measuring waves in the currency market
hi Marcus,
i think i came up with a better way to think of the algroithm
if active row high greater than old high then active row becomes new high
or if ((new high - active row low) < -.0033) then subtract newhigh from the
trough before it.
after that
if active row low lesser than newtrough then active row becomes newlow
or if ((activerowhigh - newlow) .0033) then subtract newlow from the
newhigh before it.
i hope that helps. just remember we can never know the peak or trough of a
wave until the price travels higher or lower than 33 pips.
"marcus" wrote:
Hi Kyle
Thanks for the reply. The way I have set this up is if the Peak is
greater than 33 points from the starting point SP, then do something.
In the examples you have highlighted the pips are not in this 33 point
zone so nothing is done. Row 78 has a 27 point spread so nodda
happens.
Sounds like what you want is every time there is a newtroph this
becomes the new SP. Then when the spread is greater than 33 points
from NewPeak to newSP then do something.
Is this correct?
Take care
Marcus
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