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Found 46 results

  1. Here is a bundle of indicators for you, the development of them were requested as per this thread. http://www.traderslaboratory.com/forums/f18/paintbarfactory-com-not-spam-a-question-3168.html I have been hesitant to post these as some of them are NOT the same as per the above thread. But due to several requests recently I'm posting them anyway. The attached indicators are: BR_CCi : Which is basically a smoothed CCi. BR_RSI : Which again is a smoothed RSi. BR_Momentum : Again a smoothed Momentum ( Can't believe people would actually charge for these ) BR_PaintBars : MA based trend bars. BR_2FastMa's : Self explanatory. BR_Squeeze : Partly based on the original squeeze ( as we all know it ), but the histogram is defined to show clearer divergences. Also includes CounterTrend and an alternative midline. BR_HeatMeter : Can you take the heat ! ( well actually it's just a 50 period CCi :\) For more information on the indicators, please go to the above thread for details. See Attached Charts to show each indicator. Can I just stress that some of these are NOT THE SAME, so take them with a pinch of salt Cheers Blu-Ray BR_2FASTMA'S.ELD BR_CCI.ELD BR_HEATMETER.ELD BR_MOMENTUM.ELD BR_PAINTBARS.ELD BR_RSI.ELD BR_SQUEEZE.ELD
  2. Indicator Ergodic is under construction on the basis of indicator TSI and is calculated as follows: Ergodic (close, r) =TSI (Close, r, 5); TSI (the index true of force) is under construction on the basis of the indicator momentum. Here its formula: TSI(close,r,s)=(100*(EMA(EMA(mtm,r),s))) / (EMA(EMA(|mtm|,r),s)) mtm = close[today]-close[yesterday] EMA - exponential moving average This indicator shows a true trend. For this indicator is following corrected: 1. If the indicator is more than zero also grows the trend ascending means. 2. If the indicator is more than zero also that correction of an ascending trend falls goes. 3. If the indicator is less than zero also that falls a trend descending. 4. If the indicator is less than zero also that correction descending тредна grows goes. ERGODIC.ELD
  3. Power555 and I decided to open a new thread to discuss Jurik Indicators. We hope to post some charts and invite discussion on other members experiences on these indicators.
  4. Moving Average with extension and choice of exponential or simple average the MC version works on second/tick/volume charts as well. . average_w_extension.txt Average_w_extension_MC_version.txt
  5. I have been playing with the Hull Moving Average for the past week. It is comparable, some say better than, Mark Jurik's stuff (jurikres.com), in performance and has the distinct advantage of being COMPLETELY FREE. The .eld discussion can be found here, https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=40589 The formula is also readily found for other platforms. The Hull MA truly is a double edged sword in that it may be too fast. However, the length, intra-bar update and colourDeltaBar (which indicates the change from up to down and vice versa) are adjustable. I was wondering if anyone else has successfully used this indicator? Also, I have used Tradestation less than 2 weeks, so if anyone knows how to code the Hull MA into a MACD I would be very appreciative. 200506182322582005_JTHMA.ELD
  6. This is a moving average that is more responsive to price trends because it gives more weight to recent price closings. It is often used to evaluate momentum and to specify area of likely support and resistance.
