APAMI: measure coincident trend lines automatically (no lag) - page 2
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Thank for the reply.
20 seems to be your number. Is it only for eurusd ?
Which time frame suit you best ?Timeframe is irrelevant due to the nature of how apami works (it measures distance traveled without regard to time) However, mt4 has a limitation in how often a new move can restart intra-bar. This is very negligible bug. Use 1 min chart for max precision, use 5-15 min chart for more data compression + high precision.
You can use a 1 min chart for 80 pip moves, but practically speaking it is better to use 5-15 mins.
Timeframe is irrelevant due to the nature of how apami works (it measures distance traveled without regard to time) However, mt4 has a limitation in how often a new move can restart intra-bar. This is very negligible bug. Use 1 min chart for max precision, use 5-15 min chart for more data compression + high precision. You can use a 1 min chart for 80 pip moves, but practically speaking it is better to use 5-15 mins.
Thanks for the answer !
I wonder if it would be useful to find an indicator which calculate the average pips before reverse in a given currency ?
Thanks for the answer ! I wonder if it would be useful to find an indicator which calculate the average pips before reverse in a given currency ?
The problem with the statement is that the indicator you wish for needs to have a starting point. You also need to define the 'reverse' It all needs to be defined in mathematical or logical terms; then the indicator is easy. A lot of traders seem to miss this somehow.
The solution, in my opinion, is using apami. It gives you a starting point to measure prices objectively. From the end level of a move, you can then continue to follow the market until you see the pullback.
or you could use Average daily range (ADR) will give you a good idea of how far the market typically moves within the average period. this should be combined with a visual inspection of the ranges to see the pullbacks (use a 5 min chart and go back 1-3 years....go to 1 min when it is unclear if there were pullbacks; or use tick data and replay the market.). The difference between ADR and APAMI (besides both being two entirely separate functions) is that ADR is done in hindsight and APAMI is drawn in real-time. But a 30-180 day ADR can still give you a good idea of what to expect over the next few days.
The average is just to give you an idea. What is more important is to know the maximum typical distance before the pullback. A visual lookback inspection or replay is then preferred. As mentioned earlier, an algo method requires specific rules defining the trend and the pullback conditions.
The problem with the statement is that the indicator you wish for needs to have a starting point. You also need to define the 'reverse' It all needs to be defined in mathematical or logical terms; then the indicator is easy. A lot of traders seem to miss this somehow.
The solution, in my opinion, is using apami. It gives you a starting point to measure prices objectively. From the end level of a move, you can then continue to follow the market until you see the pullback.
or you could use Average daily range (ADR) will give you a good idea of how far the market typically moves within the average period. this should be combined with a visual inspection of the ranges to see the pullbacks (use a 5 min chart and go back 1-3 years....go to 1 min when it is unclear if there were pullbacks; or use tick data and replay the market.). The difference between ADR and APAMI (besides both being two entirely separate functions) is that ADR is done in hindsight and APAMI is drawn in real-time. But a 30-180 day ADR can still give you a good idea of what to expect over the next few days.
The average is just to give you an idea. What is more important is to know the maximum typical distance before the pullback. A visual lookback inspection or replay is then preferred. As mentioned earlier, an algo method requires specific rules defining the trend and the pullback conditions.Sorry for the delay, i was travelling.
Thank you for your answer.