[walterw]

Originally Posted by PYenner »

Second pix with second copy of 6_16 running in red on 1hr chart, set to 16 bars.

Nice overall trend... but would not be of much use for scalping...

It would really be a diferent type of timeframe strategy wich it can perfectly be done... cheers Walter.

[walterw]

Originally Posted by 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

too tight axis for my taste, will give to many false setups at the end... my two cents.

[walterw]

Originally Posted by 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

Yes Shreem, it is a nice refinement... the same old concepts in a more simplified context...

we simply look for centrifugal and centripetal setups... thats it... very simple stupid thing that the market its permanently doing... during this week as I post examples it will get even more clear... cheers Walter.

[walterw]

Originally Posted by cattus »

Hi Walter.

Well. Your comments make me think strong about the lifestyle. I guess I will follow the combination 5m with 1m...


I would like to take advantage of this post and attach a pic with some comments of the chart of 5 min that you used with the video "Lazy Centripetal Trade on EUR-JPY.swf". I add other indicator called Fisher with modifications of a guy called Yur4ik. I am not a coder, but I usually make modifications to the indicators in order to obtain Deltas or Signals. I modified the Fisher Yur4ik v2 indicator in order to obtain from it a delta signal, specially when the delta is above or below of zero line. You can see its signal like a circle of lime or magenta colors.

The intention of add this indicator is because I would like to obtain comments from you or Pyenner (or any member). May be some of you had worked with this indicator and you have value comments about it. I see that Fisher Yur4ik sometimes shows in advance the next movements (more than other indicators, including Chimp indicator). I want to use it like a confirmation of the inflexions together with the Chimp indicator, but I wish more information about it, if some of you know it.

I will appreciate your comments about Fisher Yur4ik indicator and my notes on the picture I attached here.

Thanks guys.

AgustÃÂ*n
cattus
"I do not know the key of the success, but I know that the key of the failure is to try to make happy to everybody" Woody Allen

Cattus I see a great improvement on your centrifugal and centripetal pattern recognition... nice chart with comentaries of the setups...

About the fisher oscillator on 5 min I like how he plots this signals (lime /magenat dots) on 5 min ,
it could be used for timing purposes only if it doesnt repaint... other wise it would not be reliable... I will test him this week... thought so far our timing is done on the 1 min chart for "very specific entries".... so I will also test him on a 1 min chart with input 50 ahahaha¡¡¡

please keep this interaction ¡¡ cheers Walter.

[walterw]

Originally Posted by PYenner »

Walter may be enjoying some "lifestyle" so I will say something,

Hey Bruce I had a rocking Saturday ¡¡¡ pure enjoyment ¡¡ so I am on my total energies for this trading week.. My Lord ¡¡¡ cheers The Happy Chimp.

[walterw]

Originally Posted by 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.

We all know that eventually we could have all our "setuping" and "timing" lines just in a one minute chart... Now as I wanted to explain where do all this centrifugal and centripetal setups came from, and what are the intrinsic concepts behind them, it was much more didactic to show them on a 5 min chart...

you can perfectly translate the spirit of a 1 hour trend and the medium trend of a 5 min chart all into a 1 min chart alone... but we can start doing that when we all feel we really grasped the base concepts...

for example ( I dont want to get anybody confused here, just an example)...

look at this 1 min chart how we can translate lines from a 5 min chart all together...



so eventually it could be done... cheers Walter.

[unicorn]

Originally Posted by PYenner »

I'm not sure if I am answering the right question here.
If I have answered the wrong question then please try asking again.
Bruce

Hello Bruce;

I was referring to this:
//+------------------------------------------------------------------+
//| Chimp2_1.mq4 |
//+------------------------------------------------------------------+
//Revision history;
//Chimp2_1 is a hybrid between earlier Chimp1_n and Chimp2_2 which uses Price/Volume instead of price.
//
for(i=i; i>=0; i--) //Main loop begins after history bars filled.
{
PDM[i]=0;
MDM[i]=0;
if(Close[i]>Close[i+1])PDM[i]=Close[i]-Close[i+1];
else MDM[i]=Close[i+1]-Close[i];
PDM[i]*=PDM[i];
PDM[i]/=Volume[i];
MDM[i]*=MDM[i];
MDM[i]/=Volume[i];
PDM[i]=((WeightDM-1)*PDM[i+1] + PDM[i])/WeightDM;//ema.
MDM[i]=((WeightDM-1)*MDM[i+1] + MDM[i])/WeightDM;//ema.

best regards.
Unicorn.

[PYenner]

Hi Unicorn

You had to ask the complicated question...
At the time the chimp oscillator project came up I had been working on an "efficiency" oscillator which shows how efficiently money is being used in the market if it is intended to produce price movement that is big enough to be traded. Another way of saying that is that it shows "smart money" spikes at the start of a ladder and it can also do the opposite during stages of an HE when you get a series of candles 3-5 pips long, but the price doesn't go anywhere useful, that produces a zero reading. At least that was the intention.

Now I have not got any further with the efficiency oscillator.
I made a version of the Chimp with the volume term included, my intention was to run a volume Chimp next to a regular Chimp and confirm that it was doing the expected job of accentuating the start of a ladder and helping towards giving a zero reading during HE. But you will only see the zero reading effect well if you use very little smoothing so that it shows something closer to momentum with less price mixed in.

Aside from one effort to confirm that it was having something like the intended effect I have not had time to develop it further or study it further.
It is currently on the back burner and likely to stay there for some time.

I seriously don't want to get into opinions on smart money, it is not what Walters thread is about.

Use of the volume term may be another reason why Chimp swings a bit differently and accentuates small HEs better, but again it really needs its own thread if and when it develops further because there are different ways of dealing with it.

You are probably concerned that dividing momentum by volume looks like a drastic thing to do that will alter everything but it has a modest effect within the ADX. There are two stages where a division is used, diff/sum. These progressively normalize the signal to a zero to one range, but in the process they largely remove the intrusion from the volume term. It is not as drastic as it looks and it relies on the normalization to keep it from being drastic.

Also in forex alone, volume has the same units as price, effectively pips.
So where you see price or momentum divided by volume, it is similar to pips/pips and is to some extent like dividing one version of the price by another version of the price. There is plenty to be said but the time is not right and this is not the place but that may sound evasive, so I have tried to give some sort of an answer but it is nowhere near a full answer, needs more time...

Cheers Bruce.