Message to all programmers: NEW tip to improve EA/indicator

See the printscreen: you see 3 M patterns. Often they are in this order: big M, small M, big M, small M. Problem:
The problem is that it's hard to pinpoint when a ranged or trend market will start. (although the third leg of the M gives 10% higher probability since you are trading in the direction of the trend).

Tip to improve EA/indicator:
The size of the candle && swing is not so predictable, namely amplitude of candle or swing (height in price) and length of swing. Compare this with hand writing. A chart repeats the letter M over and over, but each M is in a different hand writing.

Conclusion:
Integrate a function, calculation or parameter which reads the handwriting of the letter M in a Forex chart. If you don't understand, please reply below. Otherwise, if you do understand, please reply also and tell all the programmers your idea how to implement a function to 'read the letter M in a chart'. Also, if you don't know how to implement, then your assignment is to google for 'how can robots/programs recognize hand writing from 100s of different people'.

Situation:
Bollinger bands consist of:
- band indicators
- squeeze, bandwidth, %b indicators

Suggestion for programmers:
Other band indicators don't have a squeeze indicator. Incasu:

Bandwidth and squeeze Indicator for:
- quantile bands
- MA bands
- atr bands
- keltner bands
- jurik bands
- kaufman bands
- kalman bands
- Support and Resistance bands
- Value chart polyfit bands
- Vydia bands
- donchian bands
- caterpillar bands
- hurst bands
- mogalef bands
- RSI bands
- tma asymmatric bands

It is a great suggestion & detail post sir. Perhaps it belongs in commercial department of this forum so u can at least make small payment for this kind of works. Sorry my english sucks but yes, this sounds like a great idea but such work should be paid for.

Btw it is nice to see u back

You are welcome. The tips are purely inspirational on a brainstorming level.

It is not about only M shape,there are so many variations of shapes,W,L,A,inverted Z and so on a long list,do any one can depend on some shape,if shapes drive price movement - price move is a wild animal,can go any where of what ever speed or angle

samusmus wrote: Wed Jul 04, 2018 11:47 am ...
Conclusion:
Integrate a function, calculation or parameter which reads the handwriting of the letter M in a Forex chart. If you don't understand, please reply below. Otherwise, if you do understand, please reply also and tell all the programmers your idea how to implement a function to 'read the letter M in a chart'. Also, if you don't know how to implement, then your assignment is to google for 'how can robots/programs recognize hand writing from 100s of different people'.

The Harmonic Pattern indicator ZUP148 has a M-pattern and W-pattern function by Merrill done with Zigzags

Good suggestions. I hope programmers find inspiration in this specific parameter within the said ZUP148 indicator of the M pattern.

Also, programmers can find inspiration when building an EA by basing parameters on:
- fib fans, fib arcs, fib timezones
- gann fans, gann grid
- "Trendline by Angle"

Inspirational ideas for new coders:
- many EA's are out there. But some are rare or not yet invented like these ideas:
* TMA expert advisor (since TMAc is repainting and the other TMA's are recalculating it's not possible, so an inspiration is to build a non-recalculating tma and tma expert advisor. Will this be possible in the future to code tma asymmetric bands.mq4 and TMA bands qtfx.mq4 for an expert advisor?
* expert advisors regarding post #2's indicators
* expert advisor for PnF, point and figure. See attachment for more info





Attachment #1: PnF

What are pnf charts:

Pnf charts track only price changes and ignore time, as you probably noticed in the charts. The aim is to reduce market noise. pnf is used mainly in breakout strategies and could be an addition to stop hunt strategies. (other strategies:

Edited ---------------------------------------- links removed



Summary:

So in short, pnf is based on lows and highs. 1 column can only contain X's or O's (not both). Change requires a move equal to or greater than the reversal distance (based on 1. ATR or 2. absolute price value). ATR method is useful on all pairs, while the absolute price method is straightforward and easy to anticipate when and where new boxes will form, but selecting the correct box size for a specific pair will take some experimentation.