# Elite indicators :) - page 533

748

dasio:

it is possible to create an indicator that plot in the chart the "swing chart"?

The image how it should be appear is attached.

Thank you^^

Interesting Dasio. I wanted to ask. How would you use this?

Ish

394

ismael360:
Interesting Dasio. I wanted to ask. How would you use this? Ish

Ismael this kind of chart help to identify the major trend and the swing poi. It is very use how basic strategy like ABC or 1-2-3strategy.

If you search with google you will find a lot of information^^

748

Ok cool. Thx

151973

dasio

Will have to look for the math behind it but technically I don't see any reason that would prevent us from drawing the way it is drawn on that chart

dasio:

it is possible to create an indicator that plot in the chart the "swing chart"?

The image how it should be appear is attached.

Thank you^^

394

dasio Will have to look for the math behind it but technically I don't see any reason that would prevent us from drawing the way it is drawn on that chart

If you want when i have spare time i can post the rules.

Thank you

394

dasio Will have to look for the math behind it but technically I don't see any reason that would prevent us from drawing the way it is drawn on that chart

I try to explaine.

First of all the indicator must check the swing for n bars (1-2-3..)

The swing is the vertical line that is build whe there are n HH-LH or LL-LH from the n-1 Bars.

The top horizontal lines are built when after a series of HH-HL (UpperSwing) there is a HH-LL Bars

the bottom horizontal line is build whene after a series of LL-LH (bottom swing) there is a LL-HH bars.

I hope I explained me.

Thank you

373

Swing Chart

According to David Bowden, swing chart was used (if not invented) by Gann. He used it on a daily chart using 3 days swings. here is an explanation (p. 33 of the book) : ultimate gann course - workbook.pdf - 4shared.com - document sharing - download. It is better explained in the video course. Maybe this can help also : Introduction To Swing Charting.

394

airquest:
According to David Bowden, swing chart was used (if not invented) by Gann. He used it on a daily chart using 3 days swings. here is an explanation (p. 33 of the book) : ultimate gann course - workbook.pdf - 4shared.com - document sharing - download. It is better explained in the video course. Maybe this can help also : Introduction To Swing Charting.

You are right..

My english is an obstacle for me....

Thank you

151973

Rapid RSI of averages ...

This is a variation of a "rapid rsi" that can use the usual set of 18 types of averages, with alerts and multi time framing added to it. The averages are described in the parameters so no need to list all of the possible choice of averages at this post

updated version posted here: https://www.mql5.com/en/forum/general

Files:
151973

Filtered QQE

This is one more variation of the QQE that I was poking on

But a bit about QQE : wat people usually do not know that the main line of QQE is actually a smoothed RSI (the SF in the QQE parameters is the smoothing factor (EMA actually) that is used to make RSI smoother in the QQE indicator. But since in my experience doing a filtering (smoothing a price before using it to calculate a result) usually gives better results than smoothing the result itself, here is a version that allows you all the combinations.

If you set the Filter period to 1 and SF parameter to some value other than 1 (usually it is 5) it will be the same as a "regular" QQE. If you use default setting then result smoothing is not done. And you can do the both if you wish (so one can play with this version of the QQE).

Also in this version you have the usual choice of 4 types of RSI : the RSI, Wilders RSI, RSX and Cuttlers RSI. Here is an example of QQE using rsx :

PS: decide to use default WP factor smaller than it is usually used simply to get the signals faster than it is usuall

Files:
qqe_4.gif 35 kb