OmniTrader Pro Resource Forum
OmniTrader Pro Technical Support
Guppy CBL Indicator and Trade Plan
4 replies, 1808 viewings
|
OmniTrader Pro Resource Forum
OmniTrader Pro Technical Support
Guppy CBL Indicator and Trade Plan
|
Last Activity 9/22/2025 10:02 PM 4 replies, 1808 viewings |
|
|
|
| Printer friendly version |
Diamondjag Legend  Posts: 404 Joined: 3/12/2006 Location: Brighton, Colorado  User Profile |
It seems to trail nicely at first then seems to forget where it is….see below. I am assuming that on a setting of “3” it puts a line at the lower low of the last three days. I like HA bars. You can see why below. I have plotted the G-CBL indicator (3) – Blue line and the stop for the Nirvana Guppy Trailing CBL stop (3) Trade Plan – Red line on HA-DAILY chart. I then plotted the same stops on a DAILY chart. I put the internals of the TP at the bottom of the screen shorts below. Stops based on H/L Prices. What I want is for the stop to exit as shown on the blue line below (Guppy CBL Indicator) but the Guppy Trailing CBL stop diverges about half way up and doesn’t catch all the price bars at the top of the run. Can you tell me what’s going on here and how I can make the TP stop behave like the blue line Guppy CBL Indicator? [Edited by Diamondjag on 3/17/2022 4:17 PM]  Attached file : HA Daily Bars.jpg (71KB - 535 downloads) Attached file : Daily Bars.jpg (67KB - 585 downloads) Attached file : Trade Plan.jpg (133KB - 534 downloads) | ||
| aztrix Member Posts: 23 Joined: 8/28/2021 Location: Sydney, NSW, Australia User Profile |
I understand why you're a big fan of the Guppy CBL, I have been a long time fan too. The key to the Guppy CBL is that it uses the most recent high in an uptrend as it's starting point, not the the lowest low of the last three days. So once you have the most recent high, count back the 3 most significant lows i.e. ignore lows higher than your previous significant low. See the attached chart using your example on the daily with H, L3 and 4 Xs (that are insignificant lows) marked on the chart. I hope this makes some sense, for reference check https://www.guppytraders.com/cbl-info Cheers Aztrix Attached file : Guppy CBL.jpg (147KB - 263 downloads) | ||
| aztrix Member Posts: 23 Joined: 8/28/2021 Location: Sydney, NSW, Australia User Profile |
| ||
| jawjahtek Member  Posts: 37 Joined: 5/30/2006 Location: Georgia, USA User Profile |
Do you (or anyone else) know the rules that are used for N's Previous Bar Level that was introduced in the Harnessing Relative Strength module? As often done in N's webinars, it was described as "similar to the Guppy Count Back Line, but different". PBL usually has the same values for each bar as CBL, but there are exceptions. I am curious as to what causes the exceptions. | ||
| aztrix Member Posts: 23 Joined: 8/28/2021 Location: Sydney, NSW, Australia User Profile |
Cheers Aztrix |
|
|
|
|
Administrator
Forum Moderator |
Registered User
Unregistered User |
 E-Mail this thread to a friend |
Toggle e-mail notification |
