Thank you for posting your charts earlier today. The Ensign histogram appears to be a decent replication, but the Erg line still seems rather suspect. Without taking the time now to seek the answer which I'm sure you have stated previously (a review will be forthcoming here), is my understanding correct that the Erg line is actually calculated from the 343V (next fastest) chart data, and is then 'transposed' onto the 2401V histogram? If so, I assume one could use an Ensign DYO study to accomplish this, and I can report what their support staff suggests. Again, thanks for your help ...
I found a severe programming mistake in my code of the histogram. I have fixed it and now the chart looks like this. Pretty close to Prof's chart. Cleaning the code and comments now. JW
My programming mistake was somewhat more severe. The chart posted compares well with the chart posted by Prof earlier. JW
I haven't used Ensign for 5 years but that sounds right. Howard and his staff were the first to offer Constant Volume bars too.
For anyone following along, Whisky is asking a legitimate question. Go read page 10. It's all there. Whisky, Thanks for your work on the NinjaTrader code. NT is one of the finest pieces of trading software I've come across. So fine that I bought a lifetime license a couple of days ago. My hall of fame list of software has gone from only two, Amibroker and Telechart2000, to three software packages, i.e. NT is now on the list. When will you post your final code? Regards, John
Prof - the above was your response to a question concerning the erg line and histogram (p.6) The above phrasing "the next fastest (largest) fractal" is messing with my pea brain [and I'm reading (largest) to mean larger] . In my mind, the next fastest fractal would be numerically smaller (i.e., 343 is faster than 2401), or conversely, the next slower fractal would be numerically larger (i.e., 16807 is slower than 2401) These thoughts do not equate with what you stated. And if I understand, you were stating that the histogram is 'transferred' from the next fastest fractal, and not the Erg line as I was questioning earlier. Sorry - I'm one of these types where Step 1 must be understood before proceeding to Step 2. Thanks ...
So, the rules have been mentioned several times in the last few pages, and I need to better understand what they actually state. I find these type of discussions quite laborious, so apologies up front. Also, I'm hoping 'anyone' with a good basic grasp of these concepts will lend a hand, as I really don't care to burden Prof with stuff he has probably answered numerous times elsewhere. I will just start at the top, and go line by line w/ questions. For discussion's sake, consider 'current' price action to be in an UPTREND. (In trading decision chart): for intraday trading, I take this to mean the 2401? 1. Prime Trading PPF trade through to Prime Trading Breach. : is this saying that price has made first a HH, pulls back, then a LH, pulls back again and finally another push to a Breach (which will be a HH 1-7 ticks beyond the first mentioned HH) ? 2. Verify Histogram is in Prime but not yet oscillating. : so Histogram value is equal or greater than 10, but slope is still positive and it has yet to break over ? (In Strength Chart): the 16807 chart ? 3. Confirm Histogram is in Same Direction on Strength Chart, next slowest chart. (This is for see the overall strength): histogram slope is up - does it matter in what relation to the zero line (above/below) ? (In Entry Chart): 343 chart ? 4. ERG Oscillation in Prime.: erg line is 10 or above - has the slope of the line switched from pos to neg, and have we seen a color change yet ? 5. Look for PF Bar or Bars: OK 6. Look for Confirmed Price Failure Bar.: what constitutes this CPFB ? 7. Enter at the open of the Execution Bar (this is the bar immediately following the Confirmation Bar). : OK To be continued - and as usual, thanks ...
At least you ask nicely. That's a good start. I'm still working on it. I actually spent 5 hours cleaning it up and making a few changes that elliminate "round-off-error-color-change-oscillations", i.e.: Pure machine round-off generated noise. See how bottom chart shows less noise/cleaner signals than unfiltered version. The code looks very simple, yet it took many hours/days of painful effort to make it exactly like it is. Every other code posted in this thread has been a poor hatchet job of someone else's work, that does not show the proper results or have large flaws. Mine is a hatchet job too (I did not start from scratch), but mine works. I'm not going to post it in this public forum or sell it either. What are you bringing to the table?. I prefer to trade stuff than giving it free. Have a labelling program?. A useful idea?. Almost anything useful to me will get you the code. Of course Proflogic will get it without asking. JW
2401 ERG is created on that chart alone. 2401 Price labels are generated from the Prime ERG oscillation levels on the 343. 2401 Histogram Oscillations are created from a combination of the ERG ocsillations on the 343 and the slope of the 2401 ERG.