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  1. #1

    Aroon indicator -the x pattern to be used with best optimised number of pds

    Hi friends
    Most indicators work on price versus time.
    ALMOST ALL INDICATORS YOU SEE SHOW YOU WHAT PRICE WILL DO AS TIME PASSES.
    This is conventional way.

    Aroon indicator by TUSHAR CHANDE
    works on time versus price.
    This is unconventional way.

    we can find at what time at what date uptrend will begin or downtrend will begin or each will end.
    ---------------------------------------------------------------------------------------------------------------------------------------------
    Technical indicators, and oscillators in particular, measure the behavior of pricerelative to time.
    For example, the Rate of change oscillator calculates the percentage change in price over a set period.
    That said, now consider an indicator that reverses the roles of price to time and it measures the passage of time relative to price.
    ---------------------------------------------------------------------------------
    On daily charts the x pattern seems to work great.
    The x pattern on stocks with F SCORE of 8 or more
    is excellent.
    x pattern formula is consists of two line a green upline and a red down line.
    FORCE OF MOMENTUM =GREEN LINE
    FORCE OF GRAVITY= RED LINE
    WHEN MOMENTUM IS VERY HIGH IT OVERPOWERS GRAVITY.
    WHEN MOMENTUM GETS WEAK, GRAVITY OVER POWERS AND PRICE BULLET FALLS DOWN.

    Greenlne =100* (number of periods - number of periods since highest high)/ number of periods
    Redline = 100*(number of periods -number of periods since lowest low)/number of periods

    in one equation there are two number of periods
    number of periods=overal time lookback
    no of pds since lowest low is different from above

    Keith fitzerald seems to have found the best values for number of periods as well as second figure.

    The look back time periods and periods since highest high or since lowest low are not same.
    but once we know how to get right values,we can invest in longer time periods for max returns.
    if anybody has info please share
    it can be used on futures or options or currency in short time periods above 30minutes.

    Think about it.
    [Only registered and activated users can see links. ]

    [Only registered and activated users can see links. ]
    Attached Images Attached Images
    Last edited by rvlvvel; 07-01-2017 at 07:44 PM.

  2. #2
    Gentlemen

    It shows up on stockgumshoe that a number of traders bought keith fitzeralds x pattern thing and his advice to buy stocks-then made no profit but huge losses.
    Money morning is a sales pitch and X Pattern propaganda by incompetent trader cum excellent selling skill-sales MAN.
    [Only registered and activated users can see links. ]
    The problem is not in the indicator but the way traders try to misuse or false interpret it.

    I found two useful things in the search
    here is advice on Keith Fitzgerald’s ” High Velocity Profits that he is pushing in MoneyMap Press.
    A big BS.

    One trader said- "I suckered for “High Velocity Profits” as well. It should be renamed “High Velocity Losses.”
    MY FINDINGS
    1.YOU CAN use Aroon indicator with setting of 50 and formula fine tuned by mtuppers on forex-tsd
    [Only registered and activated users can see links. ]
    [Only registered and activated users can see links. ]
    2.YOU CAN use a 63ema filter to qualify buy sell signals
    The best way to filter out false signals from Aroon indicator is to use 63-days Exponential Moving Average (EMA) indicator.
    3.The credit goes to Mark Ursell for proving things really work.please watch. he uses a 200ema filter.
    (actually we can use a 50ema filter also.along with PET-D colorbars).
    [Only registered and activated users can see links. ]
    Now, if the price is trading above 63-days EMA AND there is a buy signal from Aroon indicator – take long position and vice-versa.
    On the other hand, if you get buy signal from Aroon indicator but the price is trading below 63-days EMA, do not take that call. It’s a false signal.”
    [Only registered and activated users can see links. ]
    You can combine aroon with ADX TO FILTER BETTER SIGNALS.when adx >25, with Aroon green above red line we have good buy signal.As per FXCONNECTION, this works.
    [Only registered and activated users can see links. ]
    Attached Images Attached Images
    Last edited by rvlvvel; 08-01-2017 at 10:41 AM.

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