Open ECry Wish List Thread

[Open ECry Wish List Thread]

That's what I did this week - entered a position, got 1.5-2pts in my favor, hit B/E plus one tick and then managed the trade.

 

Overall pretty happy w/OEC this year.

[Adaptive Moving Average (AMA)]

The problem when the AMA "going flat" is that it's not actually "going flat." It's still moving up or down a little bit and therefore still has a slope.

 

I've been trying to come up with a way to modify the AMA so that "almost flat" counts as "flat." Basically you have to apply a filter so that if the change between the previous AMA reading and the current AMA reading is less than a certain amount, it "doesn't count."

 

I can't find a good way to come up with this value, so here's a pic with an arbitrary value chosen.

 

Green = go long.

Yellow = do nothing (chop)

Red = go short.

 

Notice there are some good signals and some bad signals. Some of the good signals come late.

 

I have used the KAMA (Kaufman) to create MA envelopes and even use a single kAMA line as a trend/chop indicator with varing degrees of success. Still dabbling with it, but I must say it's my current preferred MA to use these days, and highly endorse those who want to explore its utility in trading and TA. Right now I'm trying to figure out a good time period for the KAMA to help me on the ES given my trading style. Also, I've dabbled with the MESA (Ehlers) and it's on my to-explore-further list....but right now, the KAMA is where I'm focussing my efforts on.

 

Question -- how did you color the KAMA to shift green/yellow/red? Is this an Easylanguage thing you can share with us?