Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

wsam29

TTM/DDF Value Chart

Recommended Posts

For any indicator there will be people swearing by it and people saying it is junk. Asking if this is a useful addition, is like asking if a jetski is useful without knowing if you are living in the middle of the desert, or next to a lake. With other words, how useful it is is entirely dependent on the way you are trading and no one can answer that for you. You will just have to look for yourself if this is useful for you.

 

I see what you're saying, but that's why I asked specifically "has anyone found this useful" to let people who have found it useful chime in, rather than asking absolutely "so is it useful?"

Share this post


Link to post
Share on other sites
I see what you're saying, but that's why I asked specifically "has anyone found this useful" to let people who have found it useful chime in, rather than asking absolutely "so is it useful?"

 

Since the indicator exists, obviously someone has found it useful for something at some point.

 

If I tell you that I have found it useful in the past, how does this help you? Are you going to start using it now?

Share this post


Link to post
Share on other sites
Since the indicator exists, obviously someone has found it useful for something at some point.

 

If I tell you that I have found it useful in the past, how does this help you? Are you going to start using it now?

 

Nevermind...........

Share this post


Link to post
Share on other sites

I've spent quite a bit of time messing with bands, so at first glance this looked pretty interesting. Just for laughs I went ahead and did a quick and dirty plot to the price panel. Doesn't look so hot there, but it does make me scratch my chin a bit about the possibilities that this kind of "back handed" smoothing (i.e. plotting price over normalized bands, rather than the standard way.) may hold.

Vchartasbands.thumb.jpg.c3aca6072813e4f1989ec0c3125625ae.jpg

Share this post


Link to post
Share on other sites

I have watched this indicator for a few days now and am having difficulty seeing it utility. Repeated overbought/oversold signals give many false entries. Is anyone using the Value Chart indicator successfully and if so, how?

Share this post


Link to post
Share on other sites

I'm trying to get the alert to work on the value charts has anyone been successful with this. I have played with the settings in the format section and got nothing. i have also added a horizontal line and set an alert on that line but nothing. does anyone have any insight or luck setting alerts?

 

Using tradestation

 

thanks

 

gators

Share this post


Link to post
Share on other sites

Are there any special settings to get these to work (the ones available for free from the tradethemarket.com site)?

 

I have installed the ELD and also the workspaces per instructions.

 

TTM DDF Automatic works perfectly. However, The TTM DDF Value Chart never appears (although you can see it is inserted into the chart window). I have attached a chart.

 

Any help is appreciated.

5aa70ead6cb86_TTMDDFValue.GIF.ce6ac8b8a748315957d079b182e2ee2a.GIF

Share this post


Link to post
Share on other sites

Thanks all for posting the Value Chart indicator, particularly Blu Ray for his version with -/+8 alerts and bar color change.

 

Is there any way to create in TS the Price Action Profile histograms (or equivalent) that Helweg and Stendahl describe in their book as complementary to Value Charts?

 

Max

Share this post


Link to post
Share on other sites

No idea if you can do this in TradeStation, but if TS allows you to export the data then you can do this type of analysis in excel. See attached pic, this isn't Val charts, but you get the principle. If you google things like frequency, bin, histogram, standard deviation, excel then it's pretty easy to do.

 

Post back if you have any questions.

2009-02-28_1200.thumb.png.2bc5bb73b512510539887c9e7afe69ea.png

Share this post


Link to post
Share on other sites

I don't have TS so I've no idea if you can export data, I would have thought so though. If you can't do this then I could post a spreadsheet for the market and periodicity you're looking at if you post your findings here. I don't use Val charts but it might be useful for others.

Share this post


Link to post
Share on other sites

I'm not sure whether I really need Price Action Profiles, I was just asking so I could examine them if they were available. However thanks again altradelab for your kind offer.

Share this post


Link to post
Share on other sites

No problem. One thing to bear in mind is that if you are planning to use value charts or if you do already, esp intraday, then it might be interesting to look at the price action profiles i.e. "how often does a +/-8 reading actually occur on a certain timeframe". This might give you more or less confidence in taking the signal.

