Chart Patterns

This is a discussion on Chart Patterns within the Swing & Position Trading forums, part of the Methods category; toppy looking chart here. possible h & s top. the sector index(gray line) is leading the way down, earnings date ...

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Old Jan 29, 2018, 12:29am   #49
 
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toppy looking chart here. possible h & s top. the sector index(gray line) is leading the way down, earnings date on february 5th.

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Old Jan 29, 2018, 9:41am   #50
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. . . I have also (maybe to my detriment) avoided looking at other p&f software since I started, aside from of course a few of the charts dentist & moneylender have posted in the p&f thread - mainly because I didn't want my software to be influenced by any potential 'competition' should I ever try to monetise it. . .
Hi f2calv,
In the event that you decide to go down this path, I recommend coding it for MT4. There's really not much out there: Moneylender's charts are about the best there is and they're far from ideal. If you get it right and don't take the pi$$ by charging too much, you could have traders the world over beating a path to your door.

By way of example, this chap does a good job for Renko on various platforms, including MT4, but he doesn't offer PnF. A good website, fair price and good service/support: AZ-iVEST.
Tim.
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Old Jan 29, 2018, 1:54pm   #51
 
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Hi f2calv,
In the event that you decide to go down this path, I recommend coding it for MT4. There's really not much out there: Moneylender's charts are about the best there is and they're far from ideal. If you get it right and don't take the pi$$ by charging too much, you could have traders the world over beating a path to your door.

By way of example, this chap does a good job for Renko on various platforms, including MT4, but he doesn't offer PnF. A good website, fair price and good service/support: AZ-iVEST.
Tim.
Tim -another one for you.

https://ovo.cz/
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....Indicators show the past. Price Action "Indicates" the future.
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Old Jan 29, 2018, 3:36pm   #52
 
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Tim -another one for you.

https://ovo.cz/
The Indicators saying "Indicators show the Past" is true. But, they will also play a part in the "Prediction" of a possible price movement.

ie: An Indicator, an MACD for instance, in Price in a "Down Trend" will usually stay negative. However, when the downtrend weakens the MACD will, most of the time, start to "Diverge" from the price. That's the "Predictive" nature of a lot of indicators.
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Old Jan 29, 2018, 7:53pm   #53
 
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The Indicators saying "Indicators show the Past" is true. But, they will also play a part in the "Prediction" of a possible price movement.

ie: An Indicator, an MACD for instance, in Price in a "Down Trend" will usually stay negative. However, when the downtrend weakens the MACD will, most of the time, start to "Diverge" from the price. That's the "Predictive" nature of a lot of indicators.
i've always felt momentum indicators follow price, and can be lagging. a better indicator showing technical strength would be one comprised of tick volume. sometimes, on index etf's, i use tick volume with moving averages attached to make a mcclellan indicator.
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Old Feb 2, 2018, 3:49pm   #54
 
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looking like bombs away in the nasdaq.


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Old Feb 2, 2018, 5:58pm   #55
 
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toppy looking chart here. possible h & s top. the sector index(gray line) is leading the way down, earnings date on february 5th.

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triggered, target met, and profits taken.

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