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Trading Platform:	Rating: -
Release Date: 12-23-2007	Last Update: n/a	Installs: 2

Here's a screenshot

Attached Images

GuppyMACD.png (49.1 KB, 187 views)

Had to update the indicator because of a small bug.

Attached Files

GuppyMACD_v091.zip (4.3 KB, 46 views)

Hi Sparrow. My apologizes for my delay to answer your request, but you know, the rest days... I just read this thread yesterday....

I requested for help to do the Guppy MACD and Sparrow helped me to do this indicator to use in NT. Thanks again for this, Sparrow.

I am learning to use this indicator. I am not a master to use it. I am trying to substitute the indicator BoP used in the strategies of walterw. I am using it to detect divergences and also to filter the signals of the FXST3CCI indicator.

Walter suggested the signals of the waves of the FX Snipper that exceed the levels of 50 and -50, but besides to obtain the divergences with the G-MACD, my intention is to take waves of the FX Snipper that correspond to continuation, cases in the FXS does not exceed the levels 50 or -50, sometimes, it does not exceed the zero level.

I attached two charts in order to explain some basic uses with it. You can see there that but as it is, I believe that it is a good indicator that provides with much information, I do not know you who think about it... but remember, the most important always are the patterns, not the indicators....

Cheers.

Cattus
My best desires to all of you for this new year 2008.




I attach two charts with some signals.

Attached Images

	Ex G-MACD 1.png (101.3 KB, 73 views)
	Ex G-MACD 2.png (120.9 KB, 72 views)

Hi Cattus,

thank you very much for your explanation. I'm having my doubts about indicators recently, I'm focusing more on price action. Indicators have their use, otherwise auto trading wouldn't exist or Ronin wouldn't look at MACD/Sto/RSI, but I just can't seem to get anything out of them myself. I believe the main ingredient to Walter's system is Walter. Sorry for rambling .

Good luck Cattus, have a great 2008.

Hi Sparrow.

I know that you understand the importance of the price action, but anyway, let me tell you that about the different areas of the analisis, I have the following order of importance for those areas:

1st. Structure. There are important levels for each pair or another kind of instrument. The price moves from one level to other level.
2nd. Patterns. When the price react to the levels create patterns. Some patterns work better than others in order to predict the action of the price. Ms(Ws) are a good example of some kind of patterns.
3d. Indicators. It help to us to understand the momentum, to see specific signals, to see the action of the price like an oscillator (with its benefits), etcetera.

I always try to understand the market in my analisis by those order, but let me tell you that I fight all the time in order that the indicators does not rob all my attention, because it happens to me very frequently...

Well, I just wanted to comment that....

Cheers.

Cattus

Excellent approach Cattus

I am currently looking into S/R levels but far too early to see if it will be successful or not.
It's difficult dealing with fake outs, waiting for confirmation increases risk and lowers profit potential.

Cheers

I define in a simplistic form the structure of my charts, of the pairs like EURJPY:

Psychological levels: .00 or .50
Possible psychological levels: .20 to .25 or .75 to .80
High of the previous sesion
Low of the previous sesion
Open of the sesion
Pivot Point (only the central pivot point)
And to identify intraday important levels, I am using the indicators Swing(5) and Fractals.

Continuous reactions of the price on those levels indicate the strongest levels.

I do not use data of volume, because unfortunately the volume in the forex is not credible. The volume data can be very slanted to the data and strategies that use traders from where those data come.

All the levels I put, I understand that can be zones, not precise points of the price...

When you identify some techinques I will be happy to hear about them....

Salu2.

Cattus

Sorry, I forgot to mention the trendlines...

Cheers.

Cattus

I think we are looking at the same things then, I don't use the open though.
Here's something you don't have yet. Found it by accident today.

I'm just trying to scalp these levels, but since they are zones as you mentioned, it is quite difficult to tell if price will go through or reverse. I don't have any intention to go back to indicators.

Here's a link against MACD btw.

Cheers