Next bar predictions.

[rosijitosin]

i have a formular which i would like to make an indicator. i will be glad to share it with this great forum as a seed of love. it is based on mathematical trading which delivers 60-70 win ratio or at least it helps one understand how market moves. i will appreciate if mickymounse or other forum programmer could help to write an indicator.

 

benefit of the formular

1. to predict the next wave lenght

2. area of daily and weekly consolidations and ranges

3. profit taking index

4. daily and weekly breakout

5. were to place other for a trade.

 

it works with all timeframes but i personal use it on 30mins eurusd. i attached here an excel which i have created for it . all we need to do is to put the previous weekly and daily data in it. to calculate wavelenght, just determine high and low which must be above 40pips and calculate the profit index/ likelihood expiration of the wavelengh, if this point is broken, then a breakout has occur which might be subject to major news. but any countertrend trader would really make profit from this.

i have make it easy for us; the two box we need is predictive levels and wavelenght which is sided at the right end. the wavelenght would really help those who trade with icw system. i will be ready to give futher information if request. which all the best

http://www.mediafire.com/?m54x75w7d3lo5yr

[Mao74]

Hi, thank you for your excel file.

 

But can u explain in a better way how to use it with an example??

 

Thx

[mashki]

Yes ,where we need to put weekly and where daily data???

[Mao74]

in the left part....

 

so...yesterday and the last closed week bar??

 

Please explain:D

[rosijitosin]

sorry for the delay; here we go

WEEKLY

HIGH 1.43237

LOW 1.39689

CLOSE 1.43165

DAILY

HIGH 1.43101

LOW 1.42562

CLOSE 1.42858

 

1. This is where we start. We start by inputting previous weekly and daily data. I show example of last week weekly and yesterday data from alpari uk broker.

2. This calculates the levels to trade with as below.

STOPLOSS PROFIT BREAKOUT 2 1 5 7 10 BREAKOUT F-STRKE

6 BRANGE

1.4303 1.4352 1.4332 1.4403 1.4454 1.45055 1.428224

27.1148 43.38368 1.4269 1.425 1.427 1.4199 1.4148 1.40968 1.428936

 

1.4308 1.4299 1.4294 1.4313 1.4326 1.43397 1.430639

1.4264 1.4272 1.4278 1.4259 1.4245 1.42319 1.426521

 

This looks rough and that make me to take it out as predictive levels as example below which we could see at right hand corner

PREDICTIVE LEVELS

D-BOUT W-BOUT W-RANGE 1 2 REVERSAL 1 REVERSAL 2 D-RANDES

H 1.43 1.443 1.434 1.433 1.435 1.445 1.451 1.44 1.429

L 1.427 1.42 1.429 1.427 1.425 1.415 1.41 1.42 1.428

 

H-stand for high

L- Stand for low

Depending on the market direction at an instant.

 

 

 

For profit taking index

WAVELENGHT

PROFIT TAKG INDEX TRIGGER PT PIPS

HIGH 1.410666 1.406124 0.004542

LOW 1.394234 1.398776 0.004542

 

1. Determine the high, low and close

2. Input the date in as picture below

 

Wave

H 3 1.41318

L 2 1.40129

C 15 1.40245

 

3. This gives u the data as above. Please disregard 2,3 and 15 above. Input the data as high, low and close.

WAVELENGHT

PROFIT TAKG INDEX TRIGGER PT PIPS

HIGH 1.410666 1.406124 0.004542

LOW 1.394234 1.398776 0.004542

 

1. High when u are looking for uptrend and

2. Low when u are looking for downtrend;

3. Trigger point is where we place order

4. Profit taking index is when we place close order

5. Expected pips in the pips column

6. If u determine the turning point in time, trigger point is a garantee level where market must touch . it is also a level where market can take a reverse turning back. If market is establish above this level then we are expected to take our profit from profit takg index

7. The example is below for downtrend

[rosijitosin]

attached here is the graph

http://www.mediafire.com/?1xfzajuxaju6ch2

[⭐ traderdxb]

Formula

 

attached here is the graph

http://www.mediafire.com/?1xfzajuxaju6ch2

 

Hi rosijitosin, thanks for your hard work, the spread sheet is not clear because the formula to get the values from weekly and daily OHLC is not part of it, can you make another sheet with the formula in it please?

