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ValueTrader

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Posts posted by ValueTrader

  5. Posted

    interesting - good find.

     

    I did find it interesting that their idea of price discovery was meant to be fundamentally based and that those applying technicals or other ideas might not be welcome (a general summary)

    .

     

    My personal view on technicals is that they (the levels) are created by opinions on fundamentals. But that's a discussion for another time!

     

    When they Author lists & defines all the underhanded goings on, It really does show trading up for what it is...Swimming with sharks.

  9. Posted · Edited by ValueTrader
    Additional information

    just do 2 bars, one on top of the other.

     

    Hi Tams,

     

    Thanks for your speedy reply :)

     

    How would that look in code format?

     

    
PlotPB(high,close,"bears",Red);
plotPB(low,close,"bulls",Green);

     

    Is this correct? I was messing around with different PB statements which I keep a log of

    using a txt. document, this way I can see how the code develops, and make I make a note of what the changes do. I pretty sure that the code sample above gave me bars of all the same colour (whichever PB statement is declared last).

     

    I've also tried compiling the two statements as separate codes and running them together, but the colour becomes whichever is the last one i apply to my chart! :bang head:

     

    Thanks

     

    VT

  10. Posted

    Hello All,

     

    I'm wondering if it is possible to have more than one colour in the Same PaintBar?

     

    Eg. low to close red, high to close green.

     

    I have scrutinized my EL literature (reference guides, getting started, EL essentials etc) but alas have found no mention of it. A Google search has also draw a blank.

     

    Many thanks

     

    VT

  11. Posted

    I agree with Ronnie & Josh, time based charts are of limited value.

    Indeed, Peter J S, the Creator of market profile no longer uses time charts either, he trades straight off the volume profile.

     

    Like you've mentioned Josh, I like to use CV bars, as I like to see the structure and you can quickly decifer a trend or rotation market.

     

    I like to use round numbers on these, although I don't trade the ES, when I'm viewing it I have it set to 5k contacts. For me, it helps with seeing where bigger buyers n sellers are doing business. /

     

    I've never seen the point if averaging the volume and dividing it by 24, which I understand is common practice with CV bars. Surely that's just a proxy for time based trading.

     

    Would be interested in others opinions on this, positive or otherwise ...

     

     

    VT

  12. Posted

    There's two ways to approach your question.

     

    1. Even if you choose to avoid the shockwave volatility of data releases, doing 10 minutes research will stand you in good stead for understanding Why the market is doing what its doing. Eg revised figures causing a reversal.

     

     

    2. I could code you a basic easy language study, which you'd have to convert to Ninja. I'm thinking along the lines of a time based "warning" or alert linked with a short term ATR style indicator which would give you a green light when volatile drops below a user inputable level.

     

    NOTE: you'd need to paper or similar trade it first!

  14. Posted

    Why you so protective of RSI. Trying to get it to work? lol

     

    You call me arrogant, but you feel it correct to speak on behalf of the world vs me!

     

     

    PM me and I'll give you the company I'm employed by details. If you then contact the FSA in the UK they'll be able to confirm My P&L and account size.

     

    I trust you'll do the same, however I don't think your bedroom is regulated by the FSA.

     

    I'll let you have the last word Adrian, you need practice with your spelling!

  15. Posted · Edited by ValueTrader

    @Valuetrader Would you mind posting the code please for your system that buys every low and sells every high on the 30 min chart? I know $100 doesn't mean much at all to you and you aren't realy a believer in system trading, so you won't mind at all sharing such insignificant code, but I'm sure many others would be fascinated to see it. You know once yo uhave posted it, I'm sure it will help built your reputation as an honest and reputable person.

     

    Regards,

    Adrian

     

    Adrian. Oh Dear!

     

    At the end of the post you are referring to, I wrote " Doesn't Matter How You Dress It Up Bs is Bs".

     

    So from this sentence anyone with a functioning brain could have guessed the general theme of the reply, but not you Adrian!

     

    In your hurry to supply a witty retort, you've completely missed the point of my post, and possibly made yourself look stupid. Allow me to answer in a manner that you may understand.

     

    I WAS BEING SARCASTIC.

     

    I was pointing out that regardless of what indicator / system used it can be proved to be successful with hindsight.

     

    Cointoss System, again Adrian, I was being Sarcastic.

     

    I'm not a vendor & I'm not selling or recommending anything so why should I give a shit about my reputation. All my codes are posted free on this forum.

     

    Maybe Adrian, you should contact the moderator and suggest a new rule forbidding questioning vendors posts, as you seem so protective over them.

     

     

     

    A healthy scepticism prevents us from all being robots Adrian. Now go tidy your room.

  16. Posted

    If you rsi is so good, why are you vending it for a few dollars on a forum. Buying every low and selling every high on a 30min chart has worked well over the last 10 years too! And with hindsight, I can post a chart showing this. Any newbies want to send me $100 I can also share my cointoss indicator that I use a $500 stop with. Doesn't matter how you dress it

    up, BS is BS.

  20. Posted

    I'm attempting to create an indicator that 'Dings' when price is at bid & 'Dongs' When price is at ask. However my creation is currently silent.

     

    If Close = InsideBid then 
Playsound("C:\Users\Documents\Sounds\81085__milton__quito-mariscal-sucre");

If  Close = InsideAsk then
Playsound("C:\Users\Documents\Sounds\91926__corsica-s__ding");

plot1(close,"dummy");

     

    Can anyone see where I've gone wrong, and the reason why it doesn't seem to be working?

     

    Many thanks

     

    VT

  21. Posted

    Dont forget to wrap to code when posting, using the hash on the top right hand side of the reply window. It makes the code easier to read.

     

    {Example code here} plot1(open,"open");

     

    As for you start time question, the simplest way would be to open a new chart and alter the default start time. Or you could use...

     

    If time >1759 and time<1801 then begin

     

    at the start of the code. you'd also need the place an 

    End;

    at the end of the code.

  22. Posted

    A composite profile is two or more day profiles amalgamated together. In my humble opinion a one day profile has limited value. Rather than setting the profile to a fixed time period (eg. Week / month) with an inputable number of days you can create a profile to fit in with the current valed distribution.

  24. Posted

    Looks like you've unlocked the secret!

     

    Unless you are using a High end data feed, the volume you will receive from a retail broker will be abbreviated anyhow, so don't sweat a few contracts here or there.

     

    The excel volume profile tallys up with my charting platforms volume profile, in relation to where the peaks,nodes,and low volume is situated. The figures can sometimes differ, but its not a huge disparity.

     

    If it helps, in my trading I'm more concerned with the structure of the profile and where the key areas are, not the exact figures to the nearest contract that made them.

     

    VT

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