vvFish wrote: Sat Jul 31, 2021 10:39 pm
good luck

Hi, do you mind if i ask how "banklevels" indicator works? I got it on my list of indicators to test but maybe you can give some advice.

Thanks!

ffsss wrote: Sat Jul 31, 2021 11:16 pm Hi, do you mind if i ask how "banklevels" indicator works? I got it on my list of indicators to test but maybe you can give some advice.

Thanks!

I just love the two green lines on the graph.
For more than a decade of trading on the stock exchange, I have become so accustomed to the lines that you see now that I even feel sorry for them to be removed from the chart.
You will love them too.

Jimmy wrote: Sat Jul 31, 2021 10:40 pm Awesome Fishy, always love to see and explore your chart templates man

Adjusted my setup to include this:
Lots going on with this indicator and I love it. I cleaned up the settings to match Jimmy's best I could. Also a screenshot of the color settings.

For newer traders, remember:
Hidden divergence signals trend continuation
Classical divergence signals reversals.

Know where you are in the broader context of the trend...use this tool to help make an informed decision.
Color settings:

Lumios wrote: Sun Aug 01, 2021 1:13 pm Adjusted my setup to include this:

Capture.PNG

Lots going on with this indicator and I love it. I cleaned up the settings to match Jimmy's best I could. Also a screenshot of the color settings.

Outstanding work and great settings file mate, you've highlighted all the "extreme" reversal points which is how Chaos Visual would display them.

Now it's fitting for reversals.

Posting a template too so others can use it as a guide but yours is spot on

As seen in the screenshot below, this is Mrtools's Haos Visual with Chaos Visual settings to highlight:

• Classic turning point Divergence (no hidden Divergences)
• "Extreme" areas highlighted for reversal trading as per Chaos Visual

Temaplate below as used in the Daily Downloads post

Lumios wrote: Sun Aug 01, 2021 1:13 pm Adjusted my setup to include this:

Capture.PNG

Lots going on with this indicator and I love it. I cleaned up the settings to match Jimmy's best I could. Also a screenshot of the color settings.

excellent lumios sir............... thx for take time to clean up & make nice settings I like it much cleaner

& thx for comparo JIMMY BOY

Jimmy wrote: Sun Aug 01, 2021 2:51 pm Outstanding work and great settings file mate, you've highlighted all the "extreme" reversal points which is how Chaos Visual would display them.

Thanks, it's really good and very helpful.
But - just to be on the cautious side - leave out the exaggerations: there will be plenty of "early" signals still, which may cost you a lot of money if you trade them without thinking.
Even if you compare it to a very simplistic Williams'-Percent-setup you can see that the haos signal has to be interpreted quite a bit. How long do you stay in this buy-trade (using Haos)? When do you sell (and why)?
But what do I know anyway?

josi wrote: Sun Aug 01, 2021 5:12 pm But - just to be on the cautious side - leave out the exaggerations

What exaggerations?

Jimmy wrote: Sun Aug 01, 2021 7:25 pm What exaggerations?

"highlighted all the "extreme" reversal points"

update:
sorry to have interfered: we simply have a different understanding of the word "all" (that's all)

josi wrote: Sun Aug 01, 2021 7:37 pm "highlighted all the "extreme" reversal points"

Chaos Williams%R WPR 14 and 96

They are called "extreme" reversal points. That's not an exaggeration it's when both Slow and Fast WPR are above or below the extreme Oversold and Overbought zones.

On your 1 Hour chart, even if you chose to counter-trend at the first extreme signal, you still would have almost broke even at worse if you let the trade run. Not that you should even though you could, but let's just say you're really counting on price to reverse.

Chaos's "Extreme" signals, even though it's simply WPR 14 and 96 (Stochastic can be used too) is unique in the way it displays it's readings of the "Extreme" reversals of both Slow and Fast WPR above 40 or below -40, which makes it a stand-out indicator.

With WPR you sit there twiddling your thumbs at the "Extreme" areas not knowing what's what.

Calling certain zones "extreme" is not an exaggeration. It's how I've described it, and not a promise nor an exaggeration of the code's ability.

[quote=Jimmy post_id=1295440500 time=1627793505 user_id=4862593]
Outstanding work and great settings file mate, you've highlighted all the "extreme" reversal points which is how Chaos Visual would display them.

Now it's fitting for reversals.

Posting a template too so others can use it as a guide but yours is spot on