[rosijitosin]

sorry, am busy as i have to attend to some family matter, but tomorrow, i will take my time to right out all the formulae. i will take my time to explain again. once again sorry for keeping u holding.

[rosijitosin]

so here is the formulae of the calculations and still standing i will be glad if somebody could right an indicator for it . this are levels which the market obeys everyday.

 

1.

let obtain previous weekly and daily data:high, low, and close.

i will use the recent data example for all my illustrations, using alpari uk. i think we could also compile it on our excel suppose one don't

understand my excel worksheet.

2. last weekly yesterday daily

H-1.43237, L-1.39689, C-1.43165 H-1.44579, L-1.43073, C-1.43294

3. then we add up both weeekly and daily data according to their group. i mean (weekly high + daily high), (weekly low +daily low), and

(weekly close + daily close). and we obtain the following mean data below:

HIGH-----1.43908, LOW-----------1.41381 CLOSE--------------1.43229

4. the next step is to find the following percentage(%) of the range---15/100, 25/100, 50/100, 75/100, 100/100 and 0.382

5. R = (H-L)

6. LEVELS HIGH= C + ®*15/100 etc for 25/100, 50/100,/75/100/, 100/100 and 0.382

LEVEL LOW = C - ®*15/100 etc for 25/100, 50/100,/75/100/, 100/100 and 0.382

7. So from the equation 6 above, we have the following datae

15/100 25/100 50/100 75/100 100/100 0.382

high----1.4361 1.4386 1.4449 1.4512 1.4575 1.4070

low-----1.4285 1.4260 1.4197 1.4133 1.4070 1.3979

8. this are the levels. as of the time am tying this equation 21.24 uk time, todays high so far reach our calculated point which was 1.4512

equivalent to 75%. from experience, once it break 100/100, it confirm establish trend or continuation of the trend. anytime market goes a

gainst us aove 50% at least , never add to the loosing trade. i also advise, our our to be set to 25% low and take profit @ 15% high and

vice versa. this levels works very well in the morning befor european section.

9. now we have to move further to stoploss and profit

stoploss = RANGE * 15/100 PROFIT = RANGE * 25/100

from the data above, then we have stoploss = 39.8 and profit = 63.80

this i see working like a magic. this are the objective stoploss and profit base on the above data calculated.

10. the next formular now is to calculate a daily breakout. the following calculation is used.

HIGH = ( ((CLOSE + (YESTERDAY DAILY RANGE)*25/100) + (CLOSE + (YESTERDAY DAILY RANGE)*0.382) )/2

LOW = ( ((CLOSE - (YESTERDAY DAILY RANGE)*25/100) + (CLOSE - (YESTERDAY DAILY RANGE)*0.382) )/2

from the data above we have HIGH = 1.4377 LOW = 1.4282

from my experience, any time market break throu any of the above, it confirms the market direction. i can say this works like magic. i thin

k this will help those who do not now the direction of the market for th day. on rare occassion if it the market forms above this levels will

it retrace back; in which case, it use our systems or technical indicators to confirms further trend.

11. the next formular now is to calculate a weekly breakout. the following calculation is used.

HIGH = ( ((CLOSE + (LAST WEEK RANGE)*25/100) + (CLOSE + (LAST WEEK RANGE)*0.382) )/2

LOW = ( ((CLOSE - (LAST WEEK RANGE)*25/100) + (CLOSE - (LAST WEEK RANGE)*0.382) )/2

from the data above we have HIGH = 1.4428 LOW = 1.4204

xperience shows that, in weekly breakout, sometimes, it moves some pips and reverse. so let be careful when using it for the weekly.yet

yet, one can still make some reasonable pips.

