[BlowFish]

I tend to use day and upwards on intraday though no reason why you could not use an hourly overlay on a 10 minute (I have in the past). It all depends on what you want to see which depends on the moves your are trying to capture. I am not really trading from P&L charts at the moment though have in the past.

[jrob6519]

does it work on forex as well?

[Szymon]

Originally Posted by Angel »

Hi Szymon , in one of your post you wrote this:
"I have created a indicator for the the trend run, congestion entrance and congestion action".
Are this the indicators on the picture? This are for TS
platform or for other software ?
I know Drumond from many years , I think the first time that Ted sold the lessons . I did stop to use all the indicators because now I use Ninja.
Someone that did programmed this indicators for Ninja ?
Angel

Hi Angel,

the indicators that I developed are for TS Multicharts, I am going to put more effort and upgrade my ram on my computer, it looks like my computer is a bit too slow with 1meg ram on it, so I am going to get a brand new computer with a lot of horse power and attach four monitors as I developed other software that I use with Drummond Geometry. This is good because my other software calculates time and price points in future, combine this with Drummond Geometry methodology just gold.

Simon
good trading to you all.

[BlowFish]

Originally Posted by jrob6519 »

does it work on forex as well?

Any market. The method simply uses price data from multiple time frames.

[traderxman]

if you follow drummond in the least you know the nearbys are the indicator that is THE systems heart...developing code on this...i seriously doubt it since you would have had to crack a special program to get...

[BlowFish]

As I have mentioned to you before I first became acquainted with Drummond ooo I dunno early 90's. I thought I had proved my credentials then

Nearbys (and father out) areas are important but the key is to apply them in multiple time frames. In essence you want to see focus time periods nearbys holding in higher time periods key areas. There is an argument that the indicator is a crutch for those that don't have the skill (or inclination) to draw them for themselves. You'll notice that Charlie will frequently hand draw daily overlays on intraday charts.

Anyway with that caveat I have developed complete sets of indicators (including nearbys and fartherouts and the higher time period overlays) for Ensign (ran too slow) Neoticker and Tradestation. I plan on doing Ninja some time soon as its a good way to learn a platforms programming nuances as you need to use every trick in the book.

I used to have long converstaions with Ted about how the official indicators grouped stuff into nearby and furtherout areas. That was the one thing that he would not reveal saying it was proprietary . I believe that it was in fact because he did not know (the V1 indicators where developed by a third party....Cynthia someone or other if memory serves). So to cut a long story short I came up with my own algorithms to group geometry into near or far areas. Whilst not perfect I believe they are better than the official V1 versions. Sadly I don't have experience of the V2 indicators so can't comment there. I know Ted was impressed, he showed screens of my Neoticker indicators at the conference they did in err..... was it 1997...I cant remember exactly. This was to demonstrate what was possible at the leading edge.

Anyway whether any of that qualifies me as 'following drummond' I don't know. Don't assume that every one is restricted by the same constraints you put upon yourself, well when it comes to coding indicators at least.

[traderxman]

Blow...I lay at your feet with respect.

All due respect...drummond or P&L as he likes to call it...

Has its own faults with respect to the nearbys...

they are drwan by using the close of the last bar...

In other words for anyone else reading along here...the nearbys acan be drawn very differently because of a single tick difference.

Yes the originator will hand draw them by hand and disagree with software designed by Robin Mesch...she holds the rights to them.

Basing them solely on the 2 and 3 bar lines...many times changing hs mind indicating that the nearbys are also very subjective to draw.

Have all the software you mentioned and many years back got into programming also...NeoTicker etc etc

THe latest software finally adressed the TS software issues for multiple time frame usage for day trading...this is all based on the free work of Bamboo (i.e. ADE)

THe latest nearbys are called oncomings, again based on another algorithm as you called the last nearbys.

Lesson one clarifys the loss of the pldot...but using oncomings or subjective nearbys???

Hence the suggestion in the SFT's to use clear closes...its an interesting study of work...like your thots...no disrespect meant.

[BlowFish]

Thanks for reminding me who holds the rights to the original software. At the end of the day it is a remarkable body of work and its nice to see it discussed (though respect for the NDA makes full discourse tricky in the open). Of course in the early days it was all plotted by hand! Anyway I probably over reacted, not looking for adulation but simply establishing credentials (for what thats worth, on the interweb I guess it's wise to take everything with a pinch of salt).

As an aside have you thought about getting the V2 indicators? Whilst they certainly look comprehensive they seem a bit like overkill to me....unless you are pursuing back testing automation and all that malarkey.