Yes, if it is a transient zone that you're looking at. If it's a fractal zone, you check for that probability. Yes, it should, but not by much. The statistics is typically done over thousands of bars, so several tens of new bars would not make a big ...

The similarity system

Because people here, with few exceptions, tend not to release the source codes for their indicators. If they would, such bugs could in principle be found and fixed by other people. Since they do not, you need to rely on the coder alone to fix the ...

The similarity system

Hi, my hypothesis is that the similarity methods of this thread are designed to take advantage of the self-similarity (mathematical fractal, NOT related to the Bill Williams fractal) symmetry of the financial time series. I think that EURUSD is ...

The similarity system

Hi Josh, I think I roughly know what you're doing. The problem is that it is very tricky business to calculate absolute tops and bottoms. For example, this EURUSD bottom is a bottom on 1 minute time scale but also on the monthly scale, so the low TF ...

The similarity system

Actually, I would suggest completely the opposite conclusion for this money management strategy. After several losing trades in a row, this is certain to blow your account. It is easy to calculate what the probability of such catastrophic event is, ...

BO System? Here is "The Italian jOB"

V3 did arise as the answer to this question in particular. I guess it is still the second most important reason; the first is to allow the general estimate of probabilities vs time. k

The similarity system

Great job!

The similarity system

In addition, one can also bet against clearing a zone (i.e. trade in the opposite direction and place a stop loss at the zone) for which there is a low probability of clearing. k

The similarity system

Please note that, while this is true, it is unwise to bet with odds of something happening less than 50%. It is thus useful to calculate the probability that the zone will be taken within h_right1 (for example 12 hours after creation of zone) given ...

The similarity system

The 50% is a special case of above proposition, it does not exhaust all the possibilities.

Funny Looking Rectangles & Useless Drivel

Well, I could imagine the reason for the success of this approach is because, based on the certain initial (price) momentum exposed to out-of-equilibrium influence by an action of a strong short-lived force (demand) and a subsequent reaction by ...

Funny Looking Rectangles & Useless Drivel

Yes. k

The similarity system

Sorry, doesn't work with the Comment function. See the response to Baille. k

The similarity system

With all due respect, if you do not post the source, why would anybody believe that the probabilities are not generated by a pseudorandom generator? This even makes sense if one wants to just draw something on the screen (up until the next ...

The similarity system

MT4 does not allow the font of the Comment to change, and I use Comment because of so much text to show. This version is with all the info in an alert box. It might be annoying to use in the live trading, but you can see the probabilities and set up ...

The similarity system

As you could have easily verified in the provided source code, I used only non-zero values to calculate the <k>. k

The similarity system

Exactly!

The similarity system

Yes. k

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Hi Eurusdd, I separate the stats for potential transient (for example when the candle closes above the maximum of previous h_left bars) and potential fractal (candle closes below the max of previous h_left bars, even though the high of this bar was ...

The similarity system

You presumably need to compile it. I put the source code for everybody to be able to play with it, but for your convenience, I include a compiled version in the original post as well. k

The similarity system