Does Weed Smoking Decrease Performance

[Does Weed Smoking Decrease Performance]

The best times I've ever had I can't remember.

[Question about trade (stock) settlements...]

Freeriding - Wikipedia, the free encyclopedia

[Question about trade (stock) settlements...]

I think it does apply. It's just that a pattern day trader will have more money and margin to cover the trades.

[Question about trade (stock) settlements...]

TradeStation requires $30,000. With TS (and stocks), if you have 4 round trips in any 5 day period, they will classify you as a pattern day trader and request the additional funds to equal $30K. Until you send them the money, they will only let you sell what you own and you cannot buy anything else.

 

Again with TS, if you fund your acct with the minimum, $5,000, you are only allowed 3.5 round trips in any 5 day period.

 

As far as the "T3" rule, it doesn't come into play as much with TS because the minimum non-pattern acct will have a margin equal to the acct balance.

 

The T3 rule goes like this:

Buy X and use all your funds and sell it the same day. You can buy Y with the funds you have coming, the same day, but you cannot sell it until the funds actually clear, three days later. In other words you could be stuck for 3 days holding a stock even if it is going down.

 

T3 Rule and Pattern Day Trading rules are two different sets of rules.

 

On the other hand, trading Futures does not have either rule. You can trade as much as you can stand because everything is settled that day. The catch is that you have to have a seperate stand alone acct to trade Futures. The minimum Futures acct with TS is $5,000. So if you wanted to trade both, with the minimum, you will need $10,000.

 

This is my understanding.

[Volume Gradient + Heikin Ashii Trend Indicator]

Here are a couple screens. With and without trend enabled.

[[Volume Based Candles] and how to profit]

I think a point that is worth mentioning is finding the best volume per candle to trade upon, for your trading style. Most of you guys are trading the YM where Joe can say to Bob, "Look at the X vol candles". I'm trading stocks. The volume can vary a lot. Have too small of a volume candle and get burned. Have a too big of a volume candle and miss many trades.

 

For stocks, I actually think you need to watch for a day or two or figure out that an average volume of X = a candle volume Y and set it to that. One particular volume setting does not work for for all stocks.

 

I know this may seem elementary to some but I had to learn this the hard way switching from time to volume.

[Volume Gradient + Heikin Ashii Trend Indicator]

TS 8.2 v3863. I think there is one newer version but that was for MS Vista, I'm pretty sure.

[Volume Gradient + Heikin Ashii Trend Indicator]

Well, now it is totally customizable! Great job! This one should make some money and be in use for a long time. I'm going to give it a whirl tomorrow.

 

rick, did you ever get yours fixed?

[[Volume Based Candles] and how to profit]

I was afraid you were going to say that. I've read the forum topics on the volaccum candles; I've seen them and they are not like the equivolume candles. It's like a poor attempt to create them.

[[Volume Based Candles] and how to profit]

Equivolume candles' body gets wider as volume increases. So those are based on time charts. Tradestation has those. I guess it could be used to replace the volume histogram or whatever measure of volume.

 

Volume Based Candles are different. They are printed as volume takes place. The width of the body does not change. Tradestation has those as well.

 

While it is easy to get these mixed up though, they are very different.

What are the Equivolume candles in TS called? How do you get them started? I'd like to see them in action.

[[Volume Based Candles] and how to profit]

Can anyone tell me which software packages have equicandles/volume based cnadles?

 

TradeStation has them.

 

I think he is talking about the candles that get fat. TS has volume based candles but Ensign has the ones that get fat on volume.

 

September 2006 Trading Tips Newsletter

[Volume Gradient + Heikin Ashii Trend Indicator]

I have dowloaded the latest version of the indicator and still cannot get the chart to print cadle stick chart as in the original example. When I toggle between OHLC and candlestick the OHLC is overlayed on the candlestick. It seems that the paintbar will only showup in OHLC format.

I also noticed that at the bottom section for volume in the original example there is a $I-Volume is there something I'm missing to get this to show as the example?

Can you post a screenshot of your desktop? The indicator is working properly for me.

[Volume Gradient + Heikin Ashii Trend Indicator]

Excellent.

 

You said PriceLength is used to determine the moving average for the trend. May be a dumb question but how does that work? Does this mean we can adjust the sensitivity, i.e. when the trend bars change color?

 

I was looking at a few volume "share bar" candle charts with this indicator. It appears to be working correctly with those too. Also I was thinking that your above explanation would be good to include inside the eld. Maybe a little credit for yourself too. Nothing wrong with putting your name on your work.

[Volume Gradient + Heikin Ashii Trend Indicator]

GCB, just so I understand how to use this correctly, the winner of the up/down volume battle gets the candle. And... if the winner won the candle overwhelmingly, the color is darker. Light color for a close call.

 

Is that correct? I think I like it better without the trend. You have done a great job with this. Two thumbs up!

[Volume Gradient + Heikin Ashii Trend Indicator]

Your trading platform should have a toggle button. TS's toggle is at the top right.

[Volume Gradient + Heikin Ashii Trend Indicator]

You have had a great idea... Thanks!

 

I wonder if there would be a way to show the volume like a thermometer on each candle? If you could use up volume on all candles but show it like water in a drinking glass? The difference would be down volume. That would be special.

[Volume and Price Setups]

I notice you have arrows pointing to the volume bars. It looks very confusing to me because on some red candles that you have marked there are high vol spikes and some are low vol spikes. I can see somewhat of a trend in the volume, almost mirror image of the price but it appears very difficult to read. What in the volume spikes tells you what should happen next with price?

 

And not to get off topic too much but I was wondering why so many appear to prefer short trades as opposed to long?

