Hi Panisko, That is a MTF moving average of 5 minute time frame using EMA37 close, highs and lows. Good Luck...

Random Walk (The unbeatable!)

Hi matt, I think the discrepancy comes from the zscores used. Mine uses 1, 1.28, 1.645, 1.96, 2.58. kprsa's doesn't have the zscore 1.28. That is why you are missing a level.

Random Walk (The unbeatable!)

Please look at the kprsa's excellent indicator (pivot_goldthehun_v2.mq4 ) on daily time frame. You will need the ATR-Close.mq4 indicator in the indicator folder for the kprsa's indicator to work properly.. In following 2 charts you will find EURUSD ...

Random Walk (The unbeatable!)

kprsa, If you enter at 78 or 23 levels normally TP levels are 0 or the 100 levels (D1Res0 or D1Sup0).. But if you enter at 50 level, your TP should be D1Sup1 or D1Res1. As you see these levels could be used in a very flexible way. Even a grid system ...

Random Walk (The unbeatable!)

Thanks once again kprsa for the time and effort.. Word of warning though: This is not an automatic system, where you buy at certain level and exit at certain level. Individual judgement must be involved. I personally use almost any level to trade ...

Random Walk (The unbeatable!)

If you download kprsa's code at post 181 you will see the volatility calculation. It is not ATR.. Good Luck...

Random Walk (The unbeatable!)

I will make sure to report back...... Cheers to you and good luck...

Random Walk (The unbeatable!)

Wow... Perfect perfect perfect... I don't know if it is calculating the past days correctly, I couldn't check that for the moment, but current day is %100... Thanks a lot for your efforts and time kprsa... Good Luck...

Random Walk (The unbeatable!)

It looks perfect but only problem is it is using the ATR. The one I have uses the following indicator. file If you could use this instead of the ordinary ATR, it will be perfect. The regular ATR gives too inflated figures for random walk to be ...

Random Walk (The unbeatable!)

Hi kprsa, Thank you very much for posting this. I will check the code and let you know very soon. Appreciate your effort. Good Luck...

Random Walk (The unbeatable!)

You're always welcomed aaven...

Random Walk (The unbeatable!)

Hi aaven, Your idea will only show that today's open is lower than yesterday open and, unless the volatility is through the roof... Of course this could be a method too, but I personally don't like set rules for the trend. Rules work today and stop ...

Random Walk (The unbeatable!)

Welcome to the thread Copernicus.. I am very glad you enjoy it. Good luck....

Random Walk (The unbeatable!)

Well after a lot struggle 23.6 hit finally... Good Luck all.....

Random Walk (The unbeatable!)

By the way, all upward pushes seem fake to me (my personal opinion). They don't want the price to go down prematurely, so they try to push it up for a while then let it go. I believe 23.6 level is very possible, if not lower. We will wait and see. ...

Random Walk (The unbeatable!)

Hi Jack, You need 1440 (5 min bars) for correct calculation.. So what you have is more than enough... Good Luck...

Random Walk (The unbeatable!)

[2] Hello Khalil, As you know I have started a new thread by modding your indicator. url The only difference is that instead of using ATR for volatility, I used abs(close[1] - close [2]) of the 5 minute bars and it works amazingly. Now I would ...

Need Best Support and Resistance Indicator

Here is a brief explanation of how the levels are calculated: Using the absolute value of close differences of past 5 minute bars we find the volatility. We know from statistical rules that Sqrt(time) * volatility = standard deviation Since we have ...

Random Walk (The unbeatable!)

FireFries, Thank you for updating your situation. Next week you will have many possibilities I am sure.. Good Luck and a great weekend....

Random Walk (The unbeatable!)

Hi RogueTreder, I am not the original coder of this indicator. I have just modded it to fit the random walk theory. The coder of the original indicator is abokwaik. Who is an excellent coder and a member of FF.. Good Luck...

Random Walk (The unbeatable!)