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)
No I did not program the paintbars..... this is a Sharky project. All it is.... is a paintbar study based on the colored moving averages. The original was a SMA.....then it went to a WMA..... then of course we had to see it in an EMA.... and last but not least it found it's way to an HMA. For me the HMA was exactly what I was looking for as I was already using the HMA in the "All you Need" set up. So......I'm very happy with this develpment!
But, I promised Sharky that I would not share it and I keep my word. So when Sharky is ready to release it I'm sure he will.
Jeff
Can you help answer these questions from other members on NexusFi?
Beside the fact that I am not showing the latest, greatest Sharky ECOBars (you lucky dog)...
1st HINT: Focus on the turning points, and I am not talking about the Zig-Zag dots that paint WAY after the fact (lag city). What I am refering to plots in real time and never re-paints (thank you Big Mike!)
2nd HINT: You can find the indicator that generates the difference (diamonds) in the Elite Member Circle section of this web site. (Please read the caution carefully)
what settings are you using for the dimonds the same one as posted in the elite section or did you make your own settings? i played with it but didnt find a setting i was comfortable with...sharky
Sure, the basic concept was to identify areas where volume and stochastics were favorable at a time when a "reversal bar pattern" occured. In actual use I have found the volume portion of this to be too restricting thus the reason for a .75 setting. So in general, Hi/Low stochastics coupled with a reversal bar pattern and a little volume sprinkled in will generate these signals.
Here are some features of the indicator:
- Specify the length (# of bars) to calculate Average Volume for
- Specify the Volume Multiplier that current bar volume has to exceed the average
- Choose a simple average or exponential average for volume calculations
- Specify the Stochastics Period D, K, and Smoothing settings
- Specify the Upper and Lower threshold values for the Stochastic
- Specify if you wish to use the Period D or Period K for the trigger type
- Enable/Disable audio alerts when all conditions met
- Customize the file name of the .wav files for Long and Short patterns
- Choose from Arrow, Diamond, or Dot trigger notification plot style
- Specify the distance away from Price to plot the trigger notification
Mike, if I have misrepresented the indicator please feel free to correct me...