You need to work it out...and then trade it for some time going forward...but you need to decide what/how to use to build the zones...so that everyone who might follow the thread is looking at the same charts.
Cheers
CanuckCT
Cheers
CanuckCT
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DislikedSteve, with your suggestion about using the avg of the high and low for the "open" I created a new chart below for A/U. A/U because that's the pair I mainly trade. Looks good!Ignored
DislikedThanks Marc, I think so also. It picks up the underlying harmonics on all of the pairs I've used it on.
So, in the name objectivity, to get everyone on the same page with their values, and to resolve the coding issues-lets use the high, low, and average.Ignored
DislikedMight I suggest you update the first post with this information...and place a few templates there.
Cheers
CanuckCTIgnored
DislikedI only see two problems.
It erases the fibs if you place them manually when you switch time frames.
And its not placing the levels from the open to the low. I know thats a little more complicated, because you have a different schemes spatially from the open to the low, than from the open to the high.
Steve,
Based on your previous post regarding au where the diff between the open and low was twice that of between high and open, you suggested using 5th rank instead of 4 for below...Ignored
DislikedI am neutral at the current price -- I will sell at the red line above or buy on the red line belowIgnored
DislikedHi Steve
I made up this breakout pivots template from the new EUR haps template on post 1.
Looks great the old EURUSD template has the SD pivot zone above the red ATR line this past week, but this new template lines up the SD pivot zone nicely with the red ATR line on H1.
...............................................................
For the threads information this Breakout EA creates these lines on the chart
(red, 2 x yellow, green, blue) based on the weekly ATR. It was made up from Stevefx excellent well thought out system that works...Ignored
DislikedVersion 3 changes:
Removed H_Open
Calculations are based on 4th rank factoring between midpoint and two end points.
Only objects created by the indi would be managed by the indi.
Cheers
PatIgnored
DislikedCan you post the numbers you have for AUDUSD for entering into the indi with version 2 indi pleaseIgnored