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Inside the bar...
What's a bar? What's in it that needs to be explored? For example, an hourly bar. It's just a 60 minute bar.
The hour bar is notable only because its start time is the same for all traders. But note: you could theoretically shift the start time of the hour bar by half a period and the bars would look very different, in spite of the fact that the tick history would be completely preserved.
What can be squeezed out of a bar at all?
For example, we can try to determine the characteristic ultra-low frequency of price movements during a period (for example, a day or a week), but then most likely it will appear that the length of one wave of oscillations does not coincide with any bar period (for example, the period will appear as 27 min, 43 minutes or 2,5 hours).
I think a bar is only useful in that it allows you to observe the market on a given scale. Just to look at and get a general idea.
If anything is to be discussed, first of all - the idea itself, and not on the basis of indicators (which already have some idea in them), but on the basis of logical reasoning and common sense. If you find the idea and intuitively understand that it can work, then select (or make) indicators, filters, etc. for it.
Can you imagine MTS without indicators and filters? And you think that nothing happens inside a bar? Minutes?
I think the bar is only useful in that it allows you to observe the market at a given scale. Just to watch and get a general idea.
Why do you think that the timeframe from which you are most comfortable observing the market allows you to actually observe it?
Inside the bar...
What's a bar? What's in it that needs to be explored? For example, an hourly bar. It's just a 60 minute bar.
The hour bar is notable only because its start time is the same for all traders. But note: you could theoretically shift the start time of the hour bar by half a period and the bars would look very different, in spite of the fact that the tick history would be completely preserved.
What can be squeezed out of a bar at all?
For example, we can try to determine the characteristic ultra-low frequency of price movements during a period (for example, a day or a week), but then most likely it will appear that the length of one wave of oscillations does not coincide with any bar period (for example, the period will appear as 27 min, 43 minutes or 2,5 hours).
I think a bar is only useful in that it allows you to observe the market on a given scale. Just to look at and get a general idea.
There is nothing else about the indicator, at least here:Acceleration/Deceleration.
I want to know the opinion of traders who have been using this indicator for a long time.
I have made a dull arrow, maybe some inexperienced traders (in case they have looked through it) will understand what I'm talking about.
I have removed unnecessary arrows, but there are still a lot of signals.
If anything is to be discussed, first of all - the idea itself, and not on the basis of indicators (which already have some idea in them), but on the basis of logical reasoning and common sense. If you find the idea and intuitively understand that it can work, then select (or make) indicators, filters, etc. for it.
Also not bad. Any suggestions?
Personally, I see AO and AC as indicators that can indicate an undesirable entry, i.e. you can't go there, but the signal to enter by them is really "worthless". I do not insist on AC and AO, I want everyone to suggest their own ideas, not without proof of course. And in general I was just driving along and thought: I should first make an analysis based on intra-bar movement statistics for large periods, which I will do now.
Yep, then AO is a good filter, ready to keep out when it shouldn't.
I daresay there is movement within a large bar and it is no different from movement within a small bar. Tell me, what do you specifically expect from the statistics? What hypothesis? Maybe someone already knows the answer to what you are looking for.
Inside the bar...
What's a bar? What's in it that needs to be explored? For example, an hourly bar. It's just a 60 minute bar.
The hour bar is notable only because its start time is the same for all traders. But note: you could theoretically shift the start time of the hour bar by half a period and the bars would look very different, despite the fact that the tick history would be completely preserved.
.....
I think the bar is only useful in that it allows you to observe the market at a given scale. Just to look at and get a general idea.
And one more thing. MQL4, MT4 and its history tester not only provide an opportunity to build your own strategies and check them on the real market, but also debunk many popular, advertising and even classical illusions and misconceptions, common to people who see (or show by example) a small piece of history. The tester sees the whole story and immediately presents us with a lot of examples where our rule does not work, but leads to the exact opposite results. In other words, scientifically speaking, there is no correlation between our hypothesis and the real market behavior. This is also confirmed by the statements above in this thread.
Why do you think that the timeframe from which you are most comfortable observing the market allows you to actually observe it?
Can't you imagine MTS without indicators and filters? And you think nothing happens inside a bar? Minutes?
It's like in the joke:
- You think badly of me!
- I don't think of you at all.
As for me personally, I use all TFs for analysis. The question was not about what is convenient or not, but about the fact that in my perception a bar is an entity that makes no practical sense to analyse. Both oscillation time and duration of bars are based on developers' will and, in terms of physics, the absolute values of these characteristics are useless.
I can imagine MTS without indicators and filters. It's not about filters, indicators, libraries, Expert Advisors.
At the root of any technology must be the underlying idea. Until there is no idea, it is silly to discuss technical means (for its implementation). When an idea appears, depending on the requirements of the idea: if we need an indicator - use (or create) the indicator, if we need a filter (a library, functions, DLL) - create the filter.
-------------------
A little bit about ideas.
The market is a complicated phenomenon. Much more complicated than many people think.
I'm sure when speaking about indicators we can find only partial solutions for a narrow range of elementary tasks.
If we are talking about creation of MTS, then at least it is necessary to process large amounts of information.
I will hardly be able to participate in this discussion.
I have only one idea of my own (which, by the way, doesn't use built-in indicators), and I still have some work to do.
And I don't have a ready (not so much a solution, but even) suggestion.
I've been in the market since 2002. During this time I've written hundreds of different Expert Advisors and indicators in MQL2. However, I have only one written here, and it's a semi-intuitive one based on empirical formulas. The rest of them are not worth any attention. I do not want to criticize anyone.
I can still tell you what not to do.
Why? Just because it's all been done before.
What you should do... - I'd love to hear something meaningful.