Swing Charting

[TURLIES]

Hi Fabrizio,

I experienced the same results with the efs yesterday - basically if i loaded the Swing chart on real-time data, it crashed my computer (pushing the CPU to 100% and completely freezing eSignal).

I'm going to email Jason at eSignal today, to see if he, or anyone else at eSignal, can give us a hand with refining this study.

If we can get the Swing Chart working properly, at least we will have one tool to apply to swing charting.

Paul.

[TraderJO]

Paul, Fabrizio...

I experienced the maxed out CPU load as well when running the Market Geometry script. I'm not certain if that happened when running the original ZigZag script though. I found several errors in the Geometry script; miss spelled variable, undeclared variable, missing ";" after a statement, etc. I fixed these, but then the market was closed so I couldn't run the script in real time to see if the CPU loading problem was fixed.

One thing I did notice though with the un edited Zig Zag was that it doesn't plot a swing until it has completed and one in the opposite direction is underway. This greatly limits the functionality of this tool during reat time trading hours. I'll keep plugging away at it though. Right now I'm studying the basics of Java script programming so I can decipher the loops that find the swing highs and lows. Actually having some fun here!

Take care,
__
JO

[fabrizio]

Fellows Traders

In the meanwhile that both of you became a nice pair of "wiz" , we hope that some of our "leaders" or someone else will give us a hand!!!!

Have fun and a good W.E.!

Fabrizio

[TraderJO]

Hey Guys....I finally got it !

This plots just like you wanted it Paul. Before I add any more enhancements, I'm going to wait until trading starts on Monday to see how it reacts in realtime.

Here's how it looks on my screen now......

[fabrizio]

Jo

Repost, We cannot see it

[TURLIES]

Hi Jo,
Excellent result - well done. I've made some very small changes to the way the data is displayed on the chart - its was overlapping and not visible - and i've also added setComputeOnClose() which hopefully should burn up less power with it making less calls on the CPU.

At least we are very close to attaining one workable study - i've also attached another 'potential' study idea for projecting Support / Resistance lines from the Pivot highs/lows - unfortunately i'm better at generating ideas than programming efs!

Thanks,
Paul

[TURLIES]

Fabrizio,
Heres an image of the latest Swing Tool efs.

Paul

[TURLIES]

Jo,
Attached efs of Swing Tool S-R study - far from finished!

Paul

[fabrizio]

Well Gentlemen

my compliments.

[Seshadri]

Comment on Swing Charts

Even though the swing chart looks great in retrospect (nice effort to get it to work), will it be able to predict the future price/trend in real-time? I tried it in play back mode and it was wierd with lines going everywhere and changing with movement of prices. It seems to be a lagging indicator.

Sesh

[fabrizio]

Re: Comment on Swing Charts

Originally posted by Seshadri
Even though the swing chart looks great in retrospect (nice effort to get it to work), will it be able to predict the future price/trend in real-time? I tried it in play back mode and it was wierd with lines going everywhere and changing with movement of prices. It seems to be a lagging indicator.

Sesh

Shes

The answer is NO, using a simple Zig Zag ( ex post tool) .
You should referr to mr WD Gann and actualize its "timings " (due to the increased speed of markets) to obtain the correct Swing procedure. Or to an even more complex soft which is not for sale.....

[TURLIES]

Hi Sesh,
I agree with Fabrizio. My main objective for using the Swing Chart is to have the study calculate and display the Wave price levels and lengths, instead of me having to do it which is very time consuming.

In terms of the future price forecasting ability, i'll use the Wave lengths of a 'similar degree' to calculate (in excel spreadsheet) any Fibonacci/Elliot Wave ratios of 'potential' price targets.

If you're unfamiliar with this, check out Robert Minor's site www.dynamictraders.com - which provides some background on practical Elliott Wave analysis.

Paul

[fabrizio]

Sash

Turlies answered your question much better than me. I appreciate his mention to Robert Miner , his site and - certainly his software. My finality in swing is exactly the same of Paul's one. Swing -in his highest acception- is for me an incredible charming and passionating analisys.

IMHO widen your curiosity but stick with a technique at least until you know it well in its basics. Otherwise you risk IMHO, to have too many approach.

In trading I am ELLIOT (fibonacci, geometrics patterns, harmonic )in PRIMIS. TOM DEMARK IN SECUNDIS (rithm, contratrend, price exaustion) ( there is no conflict at all among the two approach).
I have to learn all from thsoe two approach, really a lot let's say........a life.If it is enough...

Cordially

[TURLIES]

Hi all,
I've been working today to try and adapt the Swing Tool that Jo developed to be able to create Price Projections - as follows :

1) Price Projections based on the previous Wave Pivot Point (eg - the Bearish wave B in attached chart - if that wave had 'finished' and price was continuing upwards from this point);

2) Price Projections based on the previous Wave Pivot Point "Before that" - (eg : the Bullish wave A on the chart);

End result =
if price was now rallying from this point on the chart, you would have :

a) projections based on the RETRECEMENT of the last bearish wave B;

b) projections based on the EXTENSION of the previous bullish wave A;

I've run into the following problems, that my skill level cannot solve:

1) The actual swing tool is not working as it should - hence i've had to draw the lines on the chart;

2) I tried to create an array which would hold the previous Swing Pivots data in for the calculations, but have no idea where to go from here to make it work and how to use it in calculations;

3) minus numbers - eg - a bearish pivot produces a minus number (need to change this into a +ve number during the calculation so it can be added to the pivot to produce RETRACEMENT numbers;

Any help would be appreciated,

Many thanks,
Paul

[TURLIES]

Heres the formula for the study.

Paul