D.R.&Quinch
Sergeant
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Im sure thats it dude nice one thankyou for pointing out the obvious that i totally missed!
Mag
Mag
Thanks Sive as Ever;
Every now and thne the MACD predictor gets discussed and the fact that it's not available for Metatrader. Well I decided to script one myself. I don't know if it's the same algorithm as the Dinapoli one but it based on the premise that it's displays the price that the market would need to hit on the next bar for the exponential MACD to cross and the attached plot looks pretty similar to ones Sive has posted. I'm happy to share it if I'm allowed?
AsstModerator Note: Regarding the MACD indicator that Sive uses...
That version of MACD is based directly and exclusively on the work of Joe DiNapoli. Sive bought the book, took the courses, and had the algorithm written into a custom indicator that he personally uses. Anyone who has a legal copy of a book or course describing a custom indicator could do this.
As I understand copyright law, creating a derivative work like this for your own use is OK. Selling or even giving it away to others without permission of the original author is not OK.
Squidge, if your indicator was derived from a freely available source and not from DiNapoli's work, then you can share it if you like. Please do give it a different name from DiNapoli's and let people know that it won't work exactly the same.
Hello Mr. Morten!
The situation on GBP is interesting.
1. Do you think this is a good Butterfly to trade?
2. Would you prefer to see more confirmation or would you sell from the 161.8 expansion?
Thank you!
Also it was DRPO sell .. .i want to learn from my mistake . Good thrust above 3x3 .close below new highs close below 3x3 enter with shallow retracement.hit stoploss but .. i want to know is that LAL or DRPO sell .. just wanna learn from my mistake.
You should consider that the first top is the end of the thrust, as you marked it on the chart, and the second top is the top of the significant bearish bar, the 15th to the right.
I would not trade this situation as DRPO, mostly because of too much consolidation between the tops. It shouldnt be more than 7 bars. Also, I would take into consideration that the thrust is from the very bottom and it has some closes below 3x3, so it is a DRPO lol.
As I understand it, DRPO is a fast pattern, because the price movement is triggerd by the stops placed along the way. You should keep this in mind and try to understand the price action that you are looking at.
Thanks for you reply.thats what i need for my trading diary. thanks so informative
You should consider that the first top is the end of the thrust, as you marked it on the chart, and the second top is the top of the significant bearish bar, the 15th to the right.
I would not trade this situation as DRPO, mostly because of too much consolidation between the tops. It shouldnt be more than 7 bars. Also, I would take into consideration that the thrust is from the very bottom and it has some closes below 3x3, so it is a DRPO lol.
As I understand it, DRPO is a fast pattern, because the price movement is triggerd by the stops placed along the way. You should keep this in mind and try to understand the price action that you are looking at.