@bb55, distribution already started on 10/11. Look at from top Red/Blue/Green/Brown. Also look at 3/9 and 31/7.

Normally, double top, 80% of the time, down.

Another round of up is to watch for accumulation.
Cheers. ;)

Noraini Ismail, I wanted to go there but with on going project, not share market, need to postpone till next year July/15. Enjoy life with your family first. Share market can wait. Cheers and good night.

@Noraini Ismail, enjoy your holiday. Cheers.

@ozzie75, look at the "Elliot wave signal", the heart beat. Also the oscillator below it. Compare it vertically. Whenever the heart beat down=V, it really means down. When /\, I don't have to explain ;) Cheers and good night.

I will wait for the accumulation to start. Now is the distribution time.

ozzie75, updated again http://klse.i3investor.com/blogs/nomanland/65231.jsp
look at the bottom chart. Hope you can see it.

ozzie75, updated http://klse.i3investor.com/blogs/nomanland/65231.jsp
observe the FVE's color and please draw some trend line...

hope you didn't got stuck up there!

thou shall not be greedy. Greed will murder the profit. ;)

Me, already sold earlier. ;)

ozzie75, here you go. http://klse.i3investor.com/blogs/nomanland/65231.jsp

ozzie75 will have it up in 10min.

@ozzie75, distribution since 10/11, all 4 FVE Red= -40, -ve sharp angle.

L2, "una to place"? "una to cfm"? Meaning!!

L2, look at Chart Fibo - Enlarged. mid October to November area.
1. Red, Oct-Nov, Diamond
2. Blue, Nov, Flag?
3. Green, no idea.
4. Brown, Nov, Falling Wedge?

@RING,
http://eaglefordtexas.com/news/id/140812/oil-analysts-see-range-outcomes-opec-nov-27-meeting/

doraemon_dreamhunter. I am waiting for -ve divergence so I can buy at 0.005 cents. I am also stuck at 0.54, and looking forward for a +ve divergence to sell it. Read my messages, I never said, "Bull or Bear" and never said "Buy or Sell". If I sell at loss, I must be an idiot.

bryan_x00, read the "Notice Board" at the bottom or comment area.

86868, based on Red(13) and Green(34), yup, accumulation, the other distribution. We have 50/50 on 4 FVE. BUT, all 4 FVE are converging to -36 to -42 area. This is getting interesting.

86868, observe the chart carefully, see how RED move against other colour, especially the BROWN. When all color mixed together... well, you tell me.
Also, see the gap. Larger and narrower gap between the 4 FVE line.

Look at the Peak and Trough, compare it with "my Elliot wave signal", the heart beat.

updated http://klse.i3investor.com/blogs/nomanland/64704.jsp
This chart is getting more interesting

L2, I am not sure whether...
1. Price chart, early stage of cup-with-handle or saucer from mid Oct/14
2. FVE period=10 chart, triangle or diamond? I did analyze it, more toward diamond shaped.

Updated at http://klse.i3investor.com/blogs/nomanland/64704.jsp

L2, we are still learning and progressive improve our beginner skill(hopefully). I do hope some viewers of my post do participate more constructively, where all viewers can benefit for their own use.

The FVE's period still need some adjustment. Different counter react/behave to FVE differently. I am still testing the FVE's period value. (The default=22, min=10)

L2, the divergence is neat! Spot any divergence other then those I highlighted?

Updated new post at http://klse.i3investor.com/blogs/nomanland/64704.jsp

L2, observe the "Linear Regression Slope"

L2,
tested. 11/24/2014 0.290 0.310 0.285 0.305 50000000
FVE=10, like 17/10. FVE=22, same slope.
Elliot Wave Signal /\
The other oscillator /

new post at http://klse.i3investor.com/blogs/nomanland/64704.jsp

@L2, FVE=22 better for intermediate term. FVE=10, short term and more sensitive.
Using FVE=22 and Linear Regression Slope, you can identify the -/+ve divergence.

27/10 to 21/11, using FVE=22(2nd graph), similar to one of the Markos Katsanos' chart. Kind of interest.

Let see what happen on next week.

@mushashi69, I am looking for "+ve" and "-ve" divergence. Bull and bear, not really.

New post. http://klse.i3investor.com/blogs/nomanland/64704.jsp

L2, tomorrow I will put up a new layout and post. Most probably I will be concentrating on "FVE" for awhile and see where the divergence is going.
There will be no more update for this post.

If you find any interesting indicators or oscillators, give me a shout.

Cheers and take care.

L2, below here I extract from

Stocks & Commodities V. 21:4 (26-38): Detecting Breakouts by Markos Katsanos
Conclusion

"I have done extensive system testing and found that the FVE
works best for small-cap and volatile securities such as Internet,
software, communications, computer, and biotech stocks.
Volume action in the large-cap or major index component
stocks tends to be distorted due to program trading, portfolio
adjusting, tax selling, index trading, and so on, so volume-
based indicators might not give signals that are as reliable as
those for smaller-cap, non-index stocks. On the other extreme,
for some reason penny stocks do not always respond to indica-
tor divergences. It is a good idea to test the reliability of the FVE
on historical price charts when selecting a stock to trade based
on FVE divergence. Further, using mechanical systems for
identifying divergence might be more objective, but it is a good
idea to verify them visually before making any final decisions."