  7. Coppock Curve The Coppock curve, created by E.S.C. Coppock, is a technical analysis indicator for long-term stock market investors. It was first published in Barron's Magazine on October 15, 1962. The indicator is designed for use on a monthly time scale. It's the sum of a 14-month rate of change and 11-month rate of change, smoothed by a 10-period weighted moving average. Coppock, the founder of Trendex Research in San Antonio, Texas, was an economist. He had been asked by the Episcopal Church to identify buying opportunities for long-term investors. He thought market downturns were like bereavements and required a period of mourning. He asked the church bishops how long that normally took for people, their answer was 11 to 14 months and so he used those periods in his calculation. A buy signal is generated when the indicator is below zero and turns upwards from a trough. No sell signals are generated (that not being its design). The indicator is trend-following, and based on averages, so by its nature it doesn't pick a market bottom, but rather shows when a rally has become established. Coppock designed the indicator (originally called the "Trendex Model") for the S&P 500 index, and it's been applied to similar stock indexes like the Dow Jones Industrial Average. It's not regarded as well-suited to commodity markets, since bottoms there are more rounded than the spike lows found in stocks. source: Wikipedia This indicator may be displayed as a curve, or as a histogram The color.mode setting is 0 for histogram, 1 for curve A delta line (Diff) is added for faster fractal analysis. (daily or intraday) note: This EasyLanguage indicator was written in MultiCharts. I have not tested it in TradeStation or other compatible programs. Please refer to your users manual for importation instructions. TL_Coppock.pla TL_Coppock_Curve.txt
  8. MAMA Combo This is one of my earlier inventions. Maybe "invention" is not the precise word to describe this, it is more like a concoction... because I did not "invent" the indicators, I merely combined them together in one presentation. This indicator should be called MA-MACD Combo, but I thought MAMA Combo sounds more catchy. ;-) This is a basic run of the mill MACD indicator, with a Fast Moving Average overlaid on top. I have created an oscillating black and white panel in the background; when the MACD value crosses below the MACD average, the panel will turn black, and white in the reverse direction. (you can adjust the panel height with BG.height in Study Format) The Fast Moving Average is the Red Light / Green Light indicator. It serves as an early warning to impending moves. You can see the code and description here: http://www.traderslaboratory.com/forums/f46/red-light-green-light-5848.html#post63641 This indicator works best in a fast fractal chart. eg. 2 minutes ES. Let me know if you have questions or suggestions. Enjoy! MAMA_Combo.txt
  9. // DigiBoard // version: beta 0.1 // date: 20100802 // author: TAMS // I did not invent this... // a variation of this concept has been around a long time // copyright: personal use // license: terms of use: this header must be retained. // // Setting: // up color = black, down color = red // Plot style = large point (dot) // // Description: // This indicator summarizes 5 moving averages in a digital board presentation // When the moving average is pointing up, the dot is black, // when the moving average is pointing down, the dot is red. // // you have a choice of using Exponential moving average, // or a simple moving average. // // note: // this indicator was written with MultiCharts. // I have not tested it on other EasyLanguage compatible software. // DigiBoard.txt DigiBoard (MultiCharts).pla
  10. Ok I know a lot of you are using the most popular indicator in the Market (Moving Average). What you do not realize is that is that MA is the #1 loser in the market. Don't get me wrong, all indicators are losers, but MA is the leader. Here is the bottom line. Indicators are not really the problem. It is the instruction that comes with them and people that use them is the problem. Let's take for example MA. This is by far the most abused indicator in the world. It has lost so much money it should have been illegal to use it. Incidentally, no one seems to realize that. Most trading system in the market follows the wisdom of the MA crossing strategy. 90% of trading system has some type of MA crossing scheme in it. Most indicators (MACD, Stoch, ADX, CCI) are build around that concept. That is why all indicators or EA (automated trading system) in general are garbage. Yes, I said it. They are all garbage. What is the reason for MA cross failure? When looking at MA or any indicators based on MA one needs to understand that price does not care where your moving average is in relation to current price. Market does not care where moving average is pointing or if your indicator is overbought or oversold. MA cross happens too late for an entry and usually when you see the cross and ready to put on a trade the price will go the opposite direction. Tadah! Not again. And you will wander why? You did follow your trading plan as you were taught but there was another