[sundowner]

Hi PYenner,

I was trying to reply to your previous post and hit a wrong button. Now you've gone and complicated things.

What I was saying was that your indicators and Walter's trading ideas are already profitable...it's my errors that resulted in losses... but the horizon line (axis) still concerns me. That and inexperience and lack of understanding of what Walter was saying....as well, lack of chart time, yes.

I still found I was late to react. I thought maybe your ADX 4 might help.

Thanks for the new chart....It's going to take some study.

Regards and thanks

[PYenner]

Sundowner
I'm the sort of bone head that always has to make sense of things in my own dumn way and probably the hard way.
Yeah shouldn't have complicated things by adding 1hr charts.
Yeah adding some more lines can help make sense of things.
On 1min chart maybe also try adding adxvma6_12bar, but set it to 10 bars and maybe line thickness=2 so you can see it easier. Might give another view of where some HEs are.
Whatever helps...

[Armand]

Originally Posted by PYenner »

Sundowner
I'm the sort of bone head that always has to make sense of things in my own dumn way and probably the hard way.
Yeah shouldn't have complicated things by adding 1hr charts.
Yeah adding some more lines can help make sense of things.
On 1min chart maybe also try adding adxvma6_12bar, but set it to 10 bars and maybe line thickness=2 so you can see it easier. Might give another view of where some HEs are.
Whatever helps...

PYenner...now keep in mind I can barely get my indicators loaded. But looking at your second pix with second copy of 6_16 running in red on 1hr chart, set to 16 bars. Red line crosses under Blue line - Short. Red line crosses over Blue line - Long. Would have made for a very nice day!

But for now...I'm still studying the 5 minute settingups.

Thanks for all your contribution...Armand

[sundowner]

Hi PYenner and Walter.

Sorry guys,

One last post..then sleep.

I took your advice PYenner and really like the idea. The axis you suggested for the 1 minute I tried on the 5 minute... like to see what Walter thinks cause I think I still see his setups even though the axis is much tighter. The magenta line is your vma_6 12bar set at 10 PYenner.

What do you think Walter?


Regards

[PYenner]

Sundowner
Hadn't intended it as a replacement for the axis.
Just as a help in any pair.
EURJPY is a volatile pair, it might be difficult to find a good axis.
The axis line does a similar job to the old Magenta line on the fantail.
It needs to be a slow line but a volatile pair like EURJPY will leave it far behind on a centifugal thrust and will also cross it more extremely on a centripetal thrust or pullback.
EURJPY can also behave like a fairly normal pair at times too.
I'm not sure that there will be an answer to this problem.
The interpretation may just remain more complicated.

Walters interest in vwap may be some help with this problem.

I like the simplicity of the two line approach but I have this compulsion not just to "read" the market but to anticipate the next move and that last bit in particular gets me into trouble too often.

[PYenner]

Duplicating green lines from 5min and 1hr charts in a 1 min chart.

The Dark Blue line in the 1min chart has ADX_Bars=200 and it is very similar to a green line with ADX_Bars= 4 on a 1hr chart, now 200/60=3.3 but 4 or 3 are the nearest whole numbers.

In Walters template for 5min chart the green line has ADX_Bars= 4.
If a line is added to the 1min chart with ADX_Bars= 20, it will duplicate the green line from the 5min chart, 20/5=4 the green line setting.

So for 15min or 30 min charts, a similar process might be followed for duplicating green lines from those charts inside a 1min chart...

So where I suggested in a previous post to try a line with ADX_Bars= 24 in a 1min chart, a more sensible number would have been 20 since it replicates the 5min green line nicely.

[shreem]

Hello Walterw, just finished to read through this thread and I really like it. I really see that you forex research is taking a great shape. These new definitions with the combination of fewer lines make it even clearer.

Your videos are great as usual. I do also like EUR/JPY for sclaping as it is a great mover.

PYenner, thank for all your help in coding these indicators.

I really see lot of potential with this new refinement of the method.

Sincerely

Shreem

[unicorn]

Originally Posted by PYenner »

The ADX swings in only one direction, zero to one, some changes had to be made to get it to swing red and green. Removing the final stage (of three) made this possible but also made it "wild". The input is very sensitive and it had been the output stage that helped to reduce sensitivity to small changes under certain circumstances like pullback or reversal. The Bemac vma exploited that circumstantial lack of sensitivity in making HE's.
Both he and Walter were sharp in seeing its benefit.

Without that third stage, the signal swings like a reed in the breeze.
It is still an oridinary momenum signal.
It is still an ADX signal, but its "sensitivity curve" differs from ADX, its a real swinger.

Bruce

Thanks Bruce.
Why did you divide the components of the DMI oscillator by volume?

cheers
Unicorn