System Messages

This forum is for members of the Apiary Investment Fund. To learn more about how to get involved, sign up now or fill out the form below and preview the training right now!

Is there a Naked Swings Indicator ?

 

Is there a Naked Swings Indicator ?

I'm trying to plot a horizontal line for each major swing high / low that has not been retested and hit.  Is there an indicator in Alveo for this?

Thu, 07/02/2015 - 6:01am
 
Robert G

Are you talking about marking off resistance and support zones? I don't think there's an indicator; I just use horizontal line tool to line them off.

 
luc

Yes. I've been doing it manually but it is so easy to miss and the software has a tendency to drop objects from view or not remember my custom settings. And if I need to regenerate the chart ( eg to load more bars ) , have to re-add the objects again since they are not part of the template.

 
vintnerster

The only software I know of that plots swing lines is part of Ira Epstein's proprietary Futures Academy suite. But they're not hard to plot by hand if you know the definitions. They're similar but not identical to Apiary Pivots. The Pivots indicator doesn't catch all the swings for some reason. SwLines are good for spotting Fibonacci and/or Elliott Wave patterns and thus for setting stops and targets on all time frames.

The attached plot of the EUR/USD D1 chart, for instance, shows a completed 5 wave impulse down, followed by a 61.8% upward retrace and the beginning of a multiple a-b-c correction series. Next swing prob. up to 1.12180.

EURUSD_D1 Swinglines Jul 3 2015.jpg
 
vintnerster

This revision takes in the important low of June 29 although the retrace measurement is the same.

Revised EURUSD_D1 Swinglines Jul 3 2015.jpg
 
hakchinoy

One approach, for generating the plots, is to adapt the pivots code discussed in Jeff's CATT series on indicator programming. Extract the major pivots, and write code to plot horizontal lines for every major pivot at the respective prices.

 
tonyqiu1971

hi,

you can use ZIgzag indictor, however, this indicator is same as other swing pivot, it will re-paint pivot point if there is new higher-high and lower-low

ZigZag_ch.png
 
luc

@hakchinoy, @tonyqiu1971 - It something like that I'm looking for. If it doesn't exist, fine. Maybe I'll try to write it, but probably not very soon. If I do and it works correctly, I'll share the code.

 
hakchinoy

Why reinvent the wheel? Jeff already provided a core, and he open-sourced that implementation. :-)

 
luc

Yes, that's what I mean... start with the existing pivots code and add a line at each pivot.... plus erase it after it is hit.