Cycle Identifier ??

[Tzachi]

Did you use roy kellys indicator or know that it does not repraint?

[hanaa]

cycle identifier

no i do not and for a very expensive software it would be funny if it does

[GreenTrade]

The "original" version I found on the forum does repaint. The version I have coded here does not. It shows all false signals where in the original if a new signal in the same direction appears it will repaint the original/false signal. This one leaves them on the chart. I think this can be used as a general "heads up, reversal coming" type of tool to use along with other tools. I use it to confirm other indicators.

GT

[Tzachi]

Are you sure about the NOT repaint?

The "original" version I found on the forum does repaint. The version I have coded here does not. It shows all false signals where in the original if a new signal in the same direction appears it will repaint the original/false signal. This one leaves them on the chart. I think this can be used as a general "heads up, reversal coming" type of tool to use along with other tools. I use it to confirm other indicators.

GT

[Tzachi]

Green,
Just tested it in real time(the one you posted in post #10). It does repaint. It removed the signal (/l\)when direction changed.

How do you get it not to repaint and keep ALL signal ,even the bad ones?

[mainstream]

Are you concerned with bad "trend change" signals?

From what I see the cycle indicators show "break outs" to the upside when already in an up trend or to the downside if in a down trend (where trend change indicators would fail) and the cycle indicators also show trend changes.

Other than trying to identify "range expansion" or "increased paper flow", which don't necessarily mean any major change in price, how else would you pin point a non directionally biased "4+ point" price move?

[Tzachi]

How do you get it not to repaint and keep ALL signal ,even the bad ones?

[GreenTrade]

When I say it does not repaint I mean that it shows ALL signals. If it shows a signal and later is considered a false signal it still shows on the chart as a purple bar. So it shows all of the signals that are triggered, the false ones do not disappear they just show up differently (as purple bars). A repainting indicator is useless in my opinion but this one shows all signals.

GT

[tangerine]

Hello Greentrade;

Does having the "calculate on bar close" valued at true make any difference in keeping the Major/MinorCycleBuy/Sell portion of the indicator constant in realtime? I noticed that having the it valued on false the Major/MinorCycleBuy/Sell portion would print but disapear if mkt changed or if i reloaded ninjascript, or it would print a signal 3 or 4 bars after the current bar. Thanks it's a great confirmer!

Kindly,

T.

[toddaclark]

Green,

There seems to be 2 instances where purple lines plot...

Type 1:
sometimes they originate as purple lines

Type 2:
sometimes they start off as reversal triangle signals then turn into purple lines.

Is there a way to get the type 1 purple lines to stop plotting? I don't see their purpose.

Todd

[marketmasher]

Green,

There seems to be 2 instances where purple lines plot...

Type 1:
sometimes they originate as purple lines

Type 2:
sometimes they start off as reversal triangle signals then turn into purple lines.

Is there a way to get the type 1 purple lines to stop plotting? I don't see their purpose.

Todd

I think the problem with this indicator is that it goes back and cleans-up the bad signals, leaving a false impression that it can actually identify cycles.

[THWES]

Todd,

A runner for a NG pit trader. He is using only a version of this indicator + pivote lines on his hand held to call trades. No idea what the settings are. Will not tell. Clears 6-8K a day for every car. Does 2-4 cars a call.

[THWES]

Got it:

34,12,7,4,1,False,3

[zeller4]

new settings

THWES,

thanks for the settings, unfortunately the "3" after "false" doesn't work anything in the code since it needs a 1 or a 2 only.
Do you have the revised cycleidentifier code which has the section where the "3" works?

Thanks in advance.
KZ

[THWES]

ZELLER,

It is 3. Saw the screen today.