Ducks In A Row

[Aussiedoc]

The Pivot rules I was taught are:-
1. a pivot is an indication of a change in trend direction - determined by 5 candles. (1-2-3 candles trending in one direction followed by the 4th, 5th & subsequent candles in the opposite direction.)
2. the 3rd candle is the pivot (swing-high/low).
3. a pivot is not fully formed until either the 4th or 5th candle opens above/closes below the body of the pivot candle.

Hi Doc!

Can you explain part 3 a bit more? For a sell, are you looking for the 4th or 5th candle to actually open above the body of the pivot candle and then close below it? It's hard to tell from your snapshot. I've attached an updated Ducks that will place a vertical line marking all the pivots points based on this understanding. Let me know how close it is to what you consider a pivot point.

G'day, George! Sorry to take so long to answer you.

Mate, that new indi is brilliant. In case you haven't been told today...

George, you are an absolute 100%, straight-up wizard!

Thinking about the detail you required last time; I have translated all the candle data pertaining to the pivots shown in the attached AUDUSD onto a spreadsheet.

I hope I am on the same page and this is the information you want.

Thanks. Take care now.
Cheers, Mark

[gaheitman]

Looking at your spreadsheet, your Long/Short designations for candles don't fit with what I would classify as Long/Short. I have attached a revised version of the spreadsheet with an additional column showing my interpretation (Open > Close = Short, Close > Open = Long).

George

[Aussiedoc]

Yep! Took me a minute! 100% correct!

George, sorry! Going to sound like I am splitting hairs here.

Difference is methodology! Did all my calculations based upon David's teachings: "only interested in general direction of bars on chart - up (higher highs/lows = long), down (lower highs/lows = short). Up/down/up/down = sideways - forget until 3+ same same. Look for pivot - highest high/lowest low before direction change, 3 preceding bars. Check 'pivot break' - bar open lower than pivot low/higher than pivot high, opp direction, 1-3 bars, (5+ - wait for stronger pivot)."

George, you are the boss here! Which is best for your calculations?? I remember Steve mentioning fractals re pivots. As yet, I have never used them. If Steve and you are suggesting them then they have to be as good as, or better than, my method - so 'just do it!'

Thanks for everything! Have I answered the question? It's 0330 Wed and I have a 0730 start. Will check in during the day.

Cheers, mate.

[gaheitman]

Yep! Took me a minute! 100% correct!

George, sorry! Going to sound like I am splitting hairs here.

Difference is methodology! Did all my calculations based upon David's teachings: "only interested in general direction of bars on chart - up (higher highs/lows = long), down (lower highs/lows = short). Up/down/up/down = sideways - forget until 3+ same same. Look for pivot - highest high/lowest low before direction change, 3 preceding bars. Check 'pivot break' - bar open lower than pivot low/higher than pivot high, opp direction, 1-3 bars, (5+ - wait for stronger pivot)."

George, you are the boss here! Which is best for your calculations?? I remember Steve mentioning fractals re pivots. As yet, I have never used them. If Steve and you are suggesting them then they have to be as good as, or better than, my method - so 'just do it!'

Thanks for everything! Have I answered the question? It's 0330 Wed and I have a 0730 start. Will check in during the day.

Cheers, mate.

Your methodology works for me!

George

[Aussiedoc]

All the Ducks in a row

[gaheitman]

All the Ducks in a row

Quick question... Which bar is the pivot in this example? The code I was about to post shows the last pivot on the 29th.

George

[DING]

All the Ducks in a row

thanks and expect more example chart ,

[Aussiedoc]

Quick question... Which bar is the pivot in this example? The code I was about to post shows the last pivot on the 29th.
George

George, great to hear from you! Hope your world has not been as crazy as mine!

I've stuck a yellow arrow, and opened the data values, for the candle I identified as the pivot. My broker (AXIS) shows this as 27th. The next candle on my chart is the 30th.

Cheers.

[Aussiedoc]

Can you set up a chart with the ducks you want to use and the settings that you like and save the template? Then either post it on the thread or send it to me so I can fix those settings as the defaults. I was also planning on collapsing the ducks into a single duck that would quack when everything is lined up.
George

George, thanks!

Please find Ducks_M5 template attached. I have done as you suggested and set all the internal values the way I reckon they work best. The only one I am unsure about is the RSI Lookback candles. I take it that the angle is measured over the past 3 candles - going from <45 to >55, or vice versa?

Mate, the girls love the idea of me having a programme with a duck that quacks when everything is lined up. They are having a great time looking for a sound-file of ducks quacking that I can substitute for the standard alert.wav

I do have one question though. George, the opportunity to counter-trend trade comes up quite frequently. Is that something you can wire in - or is that something I should talk to Steve about?

Cheers, Doc

[gaheitman]

Mate, the girls love the idea of me having a programme with a duck that quacks when everything is lined up. They are having a great time looking for a sound-file of ducks quacking that I can substitute for the standard alert.wav

Cheers, Doc

That's easy. Put the attached wav file in your <broker-name>\sounds directory (you'll have to unzip it first, the board doesn't allow wav files). The attached script will test it out. :>

George