[[Volume Based Candles] and how to profit]

Robert: you may want to put a volume histogram on a time based candles chart... you will see the diference, every time candle has a diferent volume weight.... on vbc every candle has the same volume, no weight there, so they have to rely on time weight per candle to determine volume analisis... I find more easy to measure volume histograms per time based candles, its more visual... but remember volume analisis its nothing more than wheight analisis of price action.... so if you have a hammer on a 1500v there is the same weight from candle to candle,doesnt mean nothing by itself.... no weight analisis, the only weight there is the time it took to build that hammer... so again we have time.... from one other perspective... cheers Walter.

I do see your point. I really am enjoying this thread. Looking at the same things but in a new way. Analyzing things to see their relationships. I don't think there is a right or wrong, it's what works best for any particular person.

 

For me, I would rather have a lot of volume and a lot of candles to trade that volume. During the day I'm not really looking at time. I'm on alert for volume, trying to ride the wave. If I'm getting candles, I'm getting volume and know it immediately. I guess I see it as humans have a natural sense of time but no natural sense of volume. That's the inn and the yoh of it!

[[Volume Based Candles] and how to profit]

Walter, the indicator you just posted works great. It seems to be excellent for reviewing old charts.

[[Volume Based Candles] and how to profit]

Brown : I know you are very enthusiastic about volume based candles, now you should understand that there is a contradiction towards volume analisis on that graphic aplication.... you see, you are just making an equal sum of equal amount of activity to each and every bar... so said: each bar has the same volume weight, same activity weight... so ironically when you give a same wheight to a bar you literally anulate any volume analisis on your chart... you only have the price action left on the chart.... "you may say I have a 1500v hammer", well yes, but the previous bar was also a 1500 v bar and next one a 1500v bar... you see... volume based candles are that... its really not volume analisis... maybe they share some word on the name, but true volume analisis must be able to measure from bar to bar diferent "weight" of volume... other wise stated, its not volume analisis... I think the original vsa concepts are the most clear volume analisis concepts, where in a given bar : how much volume "weight" there was, and what range there was, and where did he close ?.... you see on volume based bars you cant do that weight.... thats only an input wanted to add to all this, thought I believe TRUE volume analisis its about weight of a bar in a given context cheers Walter.

 

You guys are the experts but I think the purpose of volume candles is to take the guess work out of volume on your trading decisions and boost the power of the candle formations. Since the volume is in the candles, it is already taken into consideration.

 

You get more trading signals from volume based candles because you get more candles when you get more volume. Not true with time based candles. With time intervals you get X number of candles no matter what the volume is and you don't know what precise emphrance to put on the candle formations.

 

Everything I have read says volume moves price not time. If you have two exactly the same candle patterns in front of you, one based on volume and one based on time. Which would you trust more? For me, the volume one because I would know exactly how much trading it represents. Basically it puts the "tape" on the chart.

[Wireless router replacement and questions]

I am sort of a computer geek and have used home routers for more than ten years. I have found that for me, Linksys is the best. I have four computers currently setup on my home LAN. Two wired and two wireless. The wireless is reliable when within range but not as reliable as being wired. Routers are cheep and easy to setup. You should have no problem at all.

 

Here is a decent link: WPA Wireless Security for Home Networks

[[Volume Based Candles] and how to profit]

Robert,

You bring up something that needs to mentioned -

I HIGHLY RECOMMEND YOU LEARN TO READ CANDLES FOR YOURSELF.

 

Do NOT rely on a computer program to find your candle formations.

 

Why?

 

Here's why:

• Computer programs do not have the 'flexibility' to be able to see a candle pattern.
  
• You are relying on someone's interpretation of candle formations and the ability to put them into code.
  
• You really need to know how these work, look, feel, etc. before relying on a computer program. It's like when you learn how to add and subtract in school... why bother when there are calculators? You need to LEARN it before turning it over to a computer.
  

I cannot stress how important this is. I've tested many, many programs out there and other than Nison's MarketScan (which is only on his website, not a downloadable program), I have not found ANY worthwhile.

 

Here is my opinion - when I see a 'hammer' a program may not simply b/c the shadow/wick is not quite long enough. In intraday trading, you MUST be flexible on what you call a hammer b/c the picture perfect hammer does not show every day. And if you rely on that program to find your hammers, you'll be sitting waiting for the perfect one b/c the program is set by design to find the textbook hammer. Well, as we all know - real life doesn't always look like textbooks. If so, we'd all be multi-millionaires from trading by now.

 

Robert and others that are studying this - take the time to purchase Nison's books/DVD's and learn to find these on your own. When I looked at the charts posted here, it took me a whole 2 minutes to just see all the candle patterns on them. And that comes from training your eyes and repetition.

 

Just my 2 cents...

 

I totally agree that the goal is to learn to identify and understand the patterns without a program telling you what to do. However, using the program or indicator to help you learn I think is good. Think of it as training wheels. One day when it becomes clear, you take the training wheels away. That is a beautiful day. It is like learning to read a new language, then tossing out the translator.

 

You said yourself that you have some problems seeing "inverted hammers", maybe the program or indicator can or can be adjusted to find those for you. Maybe being program assisted is not that bad.

 

The fellow that wrote this and many indicators said his goal was to try to get to a place where he didn't have to even look at a chart at all. He said he was tired of squiggly lines. The reason I mention this is because TS's RadarScreen won't use volume based intervals. This CPR indicator may not match the chart. It may be useless anyway. I'm not switching back to time intervals. I think that would be going backwards.

[[Volume Based Candles] and how to profit]

Here ia a Candle Pattern Recognition TradeStation RadarScreen Indicator.

