Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Is there a way to configure this indicator or any similar indicator to replicate Ira Epstein swing indicator? I leave video so you can see how his swing indicator marks the highs and lows.
Can you help answer these questions from other members on NexusFi?
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,020
, this video did not focus on explaining the fundamentals of his swing indicator. It shows the arrows but does not explain them. My guess is that you have not really looked at PAS to see that it will show highs/lows as well as higher highs and lower lows.
Please experiment with the indicator settings. Then find a video that explains his system. Now expound on the inherent differneces of PAS to Swing and try to offer a reasonable modification to bring them in line.
There is not such video. It´s not difficult to compare how his indicator marks the swings and to deduct the differences with a regular swing indicator, that is the easy part. The difficult part is to program the differences in the swing indicator because PAS or NinjaPriceAction do not offer the necessary adjustments to do it.
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
Posts: 1,394 since May 2011
Thanks Given: 1,719
Thanks Received: 1,020
from the video it looks like his swing is just using a swing size of one (1) rather than PAS where people usually look for longer periods before declaring a new swing.
Try going to "parameters" just above the Data Series. Change the Swing Size to one (1) then try tick instead of standard or other options to see if it matches over time. You could do it and look back at his older videos to confirm the match also.
Settings size to 1 and in type "percentage" doesn´t cut it completely. For instance, weekly candle in the ES-emini on September 18th, in Ira´s indicator there is a swing. The reason is that even though the candle closed lower than the previous candle, it has a high that is higher than the open of the previous candle. Some programming adjustments need to be done for that, I believe.
Using PriceActionSwingPro, Nt8, is not drawing the swing for the candle of September 18th, settings type "percent" swing size "1". Data Series: price based on "last", type "week", value "1". Trading hours "Use instrument setting".