ffsss wrote: Sat Dec 17, 2022 8:42 am
Red and green dots on chart repaint right? They are zig zags and semaphore. So i use arrows to trade. I am trying now on demo for 30min timeframe.
Also i have a question about those arrows. Do they change depending on chart timeframe? For example if attached to 5m chart it will give different signals than 30 min chart? Does it refresh at the close of previous bar?
Arrows do not relate to "time frames" at all but to the price sequences that the market offers. Consider that "time frames" are superficial impositions in that, they are time constrained views or windows of a single price point bounced about some common but bounded space for the entire market. So when you view in 5 minutes how far a point has travelled in terms of that window, you simply are viewing in granular detail the same point moving up in H1, D1 and or MN. We do not have 9 different price points because we have 9 "time frames," we have just a single point (the singularity). So if price is moving up it is doing so at the same time across all "time frames" because there is only one sequence allowed by the market at a time and it is either going up or down and not 9 different sequences. The range of a sequence does not depend on "time frames" but on the transactions driving it. This is one reason why Orbit reports the sequences such that it is irrelevant the time window you use.
Importantly, and again, Orbit reports sequences in this way because the market allows only a single sequence at any one time and because Orbit times the begin and end of this sequence correctly, when arrows point up or down they do so for that single sequence so you can make as much money as the market offers for that sequence. That direction it points is true across all "time frames" at the same time. Because of course these market sequences are differently fractured (more or less granular) depending on which window you view them we suggest some average window for viewing them such as H1 so you can exploit a sequence to ifs fullest - e.g. looking at the same sequence in M5 gives you an impression that some "trend" has ended causing you may be to enter an opposite trade and then quickly getting whipsawed because if viewed in say H1 you would see that in the "trend" just started and you should have relaxed to collect 1k points rather than lose 200 or more points. I hope I make sense. Orbit presents the market as it works and on a factual basis it is an equation driving an oscillator model of the market and is best understood as such to gain from such accuracy as underpins its readings.
And, I have explained above (in response to another post) how you can scale this viewing of movement to some average resolution useful to trading the fractured sequences available. Please look at my response before this. To summarise, the one week candle has 7200 minutes of transactions in it and these accumulate every minute per day to define it so. The 1 minute "time frame" is merely way more fractured than the one week but it is the 1 minute price action that accumulates in a week to define a one week bar. All you need is a) where is the average pivot at a low? When does the sign for that average change to green (i.e. the Orbit Spot arrow), so that is what gives you accurate trades and the timing of the change in direction of the average pivot which we have said is best read in H1. But do not forget that depending on direction, when that stop was at a low it was at a low everywhere across the feed and has its match across the entire feed from M1 to MN (i.e. pivots are nested and reduce to a single base and are the same regardless of "time frame" since frames provide no additional information to the fact of a pivot. It is simply a question of in what window to read stops best and therefore to act on such information to win. Stops (pivots, semaphores, etc) reduce to the same exact point across the entire 9 "frames" (the market is a nested system of pivots and when we do not understand this or cannot visualize its meaning we make costly mistakes).
(-_-)