 

Good ol Rumpled one.

 

[LegacyColorValue = true]; 

{_SMAA_Dynamic_CPR - CandleStick Pattern Recognition  }


{Programmer:  Avery T. Horton, Jr.  aka TheRumpledOne}

{ http://www.stockcharts.com/education/ChartAnalysis/CandlestickDictionary.htm   }

{ http://www.litwick.com/glossary.html }

Inputs: 

iDecimals(2),

iOpen(open),
iHigh(high),
iLow(low),
iClose(close);

inputs: 

Length( 1 ),
Factor( 2 ),
Percent( 5 ) ;

variables: o3WhiteSoldiers( 0 ), o3BlackCrows( 0 ) ;

variables: oBullishHarami( 0 ), oBearishHarami( 0 ) ;

variables: oPiercingLine( 0 ), oDarkCloud( 0 ) ;

variables: oMorningStar( 0 ), oEveningStar( 0 ) ;

variables: oMorningDojiStar( 0 ), oEveningDojiStar( 0 ) ;


variables: 


xTriggerTime1(time),
xTriggerTime2(time),
xTriggerTime3(time),

xPeriods(60),
xInterval(0),

sFirstPass(true),

xMRO( 0 ),
xIndMin( 0 ),
xIndAvg( 0 ),
xInd(0),
tInd(""),


FG1(white),
BG1(black),

fg2(white),
bg2(black),

fg3(white),
bg3(black),

fg4(white),
bg4(black),

vdummy("");


{commentary variables}
variables: 
xcomm(0),
oComm1( "" ), 	
oComm2( "" ), 	
oComm3( "" ), 	
oComm4( "" ), 	
oComm5( "" ),
oComm6( "" ),
oComm7( "" ),
oComm8( "" ),
oComm9( "" ), 	
oComm10( "" ); 


{candle  variables}

variables: 

xOpen(0),	
xOpen1(0),
xOpen2(0),
xOpen3(0),	


xClose(0),
xClose1(0),
xClose2(0),
xClose3(0),

xHigh(0),
xHigh1(0),
xHigh2(0),
xHigh3(0),	

xLow(0),	
xLow1(0),
xLow2(0),
xLow3(0),

xTop(0),
xTop1(0),
xTop2(0),
xTop3(0),

xBottom(0),			
xBottom1(0),		
xBottom2(0),		
xBottom3(0),

xMid(0),	
xMid1(0),
xMid2(0),
xMid3(0),


xTopShadow(0),
xTopShadow1(0),
xTopShadow2(0),
xTopShadow3(0),

xBottomShadow(0),			
xBottomShadow1(0),		
xBottomShadow2(0),		
xBottomShadow3(0),

xBodySize(0),	
xBodySize1(0),
xBodySize2(0),
xBodySize3(0),

xBodyAvg(0),	
xBodyAvg1(0),
xBodyAvg2(0),
xBodyAvg3(0),


t1DayPattern("DOJI"), 
t2DayPattern("DOJI"), 
t3DayPattern("DOJI"), 			

sFound1Day(false),
sFound2Day(false),
sFound3Day(false),	

xcdummy("");

{first time through}

if sFirstPass
then begin

sFirstPass = false;

{bar test}

If bartype = 4
then xInterval = 94
else
If bartype = 3
then xInterval = 93
else
If bartype = 2
then xInterval = 92
else
If bartype = 1
then begin
xInterval = BarInterval;
end; { If bartype = 1  }

end; {if sFirstPass}


{ INITIALIZE }

tInd = "";

t1DayPattern	= "" ;
sFound1Day	= false ;

t2DayPattern	= "" ;
sFound2Day	= false ;

t3DayPattern	= "" ;
sFound3Day	= false ;

FG1 = WHITE;
BG1 = BLACK;

fg2 = WHITE;
bg2 = BLACK;

fg3 = WHITE;
bg3 = BLACK;

fg4 = WHITE;
bg4 = BLACK;


xOpen = iOpen;
xOpen1 = xOpen[1];
xOpen2 = xOpen[2];
xOpen3 = xOpen[3];

xClose = iClose;
xClose1 = xClose[1];
xClose2 = xClose[2];
xClose3 = xClose[3];

xHigh = iHigh;
xHigh1 = xHigh[1];
xHigh2 = xHigh[2];
xHigh3 = xHigh[3];

xLow = iLow;
xLow1 = xLow[1];
xLow2 = xLow[2];
xLow3 = xLow[3];


xTop     = maxlist( xOpen , xClose );
xBottom  = minlist( xOpen , xClose );
xMid	 = ( xHigh - xLow ) * 0.5 + xLow ;

xTop1     = maxlist( xOpen1 , xClose1 );
xBottom1  = minlist( xOpen1 , xClose1 );
xMid1	  = ( xHigh1 - xLow1 ) * 0.5 + xLow1 ;

xTop2     = maxlist( xOpen2 , xClose2 );
xBottom2  = minlist( xOpen2 , xClose2 );
xMid2	  = ( xHigh2 - xLow2 ) * 0.5 + xLow2 ;


xTop3     = maxlist( xOpen3 , xClose3 );
xBottom3  = minlist( xOpen3 , xClose3 );
xMid3	  = ( xHigh3 - xLow3 ) * 0.5 + xLow3 ;

xTopShadow		= xHigh - xTop ;
xTopShadow1		= xHigh1 - xTop1 ;
xTopShadow2		= xHigh2 - xTop2 ;
xTopShadow3		= xHigh3 - xTop3 ;

xBottomShadow	= xClose - xLow ;			
xBottomShadow1	= xClose1 - xLow1 ;
xBottomShadow2	= xClose2 - xLow2 ;	
xBottomShadow3	= xClose3 - xLow3 ;

xBodySize 		= xTop - xBottom ;
xBodySize1 		= xTop1 - xBottom1 ;
xBodySize2 		= xTop2 - xBottom2 ;
xBodySize3 		= xTop3 - xBottom3 ;


