fxlauk
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- Mar 5, 2009
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Ni highly accurate S/R, boleh lawan method magic number.. someone from indoinvestasi dpt break formula tu tapi, harap2 ada bijak pandai boleh buat indicatornya..
FMRL nie dari thread ni:
http://www.forexfactory.com/showthread.php?t=267607
Solution soundfx dari indoinvestasi:
Hi Guys,
I like puzzles lol, so had a look at this one in more depth.
I'm getting the numbers to be pretty close, though not exactly the same.
Level 0 as has been explained is shown by the dotted lines and is simply the open price at the start of a new week or month.
If you look at the differences between each of the other levels from that 0 level, you'll find that they're the same for - and + levels. Here's the differences for the + levels:
We'll call the difference X.
levels 0 -> 1 = X
levels 1 -> 2 = X
levels 2 -> 3 = Appears to be X * 1.6 (or very close to 1.6)
levels 3 -> 4 = X
I believe that the differences are based on the difference between the High and Low of the previous month's or week's candle, and if the Open price at the start of the new week/month ends up being a High or Low then that is used in the calculation.
Multiplying the (High-Low) difference by 0.274 appears to give reasonably accurate values of X which can then be used as above to calculate the levels.
These levels are supposedly created by mathematical calculations and have nothing to do with pivots, fibs, price action S/R etc.
I suspect that rather than using 1.6 as a constant for the level 3 and -3, we should probably be using 1.618 as this is connected to the golden mean/golden section etc.
0.274 as the start of some decimal constant seems vaguely familiar to me too, though I'm not sure what this could relate to. This is the key because it determines the first level and if those numbers are correct, then the rest should be easy to calculate. My levels could be slightly different to theirs because of broker price differences - it's hard to say.
Here are their level 1 values for the end of the first week in Jan:
EURUSD: 1.3048
GBPUSD: 1.5603
EURJPY: 108.11
USDJPY: 83.87
USDCHF: 0.9793
USDCAD: 0.9968
Here are mine:
EURUSD: 1.3042
GBPUSD: 1.5603
EURJPY: 108.11
USDJPY: 83.85
USDCHF: 0.9790
USDCAD: 0.9969
I hope this helps !
FMRL nie dari thread ni:
http://www.forexfactory.com/showthread.php?t=267607
Solution soundfx dari indoinvestasi:
Hi Guys,
I like puzzles lol, so had a look at this one in more depth.
I'm getting the numbers to be pretty close, though not exactly the same.
Level 0 as has been explained is shown by the dotted lines and is simply the open price at the start of a new week or month.
If you look at the differences between each of the other levels from that 0 level, you'll find that they're the same for - and + levels. Here's the differences for the + levels:
We'll call the difference X.
levels 0 -> 1 = X
levels 1 -> 2 = X
levels 2 -> 3 = Appears to be X * 1.6 (or very close to 1.6)
levels 3 -> 4 = X
I believe that the differences are based on the difference between the High and Low of the previous month's or week's candle, and if the Open price at the start of the new week/month ends up being a High or Low then that is used in the calculation.
Multiplying the (High-Low) difference by 0.274 appears to give reasonably accurate values of X which can then be used as above to calculate the levels.
These levels are supposedly created by mathematical calculations and have nothing to do with pivots, fibs, price action S/R etc.
I suspect that rather than using 1.6 as a constant for the level 3 and -3, we should probably be using 1.618 as this is connected to the golden mean/golden section etc.
0.274 as the start of some decimal constant seems vaguely familiar to me too, though I'm not sure what this could relate to. This is the key because it determines the first level and if those numbers are correct, then the rest should be easy to calculate. My levels could be slightly different to theirs because of broker price differences - it's hard to say.
Here are their level 1 values for the end of the first week in Jan:
EURUSD: 1.3048
GBPUSD: 1.5603
EURJPY: 108.11
USDJPY: 83.87
USDCHF: 0.9793
USDCAD: 0.9968
Here are mine:
EURUSD: 1.3042
GBPUSD: 1.5603
EURJPY: 108.11
USDJPY: 83.85
USDCHF: 0.9790
USDCAD: 0.9969
I hope this helps !
