One More Holy Grail

The meaning of some of those indicators is the following:

• many traders are looking for top and bottom (to sell on the top and to buy on the bottom)
• other traders are talking that bottom does not exist: it is necessary to buy at high and sell at highest
• some traders told that this top/bottom concept may work for stock market but it does not work in forex

So ... some of those indicators are looking for top and bottom ... but we may see the other bottom after one bottom ... next bottom ...and the traders are talking that indicators are repainting ... but in reality - it is next bottom/top is coming ...

Some traders are using those indicators.

Hi,

Please take a look at 2 ExFit oscillators: ExFit Stochastic and ExFit Fisher.

Code:

extern int     Length         =  25;   //Period of Smoothing
extern int     Order          =   2;   //Fitting Order
extern double  WeightFactor   =   2;   //WeightFactor(eg. 2-EMA,1-Wilder) 
extern double  OverSold       =  30;   //OverSold Level
extern double  OverBought     =  70;   //OverBought Level
extern int     Window         = 500;   //Window size in bars

Attachment 5254

Regards,
Igor

There are two articles related to Holy Grail in trading :

• The Holy Grail of Trading, and
• Risk Profile

The author (Kenneth Mann) understands Holy Grail in trading as Money Management, Risk Management, Trade Management, Order Management and so on which may be illustrated by the following images :

Originally Posted by igorad

Hi,

Please take a look at 2 ExFit oscillators: ExFit Stochastic and ExFit Fisher.

Code:

extern int     Length         =  25;   //Period of Smoothing
extern int     Order          =   2;   //Fitting Order
extern double  WeightFactor   =   2;   //WeightFactor(eg. 2-EMA,1-Wilder) 
extern double  OverSold       =  30;   //OverSold Level
extern double  OverBought     =  70;   //OverBought Level
extern int     Window         = 500;   //Window size in bars

Attachment 5254

Regards,
Igor

Hi Igor,

In your chart pic you show exfit stoch with parameters at (4,14,1)... yet I cannot recreate that with the exfit stoch indi you shared... What am I missing?

Thanks

TCT

Originally Posted by TCT

Hi Igor,

In your chart pic you show exfit stoch with parameters at (4,14,1)... yet I cannot recreate that with the exfit stoch indi you shared... What am I missing?

Thanks

TCT

Hi TCT,

I suppose you can use Length = 14 and Order = 1, other parameters are default.

Regards,
Igor

Originally Posted by igorad

Hi TCT,

I suppose you can use Length = 14 and Order = 1, other parameters are default.

Regards,
Igor

Hi Igor, Plz look at red arrow in subgraph... my parameters show (14,1)... your parameters show (4,14,1)... what is the "4"?

Originally Posted by TCT

Hi Igor, Plz look at red arrow in subgraph... my parameters show (14,1)... your parameters show (4,14,1)... what is the "4"?

I think it was the Price=4 in the previous version.

Originally Posted by igorad

I think it was the Price=4 in the previous version.

Igor

I didn't find previous version, would you please point out where is that indicator located ?

Thanks
secretcode

Originally Posted by secretcode

Igor

I didn't find previous version, would you please point out where is that indicator located ?

Thanks
secretcode

Hi secretcode,

Sorry but it was a very preliminary version of the ExFit Stoch.

Regards,
Igor

Originally Posted by igorad

Hi secretcode,

Sorry but it was a very preliminary version of the ExFit Stoch.

Regards,
Igor

Thanks Igor for reply

Best Regards
secretcode