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Jedixs  
#1 Posted : Saturday, June 10, 2006 12:41:05 AM(UTC)
Jedixs

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Hi Jose how can I create to plot on metastock the % 50 retracement fibo level of Gann hi-lo ....I mean I need the % 50 fibo level of Gann hi lo indicator( formula is added blow). I need this because I want give sell order after the C crossed % 50 fibo level of gann hi-lo.. thank you for your help. gann hi lo formula is ; HLd:=If(CLOSE>Ref(Mov(H,3,S),-1), {then}1, {else}If(CLOSE<Ref(Mov(L,3,S),-1), {then}-1, {else}0)); HLv:=ValueWhen(1,HLd<>0,HLd); HiLo:=If(HLv=-1, {then}Mov(H,3,S), {else}Mov(L,3,S)); HiLo;
Jose  
#2 Posted : Saturday, June 10, 2006 2:37:11 AM(UTC)
Jose

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Sorry Jedixs, but I absolutely refuse to deal with any esoteric trading "strategies". jose '-)
Jedixs  
#3 Posted : Saturday, June 10, 2006 1:10:48 PM(UTC)
Jedixs

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esoric??? I only the need to plot % 50 of fibo level of Last gann hi lo distance.At many market you can try this safe trading method..I need this because ý want to use it at expolorer... (. as shown in the gif)...This system is written in http://www.traders.com/Documentation/FEEDbk_docs/Archive/0398/Abstracts_new/Marisch/Marisch.htmlhttp://img144.imageshack.us/img144/9051/[censored]8an.png[/img]
hayseed  
#4 Posted : Saturday, June 10, 2006 4:21:41 PM(UTC)
hayseed

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hey jedixs..... if your just after a 50% retracement, wouldn't the standard fib tool accomplish that goal.... the trough/peak functions might also work..... seems like henry has posted something along that line here on the forum in the formula section but you might need the powerpivots plugin.......... fwiw, and please don't take this as a negative..... when we apply lines or levels, gann or fibs, we are implying we know where the market is going or what it will do once it gets there..... there is a slight risk in that habit..... still all in all, those lines are interesting.....h
Jedixs  
#5 Posted : Saturday, June 10, 2006 6:34:36 PM(UTC)
Jedixs

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hayseed wrote:
hey jedixs..... if your just after a 50% retracement, wouldn't the standard fib tool accomplish that goal.... the trough/peak functions might also work..... seems like henry has posted something along that line here on the forum in the formula section but you might need the powerpivots plugin.......... fwiw, and please don't take this as a negative..... when we apply lines or levels, gann or fibs, we are implying we know where the market is going or what it will do once it gets there..... there is a slight risk in that habit..... still all in all, those lines are interesting.....h
""""""Numerous books and articles written have been written about legendary technician William D. Gann. Conflicts about his analytical abilities to project market prices range from retrospective interpretation of price trends to his use of complex proprietary numbers and their relationship, astrology and psychology to generate profits. The reported amount of Gann's profits range from a moderate income from selling his systems to a net lifetime gain exceeding $50 million from trading the markets. Whatever the case, Gann's 50% rule is irrefutable and has withstood the test of time. The strictures of the rule, according to W.D. Gann's How to Make Profits in Commodities, are: -Always remember that the 50% reaction or halfway point of the range fluctuation of the extreme highest point is a point for support on the downside or for meeting selling and resistance on the way up. This is the balancing point, because it divides the range of fluctuation into two equal parts. -You can make a fortune by following this one rule alone. A careful study and review of past movements in any commodity will prove to you beyond doubt that this rule works and that you can make profits following it. You will always make the most money following the main trend of the market ? by waiting for a definite indication of the trend before buying and selling. -The next most important point for tops or bottoms is three-fourths, or 75%. Doubling the 50%, or 100%, is the next most important point W.D.GANN
On Chart B I want plot point X... This point is ; When you draw fibo from a to b ; x is the % 50 fibo level retracement ... secandly ; when you draw fibo from b to c y is the % 50 fibo level retracement ... I want to find these points x and y via MS .... But no one wish to help me ..I dont want to declare that as a trading system..I want to use this as a helper indicator...... if anyone can help me if possible ..I will be so much appriciated... [img]http://img113.imageshack.us/img113/5673/[censored]2hm.png[/img] jedixs...
uasish  
#6 Posted : Sunday, June 11, 2006 3:01:39 AM(UTC)
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Dear Sir, Being a novice in this illustraous member's forum,i still venture out.To finalize the point "A" or "B" or "C" on a dynamic chart is very risky,however trough & peak can give us a safety margin as these are using Zig but always late in giving us the signal.To avoid this you can use another more risky following code(which i have seen being used in somebody else's code):=A:= PREVIOUS; If(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),A); A; This can be used as Trough but because of PREV function the exploration is very slow.(Though Wabbit advises RAM enhancement of the computer). Gartley Pattern also uses earlier "A" "B" "C" ratio to project expected "D" .You may have Google searched it . Regards Asish NB :Gann 50 % level entry method skew's the Risk/Reward ratio more favourable because of tight stop loss.
Jedixs  
#7 Posted : Sunday, June 11, 2006 12:33:50 PM(UTC)
Jedixs