11. the next to calculate is daily range and weekly range. how i come to this formular is funny but funny enough, for day trader who trade the

asian market, is a margic. the price percolate this area before it breaks out. the weekly range shows the logistics when one can countertr

end with almost magic accuracy. when the price is in within the weekly range the best trade i could recomment is countertrade. i mean t

rading support/ resistance. here is the formular

DAILY RANGE HIGH = ( ((CLOSE + (YESTERDAY DAILY RANGE)*25/100)) ) + (CLOSE - (YESTERDAY DAILY RANGE)*0.382)/2

DAILY RANGE LOW = ( ((CLOSE - (YESTERDAY DAILY RANGE)*25/100)) ) + (CLOSE + (YESTERDAY DAILY RANGE)*0.382)/2

WEEKLY RANGE HIGH = ( ((CLOSE + (LAST WEEK RANGE)*25/100)) ) + (CLOSE - (LAST WEEK RANGE)*0.382)/2

WEEKLY RANGE LOW = ( ((CLOSE - (LAST WEEK)*25/100)) ) + (CLOSE + (LAST WEEK RANGE)*0.382)/2

from the above data, we have

daily range HIGH = 1.4333 daily range LOW = 1.4319

WEEKLY range HIGH = 1.4339 WEEKLY range LOW = 1.4293

 

 

this is formulae i used for the excel which i attached. i will be happy to answer any further questions. i will also be glad if somebody could make this indicator before intruders can in and begin to sell it to the public.and if anybody like to make it an indicator for the public to purchase under the name of this forum i will be glad to hear that. i wish u all good luck.

[Mao74]

Hi rosijitosin, I will try to make the indicator :)

 

then you will teach us how to use it in the better way!!!

[pathfinder]

dear fellows i have made an expert for metastock .

please follow organizer to import expert files.

then attach by selecting projection in "expert" then goto commentary, it will show you tomorrows HIGH & LOW.

please say thanks if i made valuable post .

 

thanks

http://www.4shared.com/file/II6ZzRlT/projection_for_metastock.html

[metatrader]

Pathfinder Hello, thank you for your information, is it possible to schedule it for metatrader? Thank you very much

[Mao74]

Hi, just finished the Indicator, I found some difference in calculation, maybe caused by excel decimal.

 

Now I need to know what do u want on chart :)

 

Let me know

[pathfinder]

Pathfinder Hello, thank you for your information, is it possible to schedule it for metatrader? Thank you very much

sorry i hav not any idea. for metatrader

[jedixs]

This is Demark' s projected range formula.. not a secret projection ... her is the metastock formula ; This system is use for professionals and for pit traders that trading with pivot lines...

 

it is based on a fomula from pivot lines..

if the close is <than the previous close than he takes the upper projection line as m3 pivot line and the bottom proj line m1

ift the close is > thand previous close than he takes the upper prohection line m4 and the bottom proj line is m2..

this are not the absulete lines... you can find your way according to them but they are not a strict lines...be carefulll

 

TPH1:=(H+C+2*L)/2-L;

TPH2:=(2*H+L+C)/2-L;

TPH3:=(H+L+2*C)/2-L;

TPL1:=(H+C+2*L)/2-H;

TPL2:=(2*H+L+C)/2-H;

TPL3:=(H+L+2*C)/2-H;

PH:=If((C<O),TPH1,If((C>O),TPH2,If((C=O),TPH3,0)));

PL:=If((C<O),TPL1,If((C>O),TPL2,If((C=O),TPL3,0)));

PH;

PL;

[rosijitosin]

Thanks Mao74 for that great work. 15%,25%,breakout, weekly breakout, weekly range and 75%. these are great levels that the market opens. thanks in advance

[rosijitosin]

Mao74 thanks for the indicator.i think there some mistake in the calculations. and attaching another excel sheet and i hope u would be able to see the calculations clearly in particular daily breakout, weekly breakout and weekly range, thanks in advance.

 

http://www.mediafire.com/?oh9i9pu9swm72by