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First let me say thank you for a great indicator, all your time and effort is really appreciated.
I have been coding the indicator into a strategy, however it appears to me that the PriceSwingRelation seems to lag behind the appearance of the HH/HL/LL/LH dots.
Earlier in post 97 you advised Beth not to use:
but to use Double top: "PriceSwingRelation[0] == -2" and "DnFlip[0] == true". Whilst this works, it seems late to me, sometimes triggering three to five bars later than the dot appears.
Is there any technical reason why you can't test for values in the DoubleTop / HigherHigh / Lower Low / DoubleBottom values?
Do you recall who did this for you? It would be good to get it to handle those outside bars correctly if possible then I think it lends itself to a really nice mechanical system.
A few people seem to be confused here. The swing detection can only be performed once price moves away from the potential swing point. The dots are created after the fact. How much price swing away is required before forming a dot is part of the indicator parameters.
This indicator can be used to assist in analysing price action and trend. Just please don't expect to be able to buy or sell where the dots appear...
Thank You for your hard work on this indicator....I have been using it for some time and I also use a modified SuperTrend, which I use to color my paintbars and use as my stops. I really would like to trade using actual price swings to color the price bars, and still use the atr for stops. If you could allow price bars to be colored by the price swings-using the Gann Swings that you will be working on. Hope this is possible...here is a link for a real visual look at what I was looking for.
I use my color bars on the Supertrend: PERIOD-10, Multiplier-3, Smooting-1, I use a 3 range chart CL and 6E, I filter it with a CCI 80-which we built into the SuperTrend. We use an 80 since it helps confirm using a 5 range chart. We do not take and originating signals only retracements. Once again thank you for your hard work. Mark
what do u think of working on an automated strategy for all the time in the market - my idea is just using price bars and HH - HL - LL - LH to enter and exit positions -
enter at the HH and go short - exit at the LL and go long at same time - if you dont get out then you keep on accumulating stock or contracts - you will follow the market and it does not matter if it is trending or sideways -
i have done it a little on live and manual trading but would be easeir and safer to do it on automation - would love to know if there is an indicator that can be incorporated or a way to calculate those situations.
I only have HH/HL/LL/LH price labels and % on my chart (per enclosed settings). Please play with the Swing Length option if you want to display price etc.
One thing i'd like to see in your jam-packed indicator is the possibility to have trend lines to link swing highs or lows and that would update until taken out.
Hi Beth,
I'm already displaying the swing prices and the %; what I don't want is the % but simply the HH/LL...swing prices.
It seems this simply setting is missing... uh!
Paul