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Thread: AMP indicator - bugs & improvements

  1. #1
    Wizard
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    AMP indicator - bugs & improvements

    AMP indicator, the harmonic pattern recognition engine for the AMPmonitor. You may post your observations and suggestions here.

  2. #2
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    Hi kor, do you think that would be possible and useful to enlight the best entry zone for each pattern? for example, in the video that ziemo posted, "gartley VS bat" it is said that for bat pattern the best entry point is .88 fib retracement, in AMP monitor would be useful to enlight that fib level when a bat pattern is completed? and so on with butterfly, gartley etc... Or is the ideal entry zone too variable?

  3. #3
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    Guys it's just me or amp isnt spotting any pattern on aud/usd since too long? i havent see any pattern on that cross in 2 - 3 weeks... pretty strange, there is some limitation on the currencies?

  4. #4
    Wizard
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    changes/fixes in the AMP indicator -> Amp

  5. #5
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    AMP indicator - bugs & improvements-amp.jpg
    I just have the trial version but I noticed in the details section that the fibs seem wrong. For example the B point for this bat is actually at 38.2%. It has it listed as 61.8(58.1).

  6. #6
    Wizard
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    @ldborden: thanks for spotting it, yes, it was a bug. Now fixed and will be applied on AMPmonitor production server with the next release.

  7. #7
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    Great. So far I like everything about this Amp monitor much better than the mt4 indicators.

  8. #8
    Wizard
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    same for me, same for me, ldborden :-)
    - monitoring and alarms on so many instruments and timeframes on time.
    - allows to keep the trading chart clean for further analysis.
    - does not slow down your MT4

    .. but much more is going to come soon and we at TradingArsenal team have huge trust in it :-)

  9. #9
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    Hi kor, this morning an emerging pattern was formed on GBPJPY, the price entered in prz but pattern did not move to completed pattern, it has disappeared some times later, the same pattern was spotted by Korharm. and it's a good 70 pips running

    Here's a pic of AMP


    Here's a pic of completed pattern Korharm.

  10. #10
    Wizard
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    FYI:
    Here is an example of calendar file we collect from forex factory forum on a weekly basis (http://www.forexfactory.com/calendar.php):

    08-04-2012;All Day;NZD;Non-Economic;Bank Holiday
    08-04-2012;All Day;AUD;Non-Economic;Bank Holiday
    08-04-2012;7:50pm;JPY;High Impact Expected;Current Account
    08-04-2012;9:30pm;CNY;High Impact Expected;CPI y/y
    08-04-2012;9:30pm;CNY;Medium Impact Expected;PPI y/y
    09-04-2012;1:00am;JPY;Low Impact Expected;Economy Watchers Sentiment

    Looking for ideas/suggestions regarding visualization of this information in AMPmonitor.
    - on the chart? as single line? or as vertical rectangle starting 15 mins before the news and lasting 15 mins after the news?
    - on the chart, but just as description in the corner?
    - not on the chart, but somewhere in AMPmonitor?

    You have 2 days to present your ideas :-)
    Cheers and thanks,
    kor4x

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