Question on the Dynamic Zone Stochastics Indicator to MLaden/Mr Tools.
Are these assumptions correct?Upper Level =This is the assessed upper level of the stochastic indicator adjusted based on overbought level of 'xx' over the past 'xx' candles.Central Level =This is the assessed central level of the stochastic indicator adjusted over the past 'xx' candles based on the average of the Upper and Lower levels.Lower Level =This is the assessed lower level of the stochastic indicator adjusted based on oversold level of 'xx' over the past 'xx' candles.
I was writing some notes for my own use and your help would be appreciated to understand a little more of this excellent indicator.
Regards
TEAMTRADER
Re: Dynamic Zone indicators for MT4
182Yes , with one deviation :TEAMTRADER wrote:Question on the Dynamic Zone Stochastics Indicator to MLaden/Mr Tools.
Are these assumptions correct?Upper Level =This is the assessed upper level of the stochastic indicator adjusted based on overbought level of 'xx' over the past 'xx' candles.Central Level =This is the assessed central level of the stochastic indicator adjusted over the past 'xx' candles based on the average of the Upper and Lower levels.Lower Level =This is the assessed lower level of the stochastic indicator adjusted based on oversold level of 'xx' over the past 'xx' candles.
I was writing some notes for my own use and your help would be appreciated to understand a little more of this excellent indicator.
Regards
TEAMTRADER
2. is always a sort of a middle (regardless of the settings for upper and lower) - ie: it is an equivalent of a "zero line"
Re: Dynamic Zone indicators for MT4
183Thanks again.
TEAMTRADER
PS
How is the original post posted with the reply?
TEAMTRADER
PS
How is the original post posted with the reply?
Re: Dynamic Zone indicators for MT4
184TEAMTRADER wrote:Thanks again.
TEAMTRADER
PS
How is the original post posted with the reply?
Click on the pencil in the upper right hand side.
Re: Dynamic Zone indicators for MT4
185MLaden,mladen wrote:
Yes , with one deviation :
2. is always a sort of a middle (regardless of the settings for upper and lower) - ie: it is an equivalent of a "zero line"
Did you know that your indicator Dynamic zone stochastic has predictive qualities with the upper and lower levels?
TEAMTRADER
Re: Dynamic Zone indicators for MT4
186Hi TEAMTRADERTEAMTRADER wrote:
MLaden,
Did you know that your indicator Dynamic zone stochastic has predictive qualities with the upper and lower levels?
TEAMTRADER
If you can explain/illustrate with pictures,may be it help other users too
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Re: Dynamic Zone indicators for MT4
187I need to do a lot of checking on other charts and time frames as well as offline before I am certain - I hoped that MLaden may have a definitive answer.mntiwana wrote: Hi TEAMTRADER
If you can explain/illustrate with pictures,may be it help other users too
TEAMTRADER
Re: Dynamic Zone indicators for MT4
188MLaden/Mr Tools,
Can the DZI attached be made into one that goes onto the chart please?
Thanks
TEAMTRADER
Mntiwana,
It has good predictive attributes on the 15m TO 4hr chart only but it is not a 100% accurate prediction but very, very good.
The actual movements of up and down are difficult to assess in live trading but if the coders can make this into an on-chart version it will be made a lot easier.
Regards
TEAMTRADER
Can the DZI attached be made into one that goes onto the chart please?
Thanks
TEAMTRADER
Mntiwana,
It has good predictive attributes on the 15m TO 4hr chart only but it is not a 100% accurate prediction but very, very good.
The actual movements of up and down are difficult to assess in live trading but if the coders can make this into an on-chart version it will be made a lot easier.
Regards
TEAMTRADER
Re: Dynamic Zone indicators for MT4
189Hi TEAMTRADER,TEAMTRADER wrote:MLaden/Mr Tools,
Can the DZI attached be made into one that goes onto the chart please?
Thanks
TEAMTRADER
Mntiwana,
It has good predictive attributes on the 15m TO 4hr chart only but it is not a 100% accurate prediction but very, very good.
The actual movements of up and down are difficult to assess in live trading but if the coders can make this into an on-chart version it will be made a lot easier.
Regards
TEAMTRADER
Is that possible to describe the Long and Short Entry Rules ... ??? and off course if there are Exit Rules also ...
Thank you for your attention and cooperation ...
Best Regards
Dimitri
Re: Dynamic Zone indicators for MT4
190There are so many on chart versions of different stylesTEAMTRADER wrote:MLaden/Mr Tools,
Can the DZI attached be made into one that goes onto the chart please?
Thanks
TEAMTRADER
Mntiwana,
It has good predictive attributes on the 15m TO 4hr chart only but it is not a 100% accurate prediction but very, very good.
The actual movements of up and down are difficult to assess in live trading but if the coders can make this into an on-chart version it will be made a lot easier.
Regards
TEAMTRADER
Indicator is just a tool.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.
Use it only if it can benefit you. Leave it if you don't know how to use it optimally.