QScript Library

conduct thru trades on chaos principle

Author: Christoph Meissner Contact: Information not Provided	Download this Script
Posting Date: 11/25/2008	Download Count: 720
Category: Indicator	Rating: (5 votes) Click here to Rate this Script

Summary:
This is one of my favourite scripts
which I use to ride the market.
It draws a fat line on the bottom of the chart.
It's colors lead me to consider only long trade when it is blue
and short trades only when it is red.

No input parameters possible.

The algorithm considers time and, very important, noise.

Thus it will need intraday data and will not work in charts with less than 50 bars per day.

Be aware that chaos isn't predictable.

User Comments:
2/24/2009 12:58:08 AM
Peter Sugiono	Hi Christoph, After installing the latest W59 update, your Conduct by chaos indicator on my Daily Charts stop displaying the Blue/Red bar. It won't display anything on the Daily chart. On my intraday chart the indicator seems to works as usual but then I start to get memory overwrite error messages. After I removed the indicator the memory overwrite messages dissapeared. I have asked Earik about the problem because at first i suspected it was a data feed problem with eSignal, but Earik said that he did not do anything with the eSignal module of W59. Allthought he mentioned that he made some Qscript fixes. He asked me to contact you for help. I appreciate it very much if you could help by looking into this bug. I like this indicator very much and it has helped me a lot in spotting long term cycle. Best Regards etrader P.S. My PC setup: Dual core CPU Latest Window Vista eSignal data feed
3/11/2009 3:35:44 PM
Hermann Tammen	3/11/09 I did download the file. After Transfer it does not show up under Technical?? Thanks Hermann
3/17/2009 2:41:43 AM
Christoph Meissner	@ etrader Please don't use this indicator on charts with less than 50 bars per day. The algorithm is shaped to consider unexpected noise. Too few bars would reduce noise far too much. Please let me know if the memory violation still appears. @ Hermann Is your PC running on Vista or on XP? On Vista please try to start the Transfer Manager with Administrator privileges instead of normal user privileges. Hope I could help.
12/4/2010 3:53:04 PM
Joao Celso Carvalho de Araujo	Hi Christoph, the file is corrupted. Other scripts are working. I edited this file and it is clearly corrupted. Please upload the file again. It seems to be a good indicator. Kind Regards, João
12/15/2010 8:34:26 AM
Christoph Meissner	Hi Joao, just tested to download and transfer the file to W59. Everything is ok. The script itself is crypted. You will not be able to read it like an uncrypted script. Anyway, W59 will.
4/10/2012 5:09:36 PM
Greg McAdam	I have loaded this indicator on 1 min FOREX data and get this error ERROR: in ultramom, line 20 Tried to reference a variable farther back than reference bars setting allowed. (Go Format->Indicator->Properties to change) I have played with the reference bars number and get the error regardless. Any advice? Thanks Greg
11/28/2016 1:22:28 AM
GANGESH KUMAR	ERROR: in ultramom, line 20 Tried to reference a variable farther back than reference bars setting allowed. (Go Format->Indicator->Properties to change)