loss...Frustration? No, it is more than that... Having said all that, where do a wanna forex trader should turn for help? The truth is there no one that can help you because the answer would be too simple for you to accept and follow. No one can help you except for yourself. For example: I trade against everything that I have learned in forex trading classes. I trade against everything the books, the technical gurus, the TV, the market analysis, the news, even the TREND. Yes, I trade against the trend. So when I talk about trading most traders will stay away from what I am saying because it makes no sense to them. Others will hate me for making money trading against all the rules that market "gurus" preach. I am going to share what I do and get some stones and mud thrown at me in the process. It should be fun to watch and read the comments I will be getting. So sit back and relax as I am going to unleash my sac of garbage. Here is how I trade. I only Buy Low and Sell High using my naked eye and simple support and resistance levels. I DO NOT USE MA CROSSING. IT IS DUMB TO USE MA CROSSING. Bellow is a summary of what I do to prepare for a trade: (and yes, I do trade without indicators ) 1. I don't do any analysis on weekends or days before. When I open my chart I look at a Daily Time Frame. I am not too concern about all these technical analysis. They are too confusing and too boring for me to be wasting my time on. As you may already know, most of your trades are always ending up in the wrong side. So the forex market itself does not follow technical analysis when it comes to taking my money so why should I? 2. I determine the intermediate term trend with the H4 and H1 to see where the price is in relation to past price action. This is easy to do with your naked eye. No need for expensive indicator. If you are addicted to indicators then do like the others are doing. Drop a 200 EMA on your charts and say to yourself if the price is above the 200 EMA, the trend is up and if the price is below it the trend is down. 3. I look at where the price is located in relation the highest point in the chart and the lowest point. Or for new guy, this means the highest the price has been before returning back down and the lowest the price has been before returning back up. You can do all this with your naked eye. 4. I am waiting for the price to reach my levels to take the trade. 5. I do use 5M to spot and trade true support and true resistance. 6. I only risk less than 2% of my account on any trade. 7. I follow my stop loss rules and let life goes on. And yes, sometimes I do trade even without all this stuff described above. Just be there in the right time and with right order. Sometimes I am lucky to reach my day target in first 5-10 minutes of session opening. This does not happen everyday, but this happens pretty often to mention it. With no indicators at all. So if you want to learn trading you have to get rid off anything that clutters your chart. Now go ahead and crucify me. I might enjoy some of your comments.
  11. Does anyone use this? I did a search and didn't find anything. Sometimes also called AMA, or KAMA (Kaufman Adaptive Moving Average). This moving average goes flat during choppy markets. Screenshot with some other MAs for comparison.
  12. A moving average crossover is a simple variation of the moving average indicator. It is also a trend following indicator (not to mention one of the most famous). It does not predict price but it shows price trends. This indicator uses two (or more) moving averages, a slower moving average and a faster moving average. The faster moving average is a short term moving average. It may be 5, 10 or 25 day period while the slower moving average is medium or long term moving average. This moving average involves 50, 100 or 200 day period. A short term moving average is "faster" because it only considers prices over short period of time and is thus more reactive to daily price changes. On the other hand, a long term moving average is deemed "slower" as it encapsulates prices over a longer period and is more lethargic. However, it tends to smoothen out price noises which are often reflected in short term moving averages. A moving average, as a line by itself, is often overlaid in price charts to indicate price trends. A crossover occurs when a faster moving average (i.e. a shorter period moving average) crosses a slower moving average (i.e. a longer period moving average). In other words, this is when the shorter period moving average line crosses a longer period moving average line. This meeting point is important as it gives us an idea of the optimum time to either enter (buy) or exit (sell) the market. In this article, we'll go into a semi-thorough analysis of the buy signal only. The image below gives us a picture of how a buy signal is triggered. A buy signal is triggered when the shorter moving average (red line) rises above the longer moving average (orange line). Figure 1 shows how moving average crossover works as a buy indicator. So why is it advantageous to consider two moving averages instead of one? The common dilemma of investors is in trying to make a moving average responsive