That is not the issue. Here are 2 excerpts from the page. (emphasis mine)
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Originally posted by SnakeEYE View Post
That is not the issue. Here are 2 excerpts from the page. (emphasis mine)
... Because this is a minor leg, we expect to see both of our first two price targets achieved, and usually within a period not exceeding three times the initial leg.... Price promptly retreated to $1.9005 on April 28. This retreat set up our first major leg (see “Second leg,” ). We can employ the rule to find longer time frame targets.
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A minor leg is aways a sort of ratio of the initial leg.It could be easily determine by breaking the low of the HH of the initial leg.The ratio can be arbitrary,or user selectable.Let`s say you are into stats.Pick any statistically significant number,say 0.05 or p-value.So,if it goes 0.05 percent lower and closes beyond the low of the HH of the initial leg,then,for sure,you have a developing minor leg.Now,how to determine the target for the minor leg?Here you can use one of the significant fib numbers as well.There you have it.Now to determine the major leg,you use the high/low difference of the initial leg and apply the rule 7 multipliers to it.To determine the initial leg the ZZ logic can be applied as a core.Just an example on how it can be achieved.
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This one is the most prominent one i`ve found so far.You can use it as a carcas for futher developement.Attached Files
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Originally posted by SnakeEYE View PostAny of you pros are willing to give it a shot?Could anyone compose an indie for that Grail?
I think it would be a great, handy tool!
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Originally posted by Harry View PostI have read that article in the Futures Magazine back in 2010 and decided for myself that it belongs to the category of snake oil. What is a major or minor leg, can only be determined with hindsight. But then I am not objective, as I have never been able to count waves either.
For what it is worth, I can never get a handle on Elliott Waves either. In fact, I think that if we put 100 so-called Elliott Wave experts in a room and ask for a count, we shall have 179 different counts!
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Converting MT4 Indicator to Ninja Trader 7
Good Day everyone,
I would really appreciate if a skilled person could help with this task.
I would like to be able to apply the Murrey Math Line X Indicators from MT4 to my Ninja Trader platform.
I am at this time using on NT the MurreyMathV701 Indicator for NT but as you will see on the screen-shot below I would like to be able to adjust the parameters for Intraday on a 5mn chart.
Please see below all attach files with the code source from MT4 the MurreyMathV701.zip Indicator for NT and both screen-shot from MT4 and NT.
Any help would be greatly appreciate.
I can be reached at : [email protected]
nicosxm
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Originally posted by dukeoferl View PostHi,
I'm looking for an indicator or script that will chart the difference in the Ad-Decl. In TOS it's $ADD. All I can do now is plot both in the same chart.
ThanksMatthewNinjaTrader Product Management
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Proper Fractal Indicator NT7
Hello there,
Could someone convert BwFractals as it is to the 7th version?
There is a fractal indicator for this version, but it shows prices instead of arrows...
Much appreciate,
Arthur
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I need a alert for HACOLT strategy below
#region Using declarations
using System;
using System.ComponentModel;
using System.Diagnostics;
using System.Drawing;
using System.Drawing.Drawing2D;
using System.Xml.Serialization;
using NinjaTrader.Cbi;
using NinjaTrader.Data;
using NinjaTrader.Indicator;
using NinjaTrader.Gui.Chart;
using NinjaTrader.Strategy;
#endregion
// This namespace holds all strategies and is required. Do not change it.
namespace NinjaTrader.Strategy
{
/// <summary>
/// Stocks and Commodities - July 2012
/// </summary>
[Description("Stocks and Commodities - Long-Term Trading Using Exchange Traded Funds - July 2012")]
public class HACOLTATS : Strategy
{
#region Variables
private int avg = 55; // Default setting for Avg
private int ltAverage = 60; // Default setting for LTAverage
private double candleSize = 1.1;// Default setting for candleSize
#endregion
/// <summary>
/// This method is used to configure the strategy and is called once before any strategy method is called.
/// </summary>
protected override void Initialize()
{
CalculateOnBarClose = true;
Add(HACOLT(Avg, CandleSize, LTAverage));
}
/// <summary>
/// Called on each bar update event (incoming tick)
/// </summary>
protected override void OnBarUpdate()
{
if (HACOLT(Avg, CandleSize, LTAverage)[0] == 100 && Position.MarketPosition == MarketPosition.Flat)
EnterLong();
if (HACOLT(Avg, CandleSize, LTAverage)[0] == 0 ||
HACOLT(Avg, CandleSize, LTAverage)[0] == 50)
ExitLong();
if (HACOLT(Avg, CandleSize, LTAverage)[0] == 0 && Position.MarketPosition == MarketPosition.Flat)
EnterShort();
if (HACOLT(Avg, CandleSize, LTAverage)[0] == 100)
ExitShort();
}
#region Properties
[Description("TEMA average")]
[Category("Parameters")]
public int Avg
{
get { return avg; }
set { avg = Math.Max(1, value); }
}
[Description("Candle Size Factor")]
[Category("Parameters")]
public double CandleSize
{
get { return candleSize; }
set { candleSize = Math.Min(Math.Max(0.01, value), 5); }
}
[Description("Long Term Average")]
[Category("Parameters")]
public int LTAverage
{
get { return ltAverage; }
set { ltAverage = Math.Max(1, value); }
}
#endregion
Simple alert for entries and exits and stops. Voice alert...BUY for entry,SELL for exit
and vice versa for short entry. Also when stop is hit
thxs
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