"I got the best results by using FVE in conjunction with classic
technical analysis formations such as the cup-with-handle,
saucer, and triangle, as well as stocks that are building a base.
F VE provided an opportunity to identify stocks early in a cup-
with-handle formation. You can initiate a trade in the early
stages of the right side of the cup being formed rather than wait for the handle to form, thus increasing your profits dramati-
cally. FVE will also help you determine the direction of the
breakout from triangles."

"Last but not least, keep in mind that there are no certainties in
the financial markets — only probabilities. FVE will increase your
probability of winning, but good money management will help
you avoid large losses and maximize your profits. You should
always use stop-loss orders to protect your capital or profits."

@86868, L2 and I were discussing about the FVE indicator and testing it. We based the result on this and next week "assumed" data.

"21/11 end result -72.9031 28/11 end result -63.3147"
These are not price. It is just FVE indicator value.
Only when pass 0 or higher, it means bull or / = +ve or \ = -ve divergence.

The last test, actual + "assumed next week data" (based on L2 sampling),
even the "PRICE" drop further, the FVE is in +ve divergence(low slope)

"ZigZag Reversal = 40 percent FVE Period = 12 instead of 22"
These are just a parameter for the FVE and ZigZag.
At present, I am using it, that the indicator is more sensitive to changes in price and volume.

@86868, you may want to refer back further messages about the FVE.
Have a look at the Actual Data FVE graph(top chart). Ignore the test chart.

Cheers,

@thor88, for me to see whenever I need it. As for others, it is their choice to view it. Overall, the TA for me to know when can I exit and recover some paper loss when the time is right. When? I have no ideas.

L2, just tested, actual data + test data#2(forward date).

21/11 end result -72.9031
28/11 end result -63.3147

ZigZag Reversal = 40 percent
FVE Period = 12 instead of 22

Based on Test#2
11/24/2014 0.30500 0.30500 0.28500 0.28500 15399400
11/25/2014 0.28500 0.28500 0.28000 0.28000 18680700
11/26/2014 0.28000 0.29000 0.27500 0.27500 15237200
11/27/2014 0.27500 0.27500 0.26500 0.26500 17899700
11/28/2014 0.26500 0.26500 0.25000 0.25000 19676800

L2, test#2, not much changes.
"if projection testing for the 5 days of next week is possible,..."

Do mind, have next week projection data, at least we can see how the FVE react. This will be interesting....
Give me 2 set. next week + next week reduce volume.

L2, which parameter will you prefer
ZigZag Reversal = 15 points
FVE Period = 22

or

ZigZag Reversal = 40 percent
FVE Period = 22

L2, uploaded 2 type of chart with different parameter.

L2, give me the sample data. Open/High/Low/Close/Vol for 5 days. I will test it out. Will put it out later for you or anyone to see.

Good night.

travoltakeong, what you read is correct according to Markos Katsanos. At present stage, for the FVE indicator is accumulation - distribution - accumulation(small). Zoom on the chart. When, if only if, cross the Zero(hopefully soon), "Values above zero are bullish and indicate accumulation" will happen.

Look at the FVE(red), ZigZag(green), and other indicators, cross reference vertical to the daily chart(bottom). Find the divergence? You will notice something.

Good night.

travoltakeong, tough question. Refer to http://www.mkatsanos.com/FVE.html and you will notice the FVE.

L2, I am still trying to figure what parameter to set, at least have better outcome. I am just testing some parameter.
You might want to vertical cross reference with Elliot Wave Signal, the heart beat /\ \/. It is kind of interest.

L2, same questions I had. More toward accumulation. Something is going on!!!
Observe 6/9 to 23/6, similar accumulation.

Sang-Jero, have a look at http://www.mkatsanos.com/FVE.html

calvintaneng, at least I tried to charts something than nothing ;)

Just added a new post http://klse.i3investor.com/blogs/nomanland/64660.jsp

Sang-Jero, have a look at http://klse.i3investor.com/blogs/nomanland/64660.jsp

L2, just added a new post
http://klse.i3investor.com/blogs/nomanland/64660.jsp

L2, I have one chart using Finite Volume Elements (FVE) indicator by Markos Katsanos. I am still trying figure it out whether the formula I used is correct. According to the chart, 14/10/14 till 21/11, accumulation. When refer back to April/2014 to June/2014, similar indication, accumulation.
I will be publish it out, hopefully on Saturday for all to see.

Markos Katsanos’ Finite Volume Element (FVE) indicator was first described in “Detecting Breakouts” in the April 2003 issue “Technical Analysis of Stocks and Commodities.” The FVE is a money flow indicator but with several key differences from Chakin’s Money Flow or On Balance Volume. Unlike these money flow indicators which add or subtract all volume even if the security barely closed higher than the previous close, FVE uses a volatility threshold to take into account minimal price changes.

Divergences between price and the indicator can provide leading signals whereas the slope of the indicator shows if the bulls or bears are in control. Values above zero are bullish and indicate accumulation while values below zero indicate distribution. FVE crossing the zero line indicates that the short to intermediate balance of power is changing.