Price Patterns(Gartley,Butterfly,Bat,...) - page 19

 

:)

Nice day...

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Ya gotta like when they work........!!!

 
spektr:
Nice day...

Spectr, I realize your Fibo lines are not an indicator but customize levels. Can you please tell us what levels mean what? I see 0 is neutral and 61.8 is Target and 1 is Good Luck. But what are the other values like stop loss and entry? If you can tell us I will set it up and post a screenshot of how to do it for those who are interested since English is not your native language.

Also, does anyone have the latest ZUP indicator. Its Zup v71 I think.

 
lepiricus:
Spectr, I realize your Fibo lines are not an indicator but customize levels. Can you please tell us what levels mean what? I see 0 is neutral and 61.8 is Target and 1 is Good Luck. But what are the other values like stop loss and entry? If you can tell us I will set it up and post a screenshot of how to do it for those who are interested since English is not your native language. Also, does anyone have the latest ZUP indicator. Its Zup v71 I think.

hey dude.. try check out this one... ZUP71

 
spektr:
Nice day...

Thanks for that link Brainn60

Also, I think I replicated Spektr's cutomized Fibo levels. He drew the line from high to low of the last leg of the pattern. Entry level is the 23.6% retrace and Take profit level is 61.8% retrace. I added a second TP level at 76.8% for academic purposes.

Stop loss is at 5% above/below the high/low. My values are a little off because of different brokers I am sure.

MY question is to spektr, do you trade this live and how did you decide to use fibos in this way. I see how it can be effective I was curious if you had some resources a guy could look at to read up.

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poruchik:
Give template FIBO, please

Please disregard. I was able to send Nen PM and he has already replied. Thank you.

Poruchik

Could you kindly please provide link where I can get in touch with nen?

I was looking at the Zup Indicators and I was wondering if it was possible to have the values or the numbers of the candles sticks between 2 Highs or 2 Lows.

Instead of the Retracement values labelled on the broken lines between 2 Highs for example we would have the number of candlesticks distance between these 2.

The reason why I ask if this is possible is because I am looking for a faster way to count the number of candlesticks between Peaks or Dips and see if it can be used in analyzing for the Time component in Elliott Wave Analysis.

I know I can do it manually . However it will allow me very limited examples to work with unlike when we can instantly see the values on the charts .

yano125

UPDATE: I went thru my list of posts and finally saw where nen's post was and sent him a PM.

However, If anyone else can help me regarding my request on an indicator that counts candlesticks between 2 peaks or 2 Bottoms, I would be greatful if help can be extended or may be you can point me to the right direction where I can find this type of Indicator

 

ZUP 73+ TEMPLATE 71(8 ZUP 71)

On pictare - use template + 73 ZUP

 

yano125 made pictare whis your questions

 
poruchik:
yano125 made pictare whis your questions

It is ok now Poruchik. Nen replied already. But just to let you understand what I was looking for, I am attching a picture.

Nen told me to change at the input for ExtPPWithbars from 0 to 1.

0 - for the retracement value

1 - for bars between peaks or between bottoms

2 - to show bars from 1 peak to the nearest bottom then from nearest bottom to the next peak.

yano125

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Excellent thread, keep it up. It would be great if someone has discovered an indicator to confirm the patterns have completed so we can trade these patterns as I have seen many patterns that look complete, then they extend or even fail.

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