ProfLogic, I want to lay out the structure first before getting too deep into the rules. This is to confirm what I think I know as the base for the rest. All charts are CVB (Constant Volume Bars) to a power of 7 (the base). A triplet chart set is used with consecutive exponents : Entry Chart = 7** N Volume Trading Chart = 7 ** (N+1) Strength Chart = 7 ** (N+2) There are two lower indicators: a customized Ergodic signal line (adapted from Blau's TSI) and an Ergodic Histgram. The parameters (on all charts) are Fast = 49, Slow = 49, Signal Length = 147, and Price Close (vs Median, etc). I'll get deeper into this formula later. Some definitions : Oscillation = a change in slope direction (+/-) == on ERG & Histogram = change in color; on Price = Peak or Trough PPF = Physical Price Failure = Oscillation Failing to make a HH or LL = Lower Peak or Higher Trough Breach = Strong Breach = Price Oscillation making a HH or LL = Higher Peak or Lower Trough Breach PPF = Breach Physical Price Failure = Breach with price change of 6 tics or less Match PPF = Price Oscillation with the same High/Low as the previous oscillation Weak PPF = Match PPF Since all PPF & Breach variations are price oscillations (Peak/Troughs) then then same algorithm can be used to identify all, and then distinguish by comparing the current oscillation price to the previous; i.e., Abs(New â Previous) = Delta Delta > 6 == Breach 0 < Delta ≤ 6 == Breach PPF Delta = 0 == Match PPF Delta < 0 == PPF I realize that some folks might consider this obvious to some, but I would prefer to avoid any invalid assumptions. ProfLogic, if you could just let me know please â is this exact or what needs re-writing? TIA !
Alright, I seem to have messed this up already. PPFs & Breaches on chart (N) are not based on chart (N)'s Price oscillations, by definition (below), they are based on the ERG signal line oscillations of the faster (N-1) chart. They happen, mathematically, to align with the Price peaks and troughs. From an earlier post Is my interpretation correct?
You are correct. Oscillations of the N-1 ERG in Prime (+/-10) are Prime PPFs the other oscillations of the N-1 ERG are secondary PPFs oscillations. JW
Did I hear that there was AmiBroker code available? if so, please PM me. I'd like to get a copy for study. Whiskey, FYI, I snagged your Ergodic for Ninjatrader as well as palinuro's. Now I am in process of crawling through them to assist my learning curve. Thanks, everyone!
hi Guys, i am new to the forum. just finish reading the forum and got some question hopefully you guys can help me with it. 1.if i found the erg in 2401 chart forming higher high, does it mean the market is going up and i start to look for long signal in my 343 chart? 2.divergence must occur above +10/-10 to be significant? 3.does any one has proflogic software that can show all the arrow and entry and exit signal?can email me a copy? thanks so much.
The rules refer to an Entry/Exit (7**N), Trading (7**N+1) & Strength (7**N+2) chart. Some posts refer to the Trending chart. (1) So is the Trending chart the same fractal as the Strength chart ? It seems that only the histogram is used on the N+2 chart, to indicate strength. (2) Is anything else used on this N+2 chart? Thanks!!