Re: XARD - Simple Trend Following Trading System

#9161
gostego wrote:
Tue Oct 19, 2021 4:44 am
What do you think about moving this topic to the the Private Vault section?
Few people=best party
hmm i am not sure because if move it to private section this will cut off visitors who are not a actual member to dis site........... members all here can participate in the topic now.......... i feel it may be unfair for those not register up here THEN hundreds ppl will try join just 2 look at xard topic :sweat: :sweat: :sweat:
Contribution Inspector & GIF Animator at your service 👨‍⚖️


Re: XARD - Simple Trend Following Trading System

#9163
FourXXXX wrote:
Mon Oct 18, 2021 4:41 pm
Some of you may find this indicator useful that I have been working on. It is not based on Xard's rules, just on the ZZ.

Feel free to offer improvement suggestions.

I just realized the extension values will change once a new ZZ draws so I will need to add another set of levels.

It draws 2 lots of Fibonacci levels based on the ZZ swings. The first levels are standard Fibs for retracements. The second lot is extension levels based on the second last ZZ leg which are used for take profit.

The settings are correct for M5, if you want to use it on M15 change Extdepth to 36.

This video explains how the extensions levels are used.
Image
Thanks Gary!
That is a handy tool, if possible, could you get Banzai or Mr. Tools (should they have time), to make a button version of this great tool?
Thanks for your Take Profit indi, Golden Nugget indi and all your helpful suggestions and comments in this forum.
Kind regards
Aneek

Re: XARD - Simple Trend Following Trading System

#9164
FourXXXX wrote:
Mon Oct 18, 2021 4:41 pm
Some of you may find this indicator useful that I have been working on. It is not based on Xard's rules, just on the ZZ.

Feel free to offer improvement suggestions.

I just realized the extension values will change once a new ZZ draws so I will need to add another set of levels.

It draws 2 lots of Fibonacci levels based on the ZZ swings. The first levels are standard Fibs for retracements. The second lot is extension levels based on the second last ZZ leg which are used for take profit.

The settings are correct for M5, if you want to use it on M15 change Extdepth to 36.

This video explains how the extensions levels are used.
Image

With some input from Xard I have now got the indicator working as I expect. Still, if you find something not right please let me know.

There are now 3 sets of Fibs, first is your basic retracement of the last ZZ line, second is the extension on the current move away from the last ZZ line, third is showing extensions of the current ZZ Line. I had to add this as the extensions changed before on the new ZZ.

ExtDepth is correct out of the box on either M5 or M15 chart plus added the ability to turn off the lines if you don't want them.

The Green levels show where the current White ZZ line may end and possible take profit levels as shown in the video.
ZZ FIBO Plus Extensions V2.ex4
(62.79 KiB) Downloaded 302 times
"If you only knew the magnificence of the 3, 6 and 9, then you would have the key to the universe" Nikola Tesla

Re: XARD - Simple Trend Following Trading System

#9165
aneek229 wrote:
Tue Oct 19, 2021 8:03 am
Thanks Gary!
That is a handy tool, if possible, could you get Banzai or Mr. Tools (should they have time), to make a button version of this great tool?
Thanks for your Take Profit indi, Golden Nugget indi and all your helpful suggestions and comments in this forum.
Kind regards
Aneek
When I get time I will look at making it a button version, no need to bother other people.

Here is an example of a reaction at 61.8% on the Dax.
DAX61.8.png
"If you only knew the magnificence of the 3, 6 and 9, then you would have the key to the universe" Nikola Tesla


Re: XARD - Simple Trend Following Trading System

#9166
FourXXXX wrote:
Tue Oct 19, 2021 12:40 pm
When I get time I will look at making it a button version, no need to bother other people.

Here is an example of a reaction at 61.8% on the Dax.
Image
Thanks for sharing. I have now been able to understand how it works after watching the video and also the last chart of DAX30 you have posted.
Mundu


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