to changes in trend while not allowing it to be so sensitive that it causes a trader to prematurely enter or exit a position. This is addressed by using the moving average crossover technical indicator. This indicator stands in the middle ground. It combines the shorter period moving average's price sensitivity and the longer period moving average's sense of reality, thus giving the investor a fairly accurate appreciation of price trends. The table 1 shows moving average crossover indicators grouped according to the number of days the crossover is sustained. Each indicator is given the following parameters: c=short term close price, moving average short period, w=weighted moving average, c=long term close price, moving average long period, w=weighted moving average, days crossover is sustained; couched inside the parenthesis. This article will explore the reliability of the moving average crossover indicator using the results of a backtested simulation. The test used close prices of 7072 US stocks from 4th January 1982 to 31st December 2007. Prices are in US Dollars (USD). The test reviews six (6) statistics: Profit Per Year, Simulated Portfolio Gain (in US Dollars), Median Signals Per Year, Median Profit %, Success Ratio and Maximum Drawdown Loss. Sell signal is placed at 15 % stop loss (after a 15% fall from any stock price). Profitability See attached worksheet The purpose of any good study is to determine which indicator could make a good profit. We did this by using three (3) statistics: Profit per Year, Simulated Portfolio Gain and Median Signals per Year. The Profit per Year column shows the average profit of simulated stock investment per year. This simply shows the return to investor of the money used to purchase the stock at the time of entry (simulation starting at $100k and investing 1% cash-at-hand for every buy). The next column shows the Simulated Portfolio Gain of each entire backtest over all stocks at the end of the historic data period. These two statistics measure the return of money or growth of investment as shown by increase in price of stock. In other words, these statistics tell us which technical indicator has historically yielded the highest possible profit for our investment. We are therefore interested with the indicator with the highest profit or portfolio gain. The third column Median Signals per Year is quite different from the two statistics. It does not give us direct measure of profit but gives us an idea as to how often we get buy signals triggered. If the value is too low, we wouldn't be able to trade, as there'd be nothing to buy. If on the other hand, the value is too high, it could also be hard to manage, as it would be impossible to buy them all as an individual. Here we are interested with the indicator having an average to high value. In terms of obtaining profit, two indicators (in green highlight) performed ahead of the pack (movx(c,5,w,c,50,w,1) and movx(c,10,w,c,50,w,1). These two are highly profitable technical indicators. Both indicators show an average of 12% Profit per Year compared to the others showing only 8-11% [1]. Also, we can see that both indicators are reactive. They triggered the buy signal 7000-8000 times a year. This means that stock trading is possible and manageable. This is even recommended for short-term trading as both indicators could easily alert the investor of an uptrend. However, we have also identified three indicators (highlighted in rose) which did not perform well in terms of profitability movx(c,10,w,c,100,w,3), movx(c,10,w,c,150,w,3) and movx(c,25,w,c,200,w,5)) [2]. These indicators, while having an average yearly profit, have one of the lowest, if not the lowest portfolio gains among all. We are of course not interested in indicators which do not yield a high portfolio gain for the investment. On a deeper note, it seems that group 1 in Table 1 is the group with highly profitable indicators compared to other groups. This group provides the highest gain, yearly profit and above average median signals per year compared to the last two groups. The best indicators for each of the statistic belong to such group. Thus, if we are looking for a profitable indicator, we should always look at the indicator with the shorter moving average (group 1 in Table 1). It may be best to show you the increase in portfolio one may expect from highly profitable indicators we have recommended so far. The image shows portfolio growth simulated using indicator movx(c,10,w,c,50,w,1) (one of the best performing indicator in terms of profitability) with 15% stop loss as buy signal for US stocks from 1983 to 2007. You can see that in a matter of 24 years, the stock value went from 94k USD to 700k USD or almost 7 times its initial value. This is a reasonable return for the investment. Risk Management See attached worksheet Table 2 shows moving average crossover indicators' performance in terms of risk management statistics It is of such importance for an investor to consider risk in arriving at a financial decision. Investment entails gain or loss depending on the reliability of one's technique and experience. This section will help the investor ascertain which indicators