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TTM/DDF Value Chart
I take it some of you have seen their newest indicator they are promoting.
Just by eyeballing it, it looks like a good indicator. I've tried searching for it and came up short. Value Chart Video Value Chart Video 2 From what I understand the indicator was created by John Clayburg, correct me if I am wrong. Either way, I like the indicator Clayburg.Com - Your Source on the Web for Self-Adaptive Systems and Indicators
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Winfred Life is a comedy for those who think and a tragedy for those who feel.Horace Walpole Doubt all before you believe anything!Sir Francis Bacon |
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Re: TTM/DDF Value Chart
Stratman has published some capable code in this thread based on earlier eKam and goose studies over at the TS forum.
The idea of opening range break out or establishing trend based on other opening range price action has been around for quite some time. It seems like every few years they add a new twist or flavor to the old indicators and call it the latest thing. I would be very careful about believing claims of 80% accuracy or some such number in predicting trend. If it is 80%, not too many people have seen the details (actual data) of such studies. Anything approaching 80% in trading is probably not wildly published. |
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Re: TTM/DDF Value Chart
I was inquiring about the +8/-8 value chart indicator, not the Directional Day Filter.
Thanks
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Winfred Life is a comedy for those who think and a tragedy for those who feel.Horace Walpole Doubt all before you believe anything!Sir Francis Bacon |
| The Following User Says Thank You to Blu-Ray For This Useful Post: | ||
wsam29 (02-03-2008) | ||
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Re: TTM/DDF Value Chart
Omg, I Love You!!!
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Winfred Life is a comedy for those who think and a tragedy for those who feel.Horace Walpole Doubt all before you believe anything!Sir Francis Bacon |
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Re: TTM/DDF Value Chart
Hi,
Is there a link to a site where it explains the calculations behind this indicator? Thanks
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James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com |
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Re: TTM/DDF Value Chart
Here's the link: Chart Research - TradeStation Interview Hope this helps Blu-Ray
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Remember - Take the path of least resistance. |
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Re: TTM/DDF Value Chart
HI Blu-Ray,
The code would be perfect if you dont mind. I am trying to replicate this in IRT. Thanks
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James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com |
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Re: TTM/DDF Value Chart
Inputs:NumBars(Numeric),P rice(NumericSeries); Variables:VarNumBars(0),V ar0(0),LRange(0),YDiv(0), RanVar4(0),VOpen(0),VHigh (0),VLow(0),VClose(0), VarA(0),VarB(0),VarC(0),V arD(0),VarE(0),VarP(0),Va rR1(0),VarR2(0),VarR3(0), VarR4(0),VarR5(0); {Insure NumBars is between 2 and 1000} If NumBars < 2 then VarNumBars = 2; If Numbars > 1000 then VarNumBars = 1000; If Numbars >= 2 and NumBars <=1000 then VarNumBars = NumBars; VarP=Round(VarNumBars/5,0); If VarNumBars >7 then begin VarA=Highest(H,VarP)-Lowest(L,VarP); If VarA = 0 and VarP=1 then VarR1=absvalue(C-C[VarP]) Else VarR1 = VarA; VarB=Highest(H,VarP)[VarP+1]-Lowest(L,VarP)[VarP]; If VarB = 0 and VarP=1 then VarR2=absvalue(C[VarP]-C[VarP*2]) Else VarR2 = VarB; VarC=Highest(H,VarP)[VarP*2]-Lowest(L,VarP)[VarP*2]; If VarC = 0 and VarP=1 then VarR3=absvalue(C[VarP*2]-C[VarP*3]) Else VarR3 = VarC; VarD=Highest(H,VarP)[VarP*3]-Lowest(L,VarP)[VarP*3]; If VarD = 0 and VarP=1 then VarR4=absvalue(C[VarP*3]-C[VarP*4]) Else VarR4 = VarD; VarE=Highest(H,VarP)[VarP*4]-Lowest(L,VarP)[VarP*4]; If VarE = 0 and VarP=1 then VarR5=absvalue(C[VarP*4]-C[VarP*5]) Else VarR5 = VarE; LRange=((VarR1+VarR2+VarR 3+VarR4+VarR5)/5)*.2; End; If VarNumBars <=7 then Begin If AbsValue(C-C[1]) > (H-L) then Var0=AbsValue(C-C[1]) else var0=(H-L); If H=L then Var0=absvalue(C-C[1]); LRange=Average(Var0,5)*.2 ; End; If LRange > 0 then begin If Price = Open then VChart=((Open-Average((H+L)/2,VarNumBars)))/(LRange); If Price = High then VChart=((High-Average((H+L)/2,VarNumBars)))/(LRange); If Price = Low then VChart=((Low-Average((H+L)/2,VarNumBars)))/(LRange); If Price = Close then VChart=((Close-Average((H+L)/2,VarNumBars)))/(LRange); End; and the second part is the indicator Inputs:NumBars(5); Variables:Vopen(0),VHigh( 0),VLow(0),VClose(0),Var1 (0),Var2(0); Var: VcloseLam(0),ValueSOB(" "),ValueMOB(" "),ValueMOS(" "), ValueSOS(" "), ValueFair(" "), lastdate(0); {Calcualte Value Chart} VOpen = VChart(NumBars,Open); VHigh = VChart(NumBars,High); VLow = VChart(NumBars,Low); VClose = VChart(NumBars,Close); If currentbar > Numbars then Begin Plot1(VOpen,"VOpen"); Plot2(VHigh,"VHigh"); Plot3(VLow,"VLow"); Plot4(VClose,"VClose"); Plot5(8,"8"); Plot6(4,"4"); Plot7(-4,"-4"); Plot8(-8,"-8"); Plot9(0,"0"); End; Cheers Blu-Ray
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Remember - Take the path of least resistance. |
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Re: TTM/DDF Value Chart
Thank you very much Blu-Ray. Much appreciated.
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__________________
James Lee Email: JamesLee@traderslaborator y.com Skype: james.lee03 TradersLaboratory.com |
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