[Greycells]

Look forward to it. Many thanks.

[AbeSmith]

Hello friends. I attended Dr. Clayburg's webinar, sponsoed by TTM, where he introduced the directional day filter. Here is the link to the webinar:

http://clicks.aweber.com/y/ct/?l=BDK...96LC3h43oVEZ8w

And here is other info about it that was emailed to me:

For the complete, online manuals for the Directional Day Filter,
the Market Direction Indicator and the TTM Real Time Target (RTT)
Indicators click the link below.

http://clicks.aweber.com/y/ct/?l=BDK...Z1keK.aymT7vhg


John Clayburg's Indicator Tips:

You will find links for manual for each indicator on the frame on
the left side of the chart. You will also find links there to a
number of charts which detail the use of these trading tools.

After studying these examples closely, it will be obvious that
there are many ways to interpret them from a trading standpoint.

I find that the most reliable method of using these tools is to use
the Directional Day Filter and the Market Direction Indicator to
determine the major trend of the day. If, for example, 45 - 60
minutes into the trading day the Directional Day Filter and the
Market Direction Indicator are pointing toward an uptrend for the
rest of the day, you can feel confident in taking a long position
at this point.

As you know, entering a trade is only the first half of the equation
- now you need a reliable exit strategy. That's where the Real time
Target indicator becomes useful.

In our previous example of a long position, one can reliably place
a profit target exit on the upper green line formed by the
indicator. The red line drawn below the price bars will serve as a
stop loss point.

My research shows that these price targets are hit on an average of
75 % of the time, making this indicator extremely useful as a
profit taking tool. On the days when the price target is not hit,
the opposite line provides a reasonable stop loss point.

This short discussion is only meant as an introduction to the use
of these indicators. You should first carefully study the manuals
(see link above) before formulating a trading strategy based on
these tools.

[Blu-Ray]

Originally Posted by Greycells »

Look forward to it. Many thanks.

Here you go, I've also included an input where you can adjust the bars to change to white if they break the +8 / -8.



Hope this helps

Blu-Ray

[whisper01Barry]

Thank You, Great Job!!!

[Greycells]

You’re a gem Blu-Ray. Many thanks.

[BillCh]

Great stuff here!

I use Wealth-Lab and I am not a programmer. Anybody else here having tried to get this Value Chart indicator coded for WL(4)?

Also a chance to get this to work in QuoteTracker?

Thanks!

[rollandr]

Hi guys,

Is possible to get Directional Day Filter Indicator or trading system for Tradestation, please.

Thanks.
Rolland

[phill]

The creator of the Value Charts indicator was Mark Helweg. He graciously gave the code to the folks at Tradethemarkets to be used with attribution. Unfortunately TTM did some tweaking, rebranded it "TTM Value Charts" and now it's hard to find Helweg's name anywhere!