provide the most and least win-to-loss ratio as well as the "worst case scenario" in terms of possible losses. A correct appreciation therefore of indicator performance could save an investor from undertaking ventures which may not return profit as much as expected. If we are looking at risks, we should be interested first in measuring the likelihood of gain versus the likelihood of loss. This is shown by statistic Success Ratio (first column in Table 3). Technically, success here is where the stock price at the 15% stop loss sell point was above the buy price, and loss when the stop loss sell point was below the buy price. After determining the indicator which could provide more gain than loss, we also need to look at largest loss we can expect if we take the investment. This is maximum drawdown loss. It is simply the value of the portfolio after the largest string of losses assuming the investor acts according to the signals triggered. In other words, we need the indicator with a high success ratio because it is likely to gain which means safe investment for us. On the other hand, we are interested in the indicator with the lowest drawdown loss. For easy reference, the least risky indicators are in green (movx(c,25,w,c,200,w,1), movx(c,25,w,c,200,w,3,0) and movx(c,25,w,c,200,w,5)), while the risky indicators are in red. The least risky indicators gave us the one of the highest success ratios and the lowest drawdown losses. By using these indicators, you can expect a more steady return of profit compared to all other indicators in the list. The risky indicators, on the other hand, are those which gave lower success ratios and highest drawdown losses. These risky indicators could result to quite unstable return and high losses. Also, you will immediately notice how high the drawdown loss values are. Massive drawdowns like these suggest a risky market over a long historic period when investments are likely to lose a large portion of investment at some stage. This means that, using a moving average crossover alone is probably unwise. Some knowledge of market conditions would be quite helpful here. The image below shows yearly returns of US stocks from year 1983 to 2007 using indicator movx(c,10,w,c,50,w,1) with 15% stop loss as buy signal. The red line indicates the point where there is neither profit nor loss. Notice how the green line falls below the horizontal red line as much as it rises above it? This connotes that the stocks almost always have no returns as much as they profit. This suggests that there is just as much potential for wins as for losses during that period. Recommendations The moving average crossover is one of the most well-known technical analysis tools. It gives us an appreciation of the price direction of a stock. Knowing how and when to utilize an indicator such as the moving average crossover and what specific indicator to use fit for a particular trading purpose can delineate the line between potential gain or loss. This article, I hope, goes into some of the statistics of real-world performance of the moving average crossover. We have come to know which indicators suit what aspect and which indicators will not be much of a help. Thus to summarise we'll rate indicators according to overall performance. Table 3 below shows us which indicators are best for short-term, medium-term or long-term trading highlighted in green. From these simulations, I'd recommend indicator movx(c,10,w,c,50,w,1) for short-term trading. It performed ahead of the pack when it comes to profit and portfolio gain yet maintained an average success ratio and relatively high median signals per year value. It suits short term trading because it triggers buy signal more often and earlier. It reacts easily to price fluctuations. One downside is its high drawdown loss value but this only makes sense because the indicator only covers a very short period of time when there is yet no strong trend forming. On the other hand, two indicators proved useful to medium-term trading (movx(c,25,w,c,100,w,3) and movx(c,25,w,c,100,w,5)). These two performed remarkably in profitability statistics but still show one of the highest success ratios and one of the lowest drawdown loss values. As for long-term trading, one indicator seem to outperform the other long-term indicators in terms of both profit and risk (movx(c,25,w,c,150,w,5)). This indicator gave one of the lowest drawdown values we seek for in terms of long-term trading. Also, it has 42.94% win-to-loss ratio; one of the highest likelihood of gain compared to other indicators in the list. Overall, these four indicators topped the others. See attached worksheet MA Crossover.xls
  13. MA Ribbon Description: MA Ribbon cuts through the noise to display the strength of a trend The strength of the trend is shown via the difference between current bar's MA and the MA of X bars ago. (usually half of the MA length) When the trend strength is positive and increasing, the indicator will display an upward ribbon that is increasing in width. When the trend strength is subsiding, the ribbon narrows. Eventually when the market reverses, the ribbon will change color, then reverses direction. Note: This EasyLanguage indicator was written in MultiCharts. I have not tested it in other compatible programs. Please refer to your users manual for importation instructions. Your comments and rating of this indicator is appreciated. . MA_RIBBON_(MultiCharts).pla MA_Ribbon_(TS).txt
