Mel Veteran   Posts: 235 Joined: 3/18/2006  User Profile | I suggest the following: 1) Use the Ehlers Quotient Transform to detect trend start. 2) Use the Ehlers Roofing Filter Indicator to detect Trend start, by tuning it to the cycle whose upswing is the one you think of as the trend. A trend is the slope of the trend cycle. I have attached the code that does this. Included is an FX version of the Roofing Filter Indicator. It calls a getFXCycle routine to get the wavelength of one of three strong cycles in the FX symbol. The code I am sending has the wavelengths for 240 minute bars. Since FX cycles are strong and stay stable for long periods of time, I use the Spectrum indicator from the ACT module to figure out the wavelengths for the symbols and time frames I am interested in, and put them into getCycle. Then, when you change symbols, you instantly are tuned to the correct wavelength, without having to run time-consuming Fourier Analysis calculations. You can modify the getCycle routine for your symbols and time frame. The only other suggestion I have is to plot the Defended Price Lines using the Relative volume (using adjusted volume) and Freedom of Movement indicators. You will not break out of those little consolidations that are on a DPL until the underlying supply or demand is exhausted. You need to know if you are on one. Those DPLs above and below you are the next likely places for a pause or reversal, so they help you decide if you want the trade at all. Mel  Attached file : Jules.zip (3KB - 487 downloads) |
