a trading strategy based on Elliott Wave Theory - page 151
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
https://c.mql5.com/mql4/forum/2006/10/indicators.zip
https://c.mql5.com/mql4/forum/2006/10/indicators.zip
Thank you.
It's actually not very difficult, especially with your programming experience. The only thing IMHO - the algorithms that "straighten" the history are not suitable, they simply cannot detect signals of real time and then it is difficult to verify the statistics. If I'm not mistaken, in your PMO there is an indicator that plots swings according to deviation values in points and by regions - it is quite suitable: it doesn't redraw the history and to smooth out "bad effects" allow to introduce tolerance ranges for fibo ratios as it was done in the "harmony trader_06". Actually, you may use the attached one as the base.
Sincerely, Vladislav.
Good luck and good trends.
It's not very difficult, especially with your programming experience. The only thing IMHO - the algorithms that "straighten" the history are not suitable, it is simply impossible to determine the real time signals and then it is difficult to check the statistics. If I'm not mistaken, in your PMO there is an indicator that plots swings according to deviation values in points and by regions - it is quite suitable: it doesn't redraw the history and to smooth out "bad effects" allow to introduce tolerance ranges for fibo ratios as it was done in the "harmony trader_06". Actually, you may use the attached one as the base.
Sincerely, Vladislav.
Good luck and good trends.
1) The zigzag from mt - its errors have been slightly corrected. The mt one has a lot of mistakes.
2) 3) trend indicators
4) - also nothing riches
5) swings...
6) takes data from another timeframe with a heavily corrected mt zigzag.
And what do you mean by "straightens history"?
The tolerance range is set in three ways there. Well that's the details. It's just that there really wasn't a task to automate it. It is now. Here is the idea. We start the indicator according to the "schedule". We set currency pairs to be scanned and timeframes. And the indicator will display in a certain form: on what currency pairs and on what timeframes the patterns were formed (and what kind of patterns) and also where the patterns are formed. The indicator has everything to solve this problem.
Here seems to be something worked out by the indicator on the Jew. As far as I understand it is probably a signal for the fall of the eu or what?
The explanatory picture is taken from here http://www.harmonictrader.com/price_patternsbfly.htm
Some indicators have a reverse pass to remove "extra" swings and this can be done on a given range of bars. Realistically this leads to a change in the indicator readings - other extrema in other places. But it can only be done on history, because it will not be easy to distinguish the situation in real time (so far I have no idea how). The zig-zag built into MT4 also suffers from the same (parameter ExtBackstep). For search of patterns it is not very essential (I mean unnecessary sweeps). Much worse is that after a while the trader may see a different picture than in the real time. But this is IMHO. Perhaps there are algorithms that allow determining the true (false) extremum at the current time (alternatively, there are strategies that allow using these indicators with such properties).
So I am saying that it will not be difficult to automate the search for patterns with your programming experience. The more so because the algorithms there are simple and well described.
Sincerely, Vladislav.
Good luck and good trends.
It is possible to set as a parameter, to show the values as they are, without substitution of the nearest values.