{IF xBodySize  > xBodyAvg  THEN  LONG CANDLE }

xBodyAvg  = XAverage( xBodySize , Length ) ;
xBodyAvg1 = XAverage( xBodySize , Length ) ;
xBodyAvg2 = XAverage( xBodySize , Length ) ;
xBodyAvg3 = XAverage( xBodySize , Length ) ;



{-----------------------------}
{ One day pattern recognition }
{-----------------------------}

{Gravestone Doji

set{body_top,max(open,close)}
set{body_bottom,min(open,close)}
show stocks where body_top is less than .05 percent above body_bottom
and body_bottom equals low
and body_top more than .5 percent below high

}

If sFound1Day = false
and xOpen = xLow
and xClose = xLow
and xHigh > xLow
then begin
xTriggerTime1 =  Time;
fg1 = white;
bg1 = BLACK;
tInd 			= tInd + " 1:Neutral" ;
t1DayPattern	= "Gravestone Doji" ;
sFound1Day	= true ;
end;


{ Dragon Fly Doji
set{body_top,max(open,close)}
set{body_bottom,min(open,close)}
show stocks where body_top is less than .05 percent above body_bottom
and body_top equals high
and body_bottom more than .5 percent above low

}
If sFound1Day = false
and xTop = xBottom
and xTop = xHigh
and xHigh > xLow
then begin	
xTriggerTime1 =  Time;
fg1 = white;
bg1 = BLACK;
tInd 			= tInd + " 1:Neutral" ;
t1DayPattern	= "Dragon Fly Doji" ;
sFound1Day	= true ;
end;


{DOJI close = open}

If xClose = xOpen 
then begin
fg1 = cyan;
bg1 = BLACK;
end;

{  "Inverted Hammer"  }


If sFound1Day = false
and xClose = xLow and xHigh  > xOpen  and xClose < xOpen 
then begin	
xTriggerTime1 =  Time;
fg1 = green;
bg1 = BLACK;
tInd 			= tInd + " 1:Bullish" ;
t1DayPattern	= "Inverted Hammer" ;
sFound1Day	= true ;
end;

{ Hammer

set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
set{lshadowsize, body_bottom - low}
set{tshadowsize, high - body_top}
set{body_size, body_top - body_bottom}
set{body_size2, body_size * 2}
show stocks where tshadowsize is less than 0.001
and lshadowsize > body_size2
and close decreasing for the last 3 days
and body_top < close 1 day ago

}
If sFound1Day = false
and xClose = xHigh  
and xBottomShadow > (xBodySize * 2)
and xClose < xClose1 and xClose1 < xClose2 and xClose2 < xClose3 
and xTop < xClose1
then begin	
xTriggerTime1 =  Time;
fg1 = green;
bg1 = BLACK;
tInd 			= tInd + " 1:Bullish" ;
t1DayPattern	= "Hammer" ;
sFound1Day	= true ;
end;





{ "Hanging Man"  }
{set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
set{lshadowsize, body_bottom - low}
set{tshadowsize, high - body_top}
set{body_size, body_top - body_bottom}
set{body_size2, body_size * 2}
show stocks where tshadowsize is less than 0.001
and lshadowsize > body_size2
}

If sFound1Day = false
and xHigh = xTop  
and xBottomShadow > (xBodySize * 2)
then begin	
xTriggerTime1 =  Time;
fg1 = red;
bg1 = BLACK;
tInd 			= tInd + " 1:Bearish" ;
t1DayPattern	= "Hanging Man" ;
sFound1Day	= true ;
end;


{ Marubozo SHOULD BE LAST OF THE ONE DAY PATTERNS }

{ Marubozo

A candlestick with no shadow extending from the body at either the open, 
the close or at both. The name means close-cropped or close-cut in Japanese, 
though other interpretations refer to it as Bald or Shaven Head. 
}

If sFound1Day = false
then begin

if xOpen = xHigh
or xOpen = xLow
or xClose = xHigh
or xClose = xLow

then begin
xTriggerTime1 =  Time;
fg1 = white;
bg1 = BLACK;
tInd 			= tInd + " 1:Neutral" ;
t1DayPattern	= "Marubozo" ;
sFound1Day	= true ;
end;

end; // If sFound1Day = false


{-----------------------------}
{ two day pattern recognition }
{-----------------------------}


{"Engulfing" }


If sFound2Day = false
and xTop > xTop1  and xBottom < xBottom1
then begin	
xTriggerTime2 =  Time;
fg2 = white;
bg2 = BLACK;
tInd 			= tInd + " 2:Neutral" ;
t2DayPattern = "Engulfing" ;
sFound2Day	 = true ;
end;



{Bearish Kicking

show stocks where body_top equals high
and body_bottom equals low
and body_top 1 day ago equals high 1 day ago
and body_bottom 1 day ago equals low 1 day ago
and body_top more than .5 percent above body_bottom
and body_top 1 day ago more than .5 percent above body_bottom 1 day ago
and close below open
and close 1 day ago above open 1 day ago
and open equals open 1 day ago
}
If sFound2Day = false
and xTop = xHigh 
and xBottom = xLow 
and xTop1 = xHigh1 
and xBottom1 = xLow1 
and xTop1 > ( xBottom1 + ( xBottom1 * .005) ) 
and xClose < xOpen 
and xClose1 > xOpen1
and xOpen = xOpen1
then begin	
xTriggerTime2 =  Time;	
fg2 = red;
bg2 = BLACK;
tInd 			= tInd + " 2:Bearish" ;
t2DayPattern = "Bearish Kicking" ;
sFound2Day	 = true ;
end;


