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Dorschden: Great indicator. I have one question. When the ABC pattern appears there is a green or red line that appears - almost like a support/resistance line. Should price move up these lines will "step" up or down depending on what price is doing. What do these lines mean? Thanks a bunch for all the work that you have put into this indicator.
Can you help answer these questions from other members on NexusFi?
I'm not sure, I understand you correct. You want a swing calculation mode, that calculates the swings on the number of ticks the move is made and if the move makes X ticks, then a new swing is found. Is this correct? I plan do add this kind of swings someday but not in the next few weeks.
Chuck,
Thanks for your thoughts on the UTC mode. I'll think about to re-add it again or whether I'll implement an option to calculate it on close prices. Nevertheless if you want more double bottoms and tops you can increase the "DtbStrength" parameter to 25 or whatever and you will get more DB/DT.
Mokodo,
You can use the dnFlip series or the newLow == true && updateLow == false variables for this. This gives you the points where a new initially swing is found. The DnFlip/UpFlip series are also available to other indicators or strategies.
Mystiq,
You're correct, I delete them accidentially. You can try the new version I'll post in a few minutes. Except the statistic all should work in NT 6.5 again, but you have to copy the file manually and maybe change the "GridCategory" to "Category" again. I don't have NT 6.5 anymore so I can't test it there.
No111,
I didn't test the code in the first post lately but I didn't see a problem with it. Is there any error message in the NT logs?
madelynnjohnson
When the ABC pattern appears there is a green or red line that appears... What do these lines mean?
Madelynnjohnson,
The green/red line for the ABC pattern is the entry line. If price closes above this line, an entry is triggered. The line is the X percent of the last swing. You can set the percentage in the "Visualize patterns" category in the property "Entry retracement".
I'm not sure, I understand you correct. You want a swing calculation mode, that calculates the swings on the number of ticks the move is made and if the move makes X ticks, then a new swing is found. Is this correct? I plan do add this kind of swings someday but not in the next few weeks.
dorschden
Yes, this is correct. Thanks for the reply. Looking forward to new functionality.
Regards
I welcome any feedback, comments and suggestions for improvement.
Please discuss the PriceActionSwing (PAS) indicator in this thread. Any comments or suggestions are more than welcome here. If you have a more private issue send me a PM or better an …
you get the latest version July 12th 2011 (I discovered it by reading the script)
I decided to make a little bit more public.
- Risk management (auto risk calculation for ABC pattern)
- Optimize for market analyzer
- Alerts for ABC pattern
If you use the PriceActionSwing indicator in the market analyzer make sure, that the statistic and risk management is both set to false. Under the plot property you can choose between some public values.