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)
Hey, thanks a lot the indicator is working awsome... I just wanted to point some improvemente we could do.
As FT71 is using, we could also mark in the rotations indicator the number of points of each rotation. Also could be great to do it with the cumulated delta indicator but this another history...Hope someone could help.
Another improvement could be to chose between points or ticks on the rotation, as now it is only showing ticks
thanks [img]https://preview.ibb.co/igCm0A/borrar.jpg[/img]
Here a better screenshot [img]https://preview.ibb.co/mZ1ktV/borrar-2.jpg[/img]
Reviving the "older" thread a bit.
This is indeed a great indicator.
@pep17 I'm curious what it is you're asking. I'm sorry but your pictures are kinda tiny and won't expand well.
Where are you asking the rotations indicator to be marked for the number of points for each rotation?
Where are you asking for the number of point in each rotation to be displayed?
What precisely are you asking for the Cumulative Delta indicator to do?
I apologise if I don't follow what you're saying I just want to make sure to get it right.
Cheers
Hi ! I came across this concept from FT71 like everyone is talking about here. Bigups to amoeba for sharing the updated version . However , I am having doubts as to how should I calculate what to put on the the parameters . FT71 says he uses it for the last 20days(lets assume no major vix change)
So when I download the 1 min OHLC data on my excel , should I limit my study of fractals to a particular timeframe ?(as he talks about timeframe as well) . Say I trade 3 min timeframe and hence I put 6 mins ie 6 bars and see the maximum upmoves without cutting the current or previous low and similar for downmoves? Then calculate both positive moves and negative moves and feed it on the indicator?
Please suggest how I shall calculate the rotation for the market I trade.
Not sure if this is exactly what you are after but I have another indicator that uses fractals to calculate the rotations then bins the rotation lengths to calculate 1st & 2nd SD's.
It has two inputs, number of bars included in the fractal pivot & minimum ticks between H's & L's.
I believe FT used 5bar fractals to calculate his rotations. (this could have changed)
Thank you for the quick response !
BTW , I like the statistics you provided for the last indicator and if you could please provide a perspective on how I can calculate the rotation on excel so that I can feed proper data into your indicator . I did try my best but different people do it differently . But your indicator(the last one , not this one) looks a lot like FT .
What I had done was..
Basically what I had naively done was fix a time period . I downloaded 1 min data(I have access to 1 minute open high low close for the last 40days) .
My logic was based on 6 minutes ..so I have six 1 minute OHLC . then I used a logic to see if current 1 minute bar's low is greater than last 1 minute bar's low and I continued it for 6 bars and saw on average ,in 6 minutes, how much continuously price is making higher highs and higher lows . The calculation stops if it cuts the last 1 min bar's low and I calculated the retracement. This was for upside moves. I did the same in reverse for downside move. But while using renko or range bar , its devoid of time WHICH MAKES MORE SENSE TO ME .
Should I do the same study without the time filter and see everyday for the last 40 days how much price moved continuously up vs down and feed it to your indicator ? Anything you suggest? Please reply on your own time . And thanks a lot again for the indicator . I am just confused as how to calculate it
I think this indicator does the calculation you are looking for, it is not for showing the current rotation size like the other one, I use this one to calculate what my 1sd & 2sd levels should be to input them into the other indicator.
If you have a look at the screenshot in the top left corner you can see what the 1Sd & 2Sd rotation sizes are based on (x) bar fractals.
So , I set the chart to 1 minute and load 20days chart and load the fractal and set the maximum lookback to ‘infinite’ rather than 256 bars so it looks into the whole 20 days (I assume)
Mode up and down is average (in ticks)? So if its 10 and my market’s minimum tick size is 0.05 , its 0.5 ticks avg?) and 70 percentile is approx. 1 sd and 90 is 2sd(shouldn’t it be 95?) ?
I feed the data in the previous rotation indicator . I put the mode up down value as rotation size , and 1sd and 2sd I put the values of 70 and 90 percentile respectively . While the indicator does not have a mark for 1sd and 2sd , I just remember the sd values and watch the points as they move and see if the points breach my 2sd values .
This is for 1 minute time frame and obviously I will do it at a higher timeframe .
So am I doing everything right here?
I will have to check my RotationsNT8v1 indicator to make sure it is doing what it is supposed to do, I cant remember how it is calculating its 1sd & 2sd, I will have a look and post back.
Okay thank you ! I will wait for your response .Also please let me know if I am using both the indicators properly . Another thing , I find you are using it on range bar . Shall I use it on renko ?
Lastly , I am new to this forum . Please guide me to discussions about rotation studies and strategies if you can . Also let me know how I can make it up to you for this fantastic indicator and serve the purpose of this community in my limited capacity . Thanks a tonne !