{Bullish Kicking Pattern
set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
show stocks where body_top equals high
and body_bottom equals low
and body_top 1 day ago equals high 1 day ago
and body_bottom 1 day ago equals low 1 day ago
and body_top more than .5 percent above body_bottom
and body_top 1 day ago more than .5 percent above body_bottom 1 day ago
and close above open
and close 1 day ago below open 1 day ago
and open equals open 1 day ago
}
If sFound2Day = false
and xTop = xHigh 
and xBottom = xLow  
and xTop1 = xHigh1 
and xBottom1 = xLow1 
and xTop > ( (xBottom + xBottom * .005) ) 
and xTop1 > ( (xBottom1 + xBottom1 * .005) ) 
and xClose > xOpen 
and xClose1 < xOpen1
and xOpen = xOpen1
then begin	
xTriggerTime2 =  Time;
fg2 = green;
bg2 = BLACK;
tInd 			= tInd + " 2:Bullish" ;
t2DayPattern = "Bullish Kicking" ;
sFound2Day	 = true ;
end;


{ Harami }

If sFound2Day = false
then begin

Value1 = C_BullHar_BearHar( Length, oBullishHarami, oBearishHarami ) ;

if oBullishHarami = 1 then
begin
xTriggerTime2 =  Time;
fg2 = green;
bg2 = BLACK;
tInd 			= tInd + " 2:Bullish  " ;
t2DayPattern	= "BullishHarami"  ;
sFound2Day	= true ;
end
else if oBearishHarami = 1 then 
begin	
xTriggerTime2 =  Time;
fg2 = red;
bg2 = BLACK;
tInd 			= tInd + " 2:Bearish  " ;
t2DayPattern	= "BearishHarami" ;
sFound2Day	= true ;
end ;

end ; // If sFound2Day = false


{ PierceLine_DkCloud }

If sFound2Day = false
then begin


Value1 = C_PierceLine_DkCloud( Length, oPiercingLine, oDarkCloud ) ;

if oPiercingLine = 1 then
begin	
xTriggerTime2 =  Time;
fg2 = green;
bg2 = BLACK;
tInd 			= tInd + " 2:Bullish  " ;
t2DayPattern	= "PiercingLine"  ;
sFound2Day	= true ;
end
else if oDarkCloud = 1 then 
begin	
xTriggerTime2 =  Time;
fg2 = red;
bg2 = BLACK;
tInd 			= tInd + " 2:Bearish  " ;
t2DayPattern	= "DarkCloud" ;
sFound2Day	= true ;
end ;

end ; // If sFound2Day = false




{ ShootingStar }

If sFound2Day = false
then begin


if C_ShootingStar( Length, Factor ) = 1 then
begin	

xTriggerTime2 =  Time;
fg2 = green;
bg2 = BLACK;
tInd 			= tInd + " 2:Bearish  " ;
t2DayPattern	= "Shooting Star"  ;
sFound2Day	= true ;
end ;

end ; // If sFound2Day = false


{-------------------------------}
{ three day pattern recognition }
{-------------------------------}

{
{ "Evening Star" }

If sFound3Day = false
and xClose2 > xOpen2 
and xOpen1 > xClose2 
and xClose<> xOpen 
and xClose < xMid2
then begin
xTriggerTime3 =  Time;
fg3 = red;
bg3 = BLACK;
t3DayPattern	= "Evening Star" ;
sFound3Day		= true ;
tInd 			= tInd + " 3:Bearish" ;
end;

}

{Shooting Star - bearish
set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
set{lshadowsize, body_bottom - low}
set{tshadowsize, high - body_top}
set{tshadowsize2, tshadowsize * 2}
set{body_size, body_top - body_bottom}
show stocks where lshadowsize is less than 0.001
and tshadowsize2 > body_size
and close increasing for the last 3 days
and body_bottom > close 1 day ago
}

If sFound3Day = false
and xOpen = xLow
and (xTopShadow * 2) > xBodySize
and xClose > xClose1 and xClose1 > xClose2 and xClose2 > xClose3
and xBottom > xClose1
then begin
xTriggerTime3 =  Time;	
fg3 = red;
bg3 = BLACK;
t3DayPattern	= "Shooting Star" ;
sFound3Day		= true ;
tInd 			= tInd + " 3:Bearish" ;
end;


{inverted hammer
set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
set{lshadowsize, body_bottom - low}
set{tshadowsize, high - body_top}
set{body_size, body_top - body_bottom}
set{body_size2, body_size * 2}
show stocks where lshadowsize is less than 0.001
and tshadowsize > body_size2
and close decreasing for the last 3 days
and body_top < close 1 day ago

}

If sFound3Day = false
and xClose = xLow  
and xTopShadow > (xBodySize * 2)
and xClose < xClose1 and xClose1 < xClose2 and xClose2 < xClose3 
and xTop < xClose1
then begin
xTriggerTime3 =  Time;	
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish" ;
t3DayPattern	= "Inverted Hammer" ;
sFound3Day	= true ;
end;


{Bearish Engulfing
set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
show stocks where body_top above body_top 1 day ago
and body_bottom below body_bottom 1 day ago
and close below open
and open 1 day ago below close 1 day ago
and close 1 days ago increasing for the last 3 days