  14. This is the Market Statistics thread that some of you advanced traders have been waiting for. This is the "how to trade anywhere, anytime" thread otherwise called the "when not to trade thread", but not for NEWBIES. If you are a NEWBIE, back off and read the first ten threads on this topic starting [thread=1962]here[/thread]. One of the properties of most markets is the up and down motion that price action displays on virtually all time frames. Some traders call this the market volatility, others call it the natural market rotation. Newbie traders don't like this motion, because when they enter a trade they want the market to continue moving in their direction. Newbies fear volatility. Advanced traders love it. What ever you wish to call it, it is this motion that is tradeable. In the words of Nihabaashi, "To fear volatility is to fear profits". The main purpose of this thread will be to show how you can use market statistics to determine the most probable times when the market will rotate and when it will not. Once you know this, you can then enter a trade either in the same direction that the market is moving or take a contertrend trade in the opposite direction. If you have read the previous market statistics threads, you already know how to do this. Here I want to start to put this all together in terms of a generalized concept which I call HUP. HUP stands for Hold Up Prices. As the name implies, HUP are those prices where the price action tends to hold up, that is where the market slows down, pauses, then either reverses (read rotates) or continues in the same direction. There are two kinds of HUP, static and dynamic. Static HUP are those prices which are fixed for the day. They don't change with market development. In contrast dynamic HUP change as the day progresses. As new data is added, dynamic HUP will readjust to reflect the new data. Below are some examples of HUP that can be used in daily trading STATIC HUP Yesterdays High,Low,Close Overnight High,Low Any computations based on these such as classic pivot points DYNAMIC HUP Yesterdays PVP,VWAP and SD's 2 day PVP, VWAP and SD's 1 week(5day) PVP, VWAP and SD's 2 week PVP, VWAP and SD's 1 month(4 week) PVP, VWAP and SD's 2 month PVP, VWAP and SD's 1 year PVP, VWAP and SD's You can of course come up with other examples of HUP, such as previous bars highs and lows, or 2 day or longer static HUP, or dynamic HUP that are in between the ones I have listed. It really doesn't matter. More important is to realize that these HUP points are prices where the market will tend to hold up. What HUP doesn't tell you of course, is how long the market will hold up and/or how far it will continue in the same direction or if it reverses, how large the reversal will be. Getting the direction correct doesn't mean you can sit back and do nothing. You still have to manage the trade. In the video that follows you will see a 15 second chart with HUP lines drawn on it.. Green lines are SD's above a VWAP. Red lines are SD's below a VWAP. VWAP are dotted blue. PVP are purple lines Now watch this video to see where these HUP lines come from and how the market reacts to them. ER2HUPlinesOct24
  15. In this thread, Bearbull posted a neat little chart that is more appropriate here. The premise is simple... And the chart that followed the post: It's an interesting trading idea that I thought could get some life here. I'll invite Bearbull over to comment more. A few charts that caught my attention using the same idea: * IMO the yellow highlighted one above would be the primo setup - a pullback to the 20 EMA after a move and an immediate rejection. ================= Is there potential here for a very tradable system? Perhaps. Items to consider: * Entry is only part 1 of the equation, need an exit strategy. * This may or may not be an all day trading system. There needs to be some movement for this to be viable IMO. * Rules of entries could be flexible as some I have highlighted above or more strict like the one highlighted in yellow. * Chart timeframe can make a big difference as well - minute chart, tick charts, volume charts - all could be viable options here.
  16. i've read an article from John Ehler. which explains mathematical nature of the moving averages. he has described that how to calculate the lag of moving averages. SMA's lag is calculated by (N-1)/2. eg : 5 SMA = (5-1)/2 = 2 bar lag. WMA's lag is calculated by (N-1)/3. eg : 7 WMA = (7-1)/3 = 2 bar lag. so both are very similar on price chart. but what if you use 10 SMA? yes it's 4.5 bar lag. (10-1)/2 = 4.5 since stock charts are time series that proceeds one by one . (except P&F and renko etc). i don't feel comfortable with moving averages that has lag of point numbers like 10 SMA. though i don't have any evidence for it. just intuitively so i've collected some moving average periods that has lag of integer numbers. therefore i don't use 20 SMA anymore. hope this helps.
