The Ultimate Frank Ochoa Trading Setup by Yesu
This trading set up will show the Frank Ochoa's 4 reversal candles with the 'RSI and volume filters' along with the necessary pivots. You will be able to select the RSI and volume filters individually for all the 4 setups. It will also show the colored RSI candle when the RSI conditions met. You can also set the Initial Balance based on your preference. Lot more features that you can explore. A must have for pivot traders. This is the trading set up which I am using from the past 15 months
릴리즈 노트:
This trading set up will show the 4 reversal candles along with the CPR, Money Zone Pivots, Camarilla Pivots, ATR, Candle body strength indication, 5 Fibo EMA lines, Colored RSI candles (Here I tried to use the RSI as a momentum indicator rather than its traditional use) and you can also set the Initial Balance as per your preference . You will be able to select the volume filters individually for all the 4 Reversal Candle stick setups. Tried to include the Candle body strength indication based on the average of the previous bars. This will also show next day CPR, Camarilla and prior days range for you next day trade plan. Made some minor changes as per some of the comments received. Tried to replicate the teachings of Frank Ochoa.
릴리즈 노트:
Updated Outside Reversal set up to show signal only if the candle body ratio is above 40% and The IInd candle of the Extreme reversal is also deflated to min 40% body to candle ratio to improve the accuracy of the signals.
Based on few messages received, included all Time Frame pivots for all the setups to help all TF participants. Mentioned below is the TF that I use
For Monthly Piv - 2HRS/3HRS TF
For Weekly Piv - 30MIN/45MIN TF
For Yearly - No choice, its weekly.
The candle body strength indication shows signal based on the strength of the candle body and the average size of the previous bars. Users will be able to select any where between 60% to 100 % and bar backs from 1 to 100, The bar backs are defaulted to 8, that means it will show the signal only when the candle body is bigger than the average body side of the previous 8 bars.
Based on few messages received, included all Time Frame pivots for all the setups to help all TF participants. Mentioned below is the TF that I use
For Monthly Piv - 2HRS/3HRS TF
For Weekly Piv - 30MIN/45MIN TF
For Yearly - No choice, its weekly.
The candle body strength indication shows signal based on the strength of the candle body and the average size of the previous bars. Users will be able to select any where between 60% to 100 % and bar backs from 1 to 100, The bar backs are defaulted to 8, that means it will show the signal only when the candle body is bigger than the average body side of the previous 8 bars.
릴리즈 노트:
a) Fixed the issues related to lower time frame plotting of lines, now you can plot this indicator in any TF (inc 1 minute) and in any Market.
b) Added indication to show the candle midpoint, of course you can enable and disable this. How ever to display the mid-point dots, you will have to either :- 1) Right click on the Candle - Select 'Visual Order - click on Send to back, or 2) Click on the 3 dots at the end of the Indicator -select Visual Order - Click Bring to Front
c) Added option to Enable or disable the next day CPR/Cam and Prior Range.
b) Added indication to show the candle midpoint, of course you can enable and disable this. How ever to display the mid-point dots, you will have to either :- 1) Right click on the Candle - Select 'Visual Order - click on Send to back, or 2) Click on the 3 dots at the end of the Indicator -select Visual Order - Click Bring to Front
c) Added option to Enable or disable the next day CPR/Cam and Prior Range.
릴리즈 노트:
Added back VWAP and MVWAP , included developing CPR, provided volume filter for the candle strength (wide rage candle with long body) indication. Made some minor scrubbing/clean up in the code like shortening the title as per some of the comments.
릴리즈 노트:
Rectified one of the flaws..Thanks @ Crypto_scalper.
릴리즈 노트:
> Fixed the issue with respect to PDHL option, which was also plotting current day high. Thanks to Aravind for pointing this out.
> Based on some of the messages received, Included option to switch off and On the entire CPR + Floor Pivots and Camarilla Pivots in a single click. Will be helpful for those who toggle between MZ, CPR & Cam. You don't have to go and disable the lines one by one.
> As requested by few, added H4 & L4 levels in next day Cam, changed the Enable/Disable options in line with others options instead of listing down, so that you don't have to do a scroll down for the frequently used options and changed color combinations of the pivots for the easy identification of levels, you can anyways change the colors as per your preference :)
> Based on some of the messages received, Included option to switch off and On the entire CPR + Floor Pivots and Camarilla Pivots in a single click. Will be helpful for those who toggle between MZ, CPR & Cam. You don't have to go and disable the lines one by one.
> As requested by few, added H4 & L4 levels in next day Cam, changed the Enable/Disable options in line with others options instead of listing down, so that you don't have to do a scroll down for the frequently used options and changed color combinations of the pivots for the easy identification of levels, you can anyways change the colors as per your preference :)
릴리즈 노트:
Included VPOC (Volume Point of Control) to identify where most of the volume traded during the day.
릴리즈 노트:
Based on few messages, Extended the VPOC line from the previous day to the current day. AT the same time included an incognito mode to switch of the previous days pivots and signals. Meaning it will only show the current day pivots & signals once you switch on the Incognito mode. VPOC will be be displayed for two day (id intentionally), as we are extending the VPOC from previous day.
릴리즈 노트:
Did minor modification to show the weekly, monthly and yearly pivots in the daily TF whit out switching off the incognito mode. Thanks @atifhussain,
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Added an option to show the unfilled Gap boarders in the chart TF that we are using. These boarder lines are dynamic in nature, means it will show the gaps until the gaps are filled completely. The gap lines are limited to the next day, so that it will be in line with the next day pivots and looks neat to me. Any suggestions please let me know via comments. If you don't want to use you have to option to enable and disable.
릴리즈 노트:
Fixed issue with respect to Money Zone levels not plotting from the 1st candle and included the next day Money zone levels as requested by few. Added back ATR as per some of the requests received. Removed Gap borders which was added on experimental basis, as it doesn't seems much useful at the current settings, as suggested by few working on the logic to show the gaps only in the daily TF. Also removed candle mid points due to unavailability of plots.
릴리즈 노트:
Added option to show the 50% 100% & 150% extension of the Initial balance and included and option to show the Previous day close. Thanks to K Praveen for the input. Also added pivot length to the Boring candle so that it will show the signal, only of it is above or below the pivot length set by the user. You can disable this option by setting the pivot length to 0
릴리즈 노트:
Bug Fix - Fixed issue with respect to Volume Histogram plotting like rectangular lines in index charts, now it will not show VPOC in indices.
릴리즈 노트:
Added back candle mid point
릴리즈 노트:
Noticed some of the comments mentioning about the indicator not plotting in the Daily TF. Introduced a workaround for this issue. It is something to do with the Initial Balance Option integrated to this indicator, IF YOU ARE USING THIS INDICATOR FOR ANALYSIS IN THE DAILY TF, PLEASE CHANGE THE IB SESSION TO ANY TIME BEYOND 9:30 , ELSE THE INDICATOR WILL NOT WORK IN DAILY TF - I don't have a fix for this issue as of now, if anybody know please comment or message.