}
If sFound3Day = false
and xTop > xTop1   
and xBottom < xBottom1
and xClose < xOpen
and xClose1 > xClose2 and xClose2 > xClose3
then begin
xTriggerTime3 =  Time;	
fg3 = red;
bg3 = BLACK;
tInd 			= tInd + " 3:Bearish " ;
t3DayPattern	= "Bearish Engulfing" ;
sFound3Day	= true ;
end;


{Bullish Engulfing
set{body_bottom,min(open,close)} 
set{body_top,max(open,close)} 
show stocks where body_top above body_top 1 day ago
and body_bottom below body_bottom 1 day ago
and close above open
and open 1 day ago above close 1 day ago
and close 1 days ago decreasing for the last 3 days
}

If sFound3Day = false
and xTop > xTop1   
and xBottom < xBottom1
and xClose > xOpen
and xOpen1 > xClose1
and xClose1 < xClose2 and xClose2 < xClose3
then begin
xTriggerTime3 =  Time;	
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish  " ;
t3DayPattern	= "Bullish Engulfing" ;
sFound3Day	= true ;
end;

{3WhSolds_3BlkCrows}

If sFound3Day = false
then begin

Value1 = C_3WhSolds_3BlkCrows( Length, Percent, o3WhiteSoldiers, o3BlackCrows ) ;

if o3WhiteSoldiers = 1 then
begin
xTriggerTime3 =  Time;
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish  " ;
t3DayPattern	= "3WhiteSoldiers";
sFound3Day	= true ;
end
else if o3BlackCrows = 1 then 
begin
xTriggerTime3 =  Time;
fg3 = red;
bg3 = BLACK;
tInd 			= tInd + " 3:Bearish  " ;
t3DayPattern	= "3BlackCrows";
sFound3Day	= true ;
end ;

end ; // If sFound3Day = false


{ C_MornStar_EveStar  }

If sFound3Day = false
then begin

Value1 = C_MornStar_EveStar( Length, oMorningStar, oEveningStar ) ;

if oMorningStar = 1 then
begin
xTriggerTime3 =  Time;
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish  " ;
t3DayPattern	= "Morning Star";
sFound3Day	= true ;
end
else if oEveningStar = 1 then 
begin
xTriggerTime3 =  Time;
fg3 = red;
bg3 = BLACK;
tInd 			= tInd + " 3:Bearish  " ;
t3DayPattern	= "Evening Star";
sFound3Day	= true ;
end ;

end ; // If sFound3Day = false




{ C_MornDoji_EveDoji  }

If sFound3Day = false
then begin

Value1 = C_MornDoji_EveDoji( Length, Percent, oMorningDojiStar, oEveningDojiStar ) ;

if oMorningDojiStar  = 1 then
begin
xTriggerTime3 =  Time;
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish  " ;
t3DayPattern	= "Morning Doji Star";
sFound3Day	= true ;
end
else if oEveningDojiStar = 1 then 
begin
xTriggerTime3 =  Time;
fg3 = red;
bg3 = BLACK;
tInd 			= tInd + " 3:Bearish  " ;
t3DayPattern	= "Evening Doji Star";
sFound3Day	= true ;
end ;

end ; // If sFound3Day = false


{
Stick Sandwich

A bullish reversal pattern with two black bodies surrounding a white body. 
The closing prices of the two black bodies must be equal. 
A support prices is apparent and the opportunity for prices to reverse is quite good.
}

If sFound3Day = false
then begin

if  xClose2 < xOpen2
and xClose1 > xOpen1
and xClose2 > xOpen
and xClose  = xClose2
then begin
xTriggerTime3 =  Time;
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish  " ;
t3DayPattern	= "Stick Sandwich";
sFound3Day	= true ;
end;

end ; // If sFound3Day = false

{ Abandoned Baby Bullish 

A rare reversal pattern characterized by a gap followed by a Doji, 
which is then followed by another gap in the opposite direction. 
The shadows on the Doji must completely gap below 
or above the shadows of the first and third day. 
  }


If sFound3Day = false
then begin

if  xLow2 > xHigh1
and xClose1 = xOpen1
and xLow > xHigh1

then begin
xTriggerTime3 =  Time;
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bullish  " ;
t3DayPattern	= "Abandoned Baby";
sFound3Day	= true ;
end;

end ; // If sFound3Day = false




{ Abandoned Baby Bearish 

How to Identify it

First day is usually a long white day 
Second day is a doji that gaps in the direction of the previous trend 
The third day is a black day, gapping in the opposite direction, with no overlapping shadows 
}

If sFound3Day = false
then begin

IF xBodySize2  > xBodyAvg2
and xClose1 = xOpen1
and xLow1 > xHigh2
and xClose < xOpen
and xHigh < xLow1
then begin
xTriggerTime3 =  Time;
fg3 = green;
bg3 = BLACK;
tInd 			= tInd + " 3:Bearish  " ;
t3DayPattern	= "Abandoned Baby";
sFound3Day	= true ;
end;

end ; // If sFound3Day = false


{ Downside Tasuki Gap

A continuation pattern with a long black body followed by another black body 
that has gapped below the first one. 
The third day is white and opens within the body of the second day, 
then closes in the gap between the first two days, but does not close the gap. 
 }


If sFound3Day = false
then begin

IF xBodySize2  > xBodyAvg2
and xClose2 < xOpen2
and xBodySize1  > xBodyAvg1
and xClose1 < xOpen1
and xHigh1 < xLow2
and xClose > xOpen
and xOpen > xClose1
and xOpen < xOpen1
and xClose > xHigh1
and xClose < xLow2
then begin
xTriggerTime3 =  Time;
fg3 = yellow;
bg3 = BLACK;
tInd 			= tInd + " 3:Continuation  " ;
t3DayPattern	= "Downside Tasuki Gap";
sFound3Day	= true ;
end;

end ; // If sFound3Day = false

{Upside Tasuki Gap

A continuation pattern with a long white body followed by another white body 
that has gapped above the first one. 
The third day is black and opens within the body of the second day, 
then closes in the gap between the first two days, but does not close the gap. 
}