  17. Instantaneous TrendLine by John Ehlers Note: This indicator was written in EasyLanguage. Please refer to your users manual for importation instructions. Your comments and rating of this indicator is appreciated. Instantaneous TrendLine.txt
  18. a lot of negative writing is shown for moving average crossover. but i've had a fair degree of success using a combination of 18sma,20sma,3sma,5sma on a 15 minute emini s&p. wonder if anyone still uses them? seem to be most effective when they converge on a s/r level.thank you.figaro
  19. Hi all! I am new here on the forum (as you can see ), but anyway .... When reading through various forums (here, and other forums), there are quite a few posts regarding algo / quant strategies for stock trading. However, there are not much regarding algo / quant strategies for stock index futures. So, my question is what type of "popular" strategies for stock index futures there are, if any. I obviously do not ask what specific strategies anyone is using, but what types of strategies are being used and considered working good for stock index futures. Thanks! Niels
  20. This thread was mainly focused around the ES and other stock indexes, I'd like this thread to be about the same trading premise but on Forex. Just in case we get someone new to this thread, here's a quick review of the chart setup: 1) 5 Minute Candlestick Charts 2) 20 EMA (exponential moving average) 3) That's it. And the entry setup: 1) A pullback to the 20 EMA 2) A candlestick pattern* * candlestick pattern(s) to be used is up for debate. BearBull suggests using hammers and inverted hammers only; whereas I am open to most patterns. IMPORTANT CONSIDERATION: The idea presented here is a possible ENTRY idea. As discussed in a few threads here on TL, there are many, many different ways to exit a trade. WHY FOREX?: A few reasons: 1) I know very little about forex, so hopefully this thread could get some experienced forex traders chiming in about the markets and what to expect. I'll do my best to post some charts and we'll see how it looks. 2) It is said the forex can trend more than indexes, so maybe this entry system might work better than on the indexes (just a guess at this point). 3) I'm all about leveraging my time. If I can watch a couple indexes and a few currency pairs and trade where the primo setups are, that has my interest.
  21. Hi, An idea for a good RS patterns "scanner". If we could create an indicator that will show the gradient of the MA as a % it will be very helpful to see power trends or bases. If the gradient of the MA is near to 0% then we know that the stock is creating a base. If the gradient is near to 90% then is a super power trend. Negative gradient will indicate down trend. Any idea how to do it? Thanks
  22. This thread is about drawing an arrow on the chart. (MultiCharts enhanced EasyLanguage) Arw_New Displays an object, consisting of an up or a down arrow located at the specified bar and specified price value, on the chart that the study is based on; returns an object-specific ID number, required to modify the object. Usage Arw_New (BarDate, BarTime, PriceValue, Direction) Parameters BarDate - a numerical expression specifying the date of the bar at which the object is to be placed; the date is indicated in the YYYMMdd format, where YYY is the number of years since 1900, MM is the month, and dd is the day of the month BarTime - a numerical expression specifying the time of the bar at which the object is to be placed; the time is indicated in the 24-hour HHmm format, where 1300 = 1:00 PM PriceValue - a numerical expression specifying the price value (vertical position, corresponding to a value on the price scale of a chart), where the object is to be placed Direction - a logical expression specifying the direction of the arrow; True = Down and False = Up Example Place, on the chart that the study is based on, an up arrow at the top of a bar if the Open price has increased incrementally over the last three bars: If Open>Open[1] And Open[1]>Open[2] Then Value1 = Arw_New(Date, Time, High, False); ---------------------------------------------------------------------------- Arw_New_self Displays the arrow on the SubChart.
  23. Hello, I find myself always buying when the stock jumps and I get caught holding at a really high price. It limits my gains obviously or i have to take a loss on a sell off that hits my stop. When shorting, I find myself having the same problem. I short at the lows and have to cover for a loss. how can i fix this problem? need help. thank you!
  24. Moving Trend Based on William Rafter's article in 01/2003 issue of S&C magazine. This indicator belongs to the family of Zero Lag moving averages. It employs linear regression to detect trend changes; you will find this indicator fast and responsive, and is applicable in most popular trading time frames. An optional band is included. You can set it to invisible if you do not wish to see it. I would like to hear how you utilize this indicator in your analysis. p.s. you might also be interested in this Zero Lag indicator: Fisher Transform http://www.traderslaboratory.com/forums/f46/fisher-transform-6329.html note: This EasyLanguage indicator was written in MultiCharts. I have not tested it in TradeStation or other compatible programs. Please refer to your users manual for importation instructions. Translation to other platform is invited. Moving_Trend.txt Moving_Trend_(MultiCharts).pla
  25. Hi I found this very interesting tool for Ninjatrader. It's a mix of a vidya and a kind of so called cmo-momentum oscillator, which uses up and downticks - so far my understanding......... Someone may be able to convert this to EL ? Thanks a lot Jojo:helloooo: VMAZones_BigMike.zip
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