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uasish wrote:
Dear Sir, Being a novice in this illustraous member's forum,i still venture out.To finalize the point "A" or "B" or "C" on a dynamic chart is very risky,however trough & peak can give us a safety margin as these are using Zig but always late in giving us the signal.To avoid this you can use another more risky following code(which i have seen being used in somebody else's code):=A:= PREVIOUS; If(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),A); A; This can be used as Trough but because of PREV function the exploration is very slow.(Though Wabbit advises RAM enhancement of the computer). Gartley Pattern also uses earlier "A" "B" "C" ratio to project expected "D" .You may have Google searched it . Regards Asish NB :Gann 50 % level entry method skew's the Risk/Reward ratio more favourable because of tight stop loss.
thank you for your answer..But when you try gann hi lo...you will see that abcd points on chart are not dynamic points.....I think my subject is under a wrong topic..so people resumes that Gann hi lo is a dynamic method...But these points are not absoutely dynamic...
Jose  
#8 Posted : Sunday, June 11, 2006 1:00:33 PM(UTC)
Jose

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The chart's abcd/1-15 peak/trough points are indeed dynamic - they have been plotted by the ZigZag indicator in hindsight. If they weren't, we'd all be buying those lovely troughs and selling those profitable peaks. As for "Gann's 50% rule is irrefutable and has withstood the test of time"... puhleeease... :crabby: jose '-)
Patrick  
#9 Posted : Sunday, June 11, 2006 4:48:44 PM(UTC)
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Quote:
To avoid this you can use another more risky following code(which i have seen being used in somebody else's code):=A:= PREVIOUS; If(Ref(LOW,-4)=LLV(LOW,9),Ref(LOW,-4),A); A;
LLV(LOW,9) :eek: that is for sure more risky :P :lol: But if you want even more risky, the best formulae I have ever created is this. Buy: V1:=Roc(Zig(C,5,%),1,$); V1>0 and Ref(V1,-1)<0 Sell: V1:=Roc(Zig(C,5,%),1,$); V1<0 and Ref(V1,-1)>0 This has proven track records and it wthstood the test of wood and has infaillible entry point and this is very sweet for backtesting purposes only ... :D P :mrgreen:
Jedixs  
#10 Posted : Sunday, June 11, 2006 5:20:06 PM(UTC)
Jedixs