If sFound3Day = false
then begin

IF xBodySize2  > xBodyAvg2
and xClose2 > xOpen2
and xBodySize1  > xBodyAvg1
and xClose1 > xOpen1
and xLow1 > xHigh2
and xClose < xOpen
and xOpen > xOpen1
and xOpen < xClose1
and xClose < xLow1
and xClose > xHigh2
then begin
xTriggerTime3 =  Time;
fg3 = yellow;
bg3 = BLACK;
tInd 			= tInd + " 3:Continuation  " ;
t3DayPattern	= "Upside  Tasuki Gap";
sFound3Day	= true ;
end;

end ; // If sFound3Day = false


{ plots }

If t1DayPattern <> ""
then begin
Plot1( NumToStr(xTriggerTime1,0) + " " + t1DayPattern, "1Bar Pattern", fg1 ) ;
SetPlotBGColor( 1, bg1);
end;

If t2DayPattern <> ""
then begin
Plot2( NumToStr(xTriggerTime2,0) + " " + t2DayPattern, "2Bar Pattern" , fg2 ) ;
SetPlotBGColor( 2, bg2);
end;

If t3DayPattern <> ""
then begin
Plot3( NumToStr(xTriggerTime3,0) + " " + t3DayPattern, "3Bar Pattern" , fg3 ) ;
SetPlotBGColor( 3, bg3);
end;

Plot4( tInd, "Message", fg4 ) ;
SetPlotBGColor( 4, bg4);



xComm = _fCommentary(oComm1, oComm2, oComm3, oComm4, oComm5, oComm6, oComm7, oComm8, oComm9, oComm10);

CommentaryCl(oComm1 );

CommentaryCl(oComm2 );
CommentaryCl(oComm3 );
CommentaryCl(oComm4 );
CommentaryCl(oComm5 );
CommentaryCl(oComm6 );
CommentaryCl(oComm7 );
CommentaryCl(oComm8 );
CommentaryCl(oComm9 );
CommentaryCl(oComm10 );




CommentaryCl( " xOpen = ",  NumToStr( xOpen  , iDecimals) ) ; // Open ; //
CommentaryCl( " xOpen1 = ",  NumToStr( xOpen1 , iDecimals) ) ; // Open[1] ; //
CommentaryCl( " xOpen2 = ",  NumToStr( xOpen2 , iDecimals) ) ; // Open[2] ; //
CommentaryCl( " xOpen3 = ",  NumToStr( xOpen3, iDecimals) ) ; // Open[3] ; //

CommentaryCl( " xClose = ",  NumToStr( xClose , iDecimals) ) ; // close ; //
CommentaryCl( " xClose1 = ",  NumToStr( xClose1 , iDecimals) ) ; // close[1] ; //
CommentaryCl( " xClose2 = ",  NumToStr( xClose2 , iDecimals) ) ; // close[2] ; //
CommentaryCl( " xClose3 = ",  NumToStr( xClose3 , iDecimals) ) ; // close[3] ; //

CommentaryCl( " xHigh = ",  NumToStr( xHigh , iDecimals) ) ; // High ; //
CommentaryCl( " xHigh1 = ",  NumToStr( xHigh1 , iDecimals) ) ; // High[1] ; //
CommentaryCl( " xHigh2 = ",  NumToStr( xHigh2 , iDecimals) ) ; // High[2] ; //
CommentaryCl( " xHigh3 = ",  NumToStr( xHigh3 , iDecimals) ) ; // High[3] ; //

CommentaryCl( " xLow = ",  NumToStr( xLow , iDecimals) ) ; // Low ; //
CommentaryCl( " xLow1 = ",  NumToStr( xLow1, iDecimals) ) ; // Low[1] ; //
CommentaryCl( " xLow2 = ",  NumToStr( xLow2 , iDecimals) ) ; // Low[2] ; //
CommentaryCl( " xLow3 = ",  NumToStr( xLow3 , iDecimals) ) ; // Low[3] ; //


CommentaryCl( " xTop     = ",  NumToStr( xTop , iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen , CommentaryCl( " xClose ) ; //
CommentaryCl( " xBottom  = ",  NumToStr( xBottom, iDecimals) ) ; // minlist( "CommentaryCl( " xOpen , CommentaryCl( " xClose ) ; //
CommentaryCl( " xMid	 = ",  NumToStr( xMid, iDecimals) ) ; // ( "CommentaryCl( " xHigh - CommentaryCl( " xLow ) * 0.5  ; //

CommentaryCl( " xTop1     = ",  NumToStr( xTop1 , iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen1 , CommentaryCl( " xClose1 ) ; //
CommentaryCl( " xBottom1  = ",  NumToStr( xBottom1 , iDecimals) ) ; // minlist( "CommentaryCl( " xOpen1 , CommentaryCl( " xClose1 ) ; //
CommentaryCl( " xMid1	  = ",  NumToStr( xMid1 , iDecimals) ) ; // ( "CommentaryCl( " xHigh1 - CommentaryCl( " xLow1 ) * 0.5  ; //

