tells you how many candles is the current High higher than, or current Low lower than. In a cyclical situation this will correspond to the period of the cycle. k

The 3-plan

It is all related. TZ, Stoch, Zigzag, Donchian, BB, fractals... k

The 3-plan

Hey burnssss, if you want a simple approximate measurement of the cycle period without testing thousands of parameters and doing the correlation with the price, check out this indicator. In a cyclical market situation the numbers on the indicator ...

The 3-plan

Agreed, in other words the support/resistance were retested and have withstood the attempt. k

Transient Zones - Basics

Then its period is not equal neither to the cycle period of the price, nor to the multiple of the cycle period of the price. k

The 3-plan

The moving average is flat when its period is equal to, or is a multiple of the cycle period of the price. Essentially what EURUSDD is teaching here are the correct stoch parameters. k

The 3-plan

Hi there, I saw this post once (the entire thread is fascinating): url Additionally, there used to be a guy here called Gaston, who claimed not to use charts for his trading. I don't think he revealed much of his strategy, but his posts were quite ...

Quotes (price) trading

Wooohooo!

Transient Zones - Basics

hi Relativity, Thanks for your kind words. this fractal thing was meant just as an example. I agree with your philosophy about devising a viable trading system, much of this approach I learned from your threads. k

Preferred Timeframe for Trading

I first apologize to the readership to perpetuate this discussion in the similarity thread. Hi Ullen, if your indicator aspires to describe the true value of Forex pair, as opposed to the price, I would expect it to be much more interesting than ...

The similarity system

hi Jack, Problem bars denote confirmed transient zones. Fully resolved bars denote potential TZs that have become recurrent. This appears ok, as far as the calculation is concerned. I'll simplify the language in V4. k

The similarity system

Hi, it is not a "method", it is a property that can be taken into account when developing a method. This can tell you, for example, about the odds of hitting the SL (the idea is to trade away from the fractal, and place the SL on the fractal.) ...

Preferred Timeframe for Trading

Well, it obviously managed to confuse me as well, so no surprise. To repeat, h_left is the h value on the left hand side and h_right is the h value on the right hand side of the transient zone. The idea is to give a more general values of ...

The similarity system

My statement is incorrect, and I apologize for the error. The probability is about 60% in this case. The 50% limit occurs about 8 hours after the fractal is confirmed not to repaint. The 30% number is valid approximately 4 hours after the fractal is ...

Preferred Timeframe for Trading

Hmmmm, looking at this again after a while, there appears to be an error in my calculation and statement. Sorry. Let me go step by step and explain both the initial statement and the error I've made. In your first post the clearance ...

The similarity system

Sure, that's no problem once the alert function is in, and that is a common request. It will be done. k

The similarity system

Hi Jim, Can you please upload also the image for the same case, but with h_right=16? It will be easier to explain using your data. k

The similarity system

As for the new version, it looks as if there are people keeping the RecurrenceStatistic constantly on their charts. The code was sincerely not optimised for that (it was made to evaluate the probabilities and to help with the choice of h) , so I'll ...

The similarity system

Hi, the "true" transient bar is the one where the price has not revisited (edit: better to say, the price has not pushed through the zone) the mid-bar zone within h_right. The true fractal bar is where the price has not returned to clearing the ...

The similarity system

Fully and wholeheartedly agreed. k

The similarity system