Yes, you got it right
many thanks for your explanation. Now I think I got it.
In this case (see attachment), the scalper bar was marked after the close of the third bar from the "candidate".
From what I understand : if the current bar doesn't close lower than the LOW of the bars next to the "candidate" swing bar (in the case of a Swing High), you will check the next one... and if it doesn't meet the conditions, you will be checking the next one again.
That's the reason why a scalper bar may be marked after 2, 3, 4.. X... bars after. As Valeo told us before...
So, if we are "lucky" a scalper bar will be marked after the close of the
second bars ;-) ( 2 bars after, as you wrote on your first post).
If not, a scalper bar may be marked "i dunno" bars after. It all does
depend on price movement to confirm.
Am I right?
Sorry for bothering you, but I'm trying to code an EA based on this indi.
I think the same too
I like this indicator. Can this be made into a long term indicator?
subSwings are shown in a same colors as the main swings but are thinner and are dotted
I hope this mod clarifies how does the indicator work
is it possible to add an alert to the ttm scalper with subwings specifying which open chart is concerned (symbol and tf). Thank you.
Please Mister Mladen i really need an alert on this one.
Try this on out _______________________
A couple of word how it works : if alerts are on it will always alert on a new or a changed swing bar (it looks what is the time of the last swing bar formed and if it did not alert you of it, it alerts) It is done in this manner because of the changes in swing bars (when they even can be revoked as explained in thread already)
It works in the same manner for sub-swings if sub-swings are shown on chart. If sub-swings are not allowed, it will not alert on sub-swings
Also, alert message contains symbol + time frame of the chart + some additional info about the cause of the alert
thanks to be so responsive .
is it possible to make it work for long term. acutely it is perfect indicator but the problem it is not give a chance to take profit . it change faster than i want, so signal is very good but the most is very near to entry price which drop my account to negative.
i want to use it for swing trading .
but the most important with this indicator it can verify the peak and bottom.
i hope you can do it
Not sure that I understand the long term in this case, but will give a try ...
The basic "problem" with TTM scalper is that it is looking for swing points. Swing points are throughs (peaks or valeys) with certain number of consecutive highs and lows from left and right side (depending on what kind of a swing is seeked for - upper or lower swing) Right now, in order to make the indicator less sensitive to changes in the past, it is looking for swings with 2 bars in the same direction from both sides (so it looks for a peak or a valley in a 5 bar segment of which 2 bars are in the "future" 2 bars are in the past and the middle one is the swing one)
I think that if we extend those total of 5 bars we are going to have worse results since there will be a longer period in which the swing can change (depending on market changes) and that it will, with that change, become dangerous to use it (even now one has to have some confirming indicator for the general direction and to trade only the swings that conform with trend direction)
Also, making it multi time frame would have the same effect
I think that this indicator belongs to the "estimation" category indicators (as almost all recalculating indicators do). In my mind (one might agree or not with it) this is an aid valuable when we (human) already decided on trend and then it helps us with entries. If we are looking at it as a signal for both directions it is a dangerous one.
thank you very much mladen , the total idea is clear. i am really appreciate your help
i applied the indicator using renko system. i am really surprised , the result is very good till now. i will try to use it in next couple of weeks and i will give you my opinion
mladen do you have a good system that you recommend it it to use . i want to get some result in my investment in forex market.
thank you again for your help
i want an expert adviser depending in this indicator if you don't mind
i want to test the indicator in real market movement , as you know it is very difficult if i stay all my day in from on my PC
please help me on that