CommentaryCl( " xTop2     = ",  NumToStr( xTop2 , iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen2 , CommentaryCl( " xClose2 ) ; //
CommentaryCl( " xBottom2  = ",  NumToStr( xBottom2 , iDecimals) ) ; // minlist( "CommentaryCl( " xOpen2 , CommentaryCl( " xClose2 ) ; //
CommentaryCl( " xMid2	  = ",  NumToStr( xMid2 , iDecimals) ) ; // ( "CommentaryCl( " xHigh2 - CommentaryCl( " xLow2 ) * 0.5  ; //

CommentaryCl( " xTop3     = ",  NumToStr( xTop3, iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen3 , CommentaryCl( " xClose3 ) ; //
CommentaryCl( " xBottom3  = ",  NumToStr( xBottom3 , iDecimals) ) ; // minlist( "CommentaryCl( " xOpen3 , CommentaryCl( " xClose3 ) ; //
CommentaryCl( " xMid3	  = ",  NumToStr( xMid3 , iDecimals) ) ; // ( "CommentaryCl( " xHigh3 - CommentaryCl( " xLow3 ) * 0.5  ; //




CommentaryCl( " xTopShadow		= ", NumToStr( xHigh  , iDecimals) ) ; //  " xTop  ) ; //
CommentaryCl( " xTopShadow1		= ", NumToStr( xHigh1  , iDecimals) ) ; //  " xTop1  ) ; //
CommentaryCl( " xTopShadow2		= ", NumToStr( xHigh2  , iDecimals) ) ; //  " xTop2  ) ; //
CommentaryCl( " xTopShadow3		= ", NumToStr( xHigh3  , iDecimals) ) ; //  " xTop3  ) ; //

CommentaryCl( " xBottomShadow	= ", NumToStr( xClose  , iDecimals) ) ; //  " xLow  ) ; //			
CommentaryCl( " xBottomShadow1	= ", NumToStr( xClose1  , iDecimals) ) ; //  " xLow1  ) ; //
CommentaryCl( " xBottomShadow2	= ", NumToStr( xClose2  , iDecimals) ) ; //  " xLow2  ) ; //	
CommentaryCl( " xBottomShadow3	= ", NumToStr( xClose3  , iDecimals) ) ; //  " xLow3  ) ; //

CommentaryCl( " xBodySize 		= ", NumToStr( xTop  , iDecimals) ) ; //  " xBottom  ) ; //
CommentaryCl( " xBodySize1 		= ", NumToStr( xTop1  , iDecimals) ) ; //  " xBottom1  ) ; //
CommentaryCl( " xBodySize2 		= ", NumToStr( xTop2  , iDecimals) ) ; //  " xBottom2  ) ; //
CommentaryCl( " xBodySize3 		= ", NumToStr( xTop3  , iDecimals) ) ; //  " xBottom3  ) ; //

{



Bullish Upside Tasuki Gap
Bullish Side-by-Side White Lines
Bullish Separating Lines
Bullish Three Line Strike
Bullish Upside Gap Three Methods
Bullish xHigh arami Cross
Bullish Three xOpen utside Down
Bullish Three Inside Up
Bullish xHigh xOpen ming Pigeon
Bullish xHigh arami
Bullish Morning Doji Star
Bullish Tri-Star
Bullish Meeting Lines
Bullish Unique Three Rivers
Bullish Abandoned Baby
Bullish Matching Low
Bullish Engulfing
Bullish Concealing Baby Swallow
Bullish Three White Soldiers
Bullish Kicking
Bearish Upside Tasuki Gap
Bearish Side-by-Side White Lines
Bearish In Neck
Bearish Separating Lines
Bearish Three Line Strike
Bearish Downside Gap Three Methods
Bearish Thrusting
Bearish xOpen n Neck
Bearish xHigh arami Cross
Bearish Three xOpen utside Up
Bearish Three Inside Down
Bearish xHigh arami
Bearish Evening Doji Star
Bearish Tri-Star
Bearish Meeding Lines
Bearish Advance Block
Bearish Identical Three Crows
Bearish Abandoned Baby
Bearish Two Crows
Bearish Engulfing
Bearish Dark Cloud Cover
Bearish Three Black Crows
Bearish Kicking
Bearish Deliberation
Hanging Man


}

[[Volume Based Candles] and how to profit]

At this early stage of my recent volume candle enlightenment, I have come to the conclusion that volume candles are the most accurate v/s all other types of chart reading.

 

I now believe this because volume candles equalize each bar's importance. With "VCs", no bar means more or less than the last or the next. They just tell a story. A story you can trust because you know what each VC represents.

 

With time or tick based bars, you don't know the importance of any bar. You don't know how much emphasis to put on any bar or pattern. You can't trust them. You might as well use a line.

 

Now there are other indicators that may quantify volume but none will be as accurate as the VCs because VCs are the indicator!

 

Most importantly, it evens out the chart. It doesn't matter what volume interval you use because whichever interval you choose, all bars represent the same.

 

Wow, this is deep. I think this just saved me about $25,000 or more. I'm a total believer. It's so clear to me now. Thanks again. Wow, that all I can say. Wow...... :rolleyes:

[[Volume Based Candles] and how to profit]

I am enjoying this too! It's like a light bulb just turned on!

 

Q: What are you trading?

A: Shares and Contracts

 

Q: How are they measured, Time or Volume?

A: Volume

 

Q: What kind of chart should you use, Time or Volume?

A: VOLUME!

 

hahahahaha I love it!

 

Now I just need to figure out (1) how to determine what size volume bars to use and (2) how to read candles!

 

I guess the volume bar size that you should use needs to correlate to price movement of the instrument somehow. ie. How much volume causes the price to move. I'm going to start reading about and studying this right now.

 

I think this may be the golden ticket. Thank you for pointing me in this great direction.

 

::EDIT:: Go Browns!!!!