ProfLogic's Method

LostTrader, thanks a lot for posting the NinjaTrader code for the ergodic indicator(plus the labelling code) and also for posting the updated code.

I also wanted to thank Whisky and palinuro for posting their NT code.

I realise that a lot of effort is involved in writing the code,not to mention great programming skills and an indepth understanding of the ProfLogic method.I am grateful to be able to use the end-result of all of your efforts without having the knowledge/putting in the effort to program the code.

 

go here
My Documents\NinjaTrader 6.5\bin\Custom\Indicator

hopefully you have the header 'date modified' click on it to sort files in order the most recent to oldest, delete the most recent one or if you remember the name delete it. That should fix compiling message error. Note: The worse it does by deleting a file is you have to re-import it.

 

For some reason, my NT installation was faulty. I removed it, re-installed it and now everything is beautiful. Thanks to Lost for his advice and to everyone's continuing contributions to this thread.

--Fishaman

 

SO RIGHT

 

I am glad you got it working. Now you can practice importing again! I found another flipping tracking error. Anyone using this on the 16807 ES this morning should have seen a problem.

All you have to do is import & re-apply indicators.

 

Yes indeed, I found it and was going to report it to you. Nice catch and thanks for your work on this. I track manually but like to keep your code in place just to see how I am doing...Its nice to have...

I appreciate your work on this.

Good luck

 

Question:

Let's assume for sake of argument that on a higher chart, we have a green price oscillation trending up.

Next, let's assume on a lower chart we get a PPF HL.

Next we wait and see that we get a PF failure bar. Then we get a confirmation bar that is higher than the PF failure bar.

Can the entry bar be at the same level as the confirmation bar as long as it does not open at or below the price level of the PF failure bar and/or the confirmation bar?

Finally, if we don't get a PF failure bar and instead the market just goes straight up after a PPF HL, is the PPF HL valid or is only valid if you wait for and get a PF failure bar? For example we get 3 price bars that are making higher highs but no PF failure bar, could the 3rd higher high bar still be considered an entry bar or would this not be valid concerning the methods be expressed here?

 

"on a higher chart, we have a green price oscillation trending up" ???

"on a lower chart we get a PPF HL"

I will assume that "green" designates that something (ERG or Histogram I think because you aren't clear which you mean) is going up. Strength & Price goes up and down, Trends don't.

I will assume the the "lower chart" is the Trading Chart and that the target resistance oscillation is a Breach HH. I assume this because you didn't make it clear.

I will then assume you see the PF sequence begin from Prime Support on your ERG on your Entry chart. (Again I assume this because your example isn't clear) This being the case, the confirmation bar being higher than the PF bar is not relevant. The PF is judged from support not resistance.

The entry bar's only condition is that is don't match or open lower than the PF bar in this particular situation. The confirmation IS the confirmation bar if it doesn't open matching or lower than the PF bar . . . that would make it either a match PF bar if it matches or a new PF bar if is lower.

You will always get a PF . . . . period.

Hypothetical examples are exponentially harder that simply posting a chart to explain your question.

 

I appreciate the help. I have one more question for now, also in the future I will post charts.

Let's assume everything is going well and I am going for in that trade the breach HH as my target. If the breach HH prints on my screen, is that the target even if the market continues to go higher and prints more breach HH's? Obviously, in hindsight I can see where the final breach HH got printed.

For example, can assume the final breach HH has been formed if we get a PF bar and then a confirmation bar in the opposite direction, or as soon as we get a breach HH, we should assume the trade is over and wait for another HL?

 

The target is the Breach but your exit is an oscillation on yourTrading Decision chart of the Histogram of ERG that is either a failure or contains Divergence or Convergence.