1) for that there is vertical shift parameter

ans- vertical shift doesn't give us exact ratios like 1.236 ,2.618
     vertical shift is just for moving 1 or 2 pips above or below the fibratio without considering length of previous bar
     fib ratio should be calculated using previous bar or bars
     shifting doesn't give us next precise ratio.

(instead of fixed ratios if they are editable we can test using many ratios like 1.236,-2.618,3.0,-5.0 etc etc..)

2) yes multiple bars will be very very useful option

3)there is no option of logical group , i cannot use the same indicator for two different logics

for example: buy at +1pip above fibo 0.50 and moving average 5 rises , long only allowed  [logical group A]

                    sell at +1pip above fibo 3.618 and moving average rises , short only allowed  [logical group B] 

              a)logical groups option is not available
              b)cannot use it with bar opening or price move.
              c)same issue with both opening and closing logic conditions

forgive me for my bad explanation.
thank you for your quick response.

I'll add this to my plans. I have to think this through first, can't give you a date though when it will be done.

A word of caution Your illustrations have some faults. For instance, you have marked a swing leg and positions on it, but those trades are possible after the swing has finished and then defined/recognized by the indicator! Secondly, with using a period it is possible that the levels get re-drawn faster and in a way you don't expect. It is difficult to emulate manual trading decisions and rules in FSB in some cases. One of the most important aspects to keep in mind is that there is no way to use position information like opening price in setting up exit conditions.

Hi Footon i have put many files which will help so much in pattern recognition and some of advanced support resistance this will delimit our boundaries and also give ideas for many more indicators which will be very useful  all the information which i'm giving is best of what i know hope it helps you , popov and other developers to improve fsb much better with unmatchable pattern recognition technology which is not available anywhere except with proprietary trading firms , hedge funds , dark pools etc...

https://mega.nz/folder/TgwyCC4Y#d4kdkehaocW_XW1s_8kVqQ

have a great day

i'm just curious and excited to see what all new and exotic things will roll out soon..

Is there any particular method/indicators/process you would recommend that would help identify useful patterns in forex?

okay here are some of wonderful things that i have learned about markets .

reverse engineering markets

1) illusion = an instance of a wrong or misinterpreted perception of a sensory experience , a deceptive appearance or impression , a false idea or belief.

Middle English (in the sense ‘deceiving, deception’): via Old French from Latin illusio(n- ), from illudere ‘to mock’, from in- ‘against’ + ludere ‘play’.

means " to mock against play  ".

deception = the action of deceiving someone.

2) characteristics of markets

a) markets are fractal in nature (90% of people fall for this quality of market)
b) markets are repetitive in nature (those winning people don't get lost in fractals and make use of this repetitive
    behaviour ) being able to identify this quality we can make it very useful for making decisions.

3)To profit all the time from every move in the market , we should be able to consume all the risk it throws at us.
 
if you want to profit from every move in the market you should use three different strategies

1) mean reversion

   ( high win rate +drawdowns will always be above 40%-50% +many small profits)
      smooth steady equity curve.

2) trend following
      (low win rate + low drawdowns 25%-30% + many loosing trades + few large profits)
      not so good equity curve.

3) breakout trading
    (average win rate +average drawdows 30%-%50% + average win rate + average profits )
      equity curve is havoc.

if you want to take less exposure then you should trade only one system that will keep you away from staying in markets all of the time .

4) Hybrid of above systems

eg: trend following +mean reversion
       (good win rate 60% + good drawdown 30% + good profits )

5) always eat a percent of what you kill (scaling-in scaling-out)
     inverse scaling or averaging in.

6) a) what is that illusive market structure ? ans = elliot waves (they are fractal)
    b) what is repetitive nature ? ans = fibonacci (they are repetitive)

    a and b combined are called harmonics (one of the best illusive patterns)

7) always have good negotiating skills to negotiate with brokers for reducing commissions , high volume trades , high frequency trades etc..

8) portfolio
Multiple non correlated instruments or same instrument with multiple strategies

end of traders life.

Scaling is not possible  rest all can be done excellently..   footon is working on Fibonacci indicator..  all the strategies can be made for higher timeframes all the existing indicators can accomplish our work..  depending on your system you can choose you best suited set of indicators.  Only two three things are missing Fibonacci ,  support and resistance which can be replicated with fuzzy logics.. but if we are aiming for short time like just aiming for two three pips then we need precision.. and scaling is part of money management which might come in near future..  but after digging internet I found that there is no other software that can beat fsb and if the three things add up I guess this will be first most complete  software that will be available to retail traders.  As of now it's 5star software others are 2 or 3 star..  just go through those books you'll understand how to replicate those strategies with available indicators like When to use what to use how to filter etc etc..

Yes.  Scaling-in is adding , but scaling-out is reducing in multiple take profits but we have reducing on opposite signal but not on multiple exit conditions anyways what we have now is more than enough but we are only trying to push it to next level.. and yes fsb is great.. Happy trading...

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