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Jose wrote:
The chart's abcd/1-15 peak/trough points are indeed dynamic - they have been plotted by the ZigZag indicator in hindsight. If they weren't, we'd all be buying those lovely troughs and selling those profitable peaks. As for "Gann's 50% rule is irrefutable and has withstood the test of time"... puhleeease... :crabby: jose '-)
Gann hi lo is not like your Centered moving avrege 3.0 :))) I have tested several times and also real time.. if use Gann hi lo with 3. 8 13 MACD Smooted confirmation they will be more useful...And also it prottects the from the volality of some indicators give false signals....peak/ through points are not reallt indeed dynamic if you use them for the confirmation. or wtih the confirmation with any indicators.. you can see an another undynamic of another formula using zidzag indikator.. as shown below written by Spyros Raftopulos... All though everything I have no intend to discover something new...I am not a explorer..I only want a help to plot the % 50 distance of x and y distances on the chart between the abcd points ..But my question is taken to differen discussion platforms. Please you would not help me , I request you do no give answers to my messages... I am not intend to declare that I find a trading system but also I do not want quarel with you and your hot shot statements about Gann Hi lo....or anything thkns... {by Spyros Raftopoulos}========= Also this binary system is not a dymanic system like Gann Hi lo...Tested several times.. {It is based on the Zig Zag indicator and it returns 1 for a confirmed uptrend, and -1 for a confirmed downtrend.} {****************************************} vr:=Input("Field (0=Ind/tor, 1=Open, 2=High, 3=Low, 4=Close)",0,4,0); amnt:=Input("Reversal amount",0.001,1000,3); md:=Input("Method (1=Percent, 2=Points)",1,2,1); {****************************************} vr:=If(vr=1,OPEN,If(vr=2,HIGH,If(vr=3,LOW,If(vr=4,CLOSE,P)))); zz0:=If(md=1, Zig(vr,amnt,%), Zig(vr,amnt,$)); zz1:=Ref(zz0,-1); zz2:=Ref(zz0,-2); {****************************************} tr:=ValueWhen(1,zz0>zz1 AND zz1<zz2, zz1); pk:=ValueWhen(1,zz0<zz1 AND zz1>zz2, zz1); PU:=If(md=1,tr+Abs(tr)*amnt/100,tr+amnt); PD:=If(md=1,pk-Abs(pk)*amnt/100,pk-amnt); res:=If(vr>=PU AND zz0>zz1,1, If(vr<=PD AND zz0<zz1,-1,0)); res:=If(res<>0,res,ValueWhen(1,res<>0,res)); res ........ :
hayseed  
#11 Posted : Sunday, June 11, 2006 11:35:02 PM(UTC)
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hey jed..... spyros has some nice indicators..... for my use, the settings have to be adjusted downward to increase sensitivity.... a setting of 10 is way too high, mine are set at 1.5 or less.... there are much better coders than me but seeing your resolve here the simple code below is the best i can come up with on short notice.... you can see the peak/trough validation is adjustable and a 50% difference is ploted between..... the retrace is also adjustable.... extra lines could added.....h [code:1:fb053c9241]set:=Input("% move to validate",.01,50,1.5); retrace:=Input("retracement",.1,1,.5); a:= Trough(1,C,set) ; aa:=Peak(1,C,set ) ; aaa:=(a-aa)* retrace; aaaa:=aaa + aa; a;aa;aaaa[/code:1:fb053c9241]UserPostedImage
henry1224  
#12 Posted : Sunday, June 11, 2006 11:35:16 PM(UTC)
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This was from Sandon Rakowsky i1:=Input("Pivot (1=Minor 2=Interm 3=Major 4=Primary)", 1, 4, 2); i2:=Input("Trend Direction",1,4,1); fib1:=Input("Retrace % 1", -300, 300, .25); fib2:=Input("Retrace % 2", -300, 300, .382); fib3:=Input("Retrace % 3", -300, 300, .5); fib4:=Input("Retrace % 4", -300, 300, .618); aPivots:= ExtFml("PowerPivots.Pivots"); aTrend:= ExtFml("PowerPivots.TrendDirection",i1,i2); ExtFml("PowerPivots.RetInd",0,aPivots,aTrend,i1,fib1); ExtFml("PowerPivots.RetInd",0,aPivots,aTrend,i1,fib2); ExtFml("PowerPivots.RetInd",0,aPivots,aTrend,i1,fib3); ExtFml("PowerPivots.RetInd",0,aPivots,aTrend,i1,fib4); ExtFml("PowerPivots.RetInd",1,aPivots,aTrend,i1,fib4); ExtFml("PowerPivots.RetInd",2,aPivots,aTrend,i1,fib4);
hayseed  
#13 Posted : Monday, June 12, 2006 12:06:50 AM(UTC)
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hey jed..... glad to see henry chime in.... powerpivots seems the best route for your project and henry knows them best.... added your gann hilo to the prior code.... take a close look at the lines and you'll see the 50% retrace.... all prior lines stay so its somewhat confusing.....h [code:1:adc219a936]HLd:=If(CLOSE>Ref(Mov(H,3,S),-1), {then}1, {else}If(CLOSE<Ref(Mov(L,3,S),-1), {then}-1, {else}0)); HLv:=ValueWhen(1,HLd<>0,HLd); HiLo:=If(HLv=-1, {then}Mov(H,3,S), {else}Mov(L,3,S)); HiLo; set:=Input("% move to validate",.01,50,1.5); retrace:=Input("retracement",.1,1,.5); a:= Trough(1,hilo,set) ; aa:=Peak(1,hilo,set ) ; aaa:=(a-aa)* retrace; aaaa:=aaa + aa; a;aa;aaaa[/code:1:adc219a936]UserPostedImage
Jedixs  
#14 Posted : Monday, June 12, 2006 12:22:11 AM(UTC)
Jedixs

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Thank you for kindest and helpful replies....I am so appricated..... =D> solute.... Jed ..
kingsley29  
#15 Posted : Monday, June 12, 2006 10:36:28 PM(UTC)
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Both are CORRECT. Yes, it is dynamic (for Zig Zag based indicators). Yes, it is useful (depend on how to use it). Larry Williams (guru) said: Floor pivots, Gann, Fibonacci, etc... ALL ARE WORTHLESS. But, many people still use them and believe they are good. Most professional traders do NOT use any indicator at all. Most beginners use indicator and search for a Holy Grail. You need to put yourself in the other person's s[censored] to understand his thinking. I want to try these codes to see how useful it is!!! Thank you Hayseed and Henry for the codes. This does not mean that I ignore Jose, he is a Meta guru indeed!!
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