Just my 2c

Share this post


Link to post
Share on other sites

Yes - I guess I could also just eyeball back to the left and examine how VC signals work with the price chart. I suppose there's no reason why 7.5 might not be the critical level for a particular stock/future/whatever, and 8.25 for another.

Share this post


Link to post
Share on other sites
Here's the DDF and Value charts right from TTM. Enjoy.Value Charts calculations were actually freely given in Helwegs book and can be recreated in any programing language. I actually put them in Ninja as well just from the calc in the book.

could you send me the elds for ninja for the DDF and valuechart. Great post and keep up the good work for us non programmers.

 

Uncle MIke

Share this post


Link to post
Share on other sites

I was messing about with Value Charts on TS the other day. I discovered that if you change the NumBars value (Format/Inputs page in TS) from the default 5 to somewhere between 20 and 50, then set VHigh and Vlow (Format/Style page) to Histogram (default BarHigh and BarLow), you get something which behaves quite like a Squeeze indicator. Using a centre line cross as signal, it's rarely slower, and more often faster, than all the free posted Squeezes I've tried, but it appears consistently slower than the current commercial PBF Squeeze. It can sometimes also call tops and bottoms more accurately than the default 5 bar setting. See attached chart - the indicators are, top to bottom:

 

Squeeze - the fastest one I found posted on this forum.

 

Blu Ray's Value Chart posted on this forum (Thanks for that Blu Ray), in Histogram mode and 50 bar setting with +/- 8 alert set.

 

Blue Ray's Valu Chart in default 5 bar mode with +/- 8 value alert set.

 

Max

5aa70eb907063_5and50tickVCandSqueeze.thumb.jpg.8b13ffacdf66c438b94387df9d2108bd.jpg

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Be careful who you blame.   I can tell you one thing for sure.   Effective traders don’t blame others when things start to go wrong.   You can hang onto your tendency to play the victim, or the martyr… but if you want to achieve in trading, you have to be prepared to take responsibility.   People assign reasons to outcomes, whether based on internal or external factors.   When traders face losses, it's common for them to blame bad luck, poor advice, or other external factors, rather than reflecting on their own personal attributes like arrogance, fear, or greed.   This is a challenging lesson to grasp in your trading journey, but one that holds immense value.   This is called attribution theory. Taking responsibility for your actions is the key to improving your trading skills. Pause and ask yourself - What role did I play in my financial decisions?   After all, you were the one who listened to that source, and decided to act on that trade based on the rumour. Attributing results solely to external circumstances is what is known as having an ‘external locus of control’.   It's a concept coined by psychologist Julian Rotter in 1954. A trader with an external locus of control might say, "I made a profit because the markets are currently favourable."   Instead, strive to develop an "internal locus of control" and take ownership of your actions.   Assume that all trading results are within your realm of responsibility and actively seek ways to improve your own behaviour.   This is the fastest route to enhancing your trading abilities. A trader with an internal locus of control might proudly state, "My equity curve is rising because I am a disciplined trader who faithfully follows my trading plan." Author: Louise Bedford Source: https://www.tradinggame.com.au/
    • SELF IMPROVEMENT.   The whole self-help industry began when Dale Carnegie published How to Win Friends and Influence People in 1936. Then came other classics like Think And Grow Rich by Napoleon Hill, Awaken the Giant Within by Tony Robbins toward the end of the century.   Today, teaching people how to improve themselves is a business. A pure ruthless business where some people sell utter bullshit.   There are broke Instagrammers and YouTubers with literally no solid background teaching men how to be attractive to women, how to begin a start-up, how to become successful — most of these guys speaking nothing more than hollow motivational words and cliche stuff. They waste your time. Some of these people who present themselves as hugely successful also give talks and write books.   There are so many books on financial advice, self-improvement, love, etc and some people actually try to read them. They are a waste of time, mostly.   When you start reading a dozen books on finance you realize that they all say the same stuff.   You are not going to live forever in the learning phase. Don't procrastinate by reading bull-shit or the same good knowledge in 10 books. What we ought to do is choose wisely.   Yes. A good book can change your life, given you do what it asks you to do.   All the books I have named up to now are worthy of reading. Tim Ferriss, Simon Sinek, Robert Greene — these guys are worthy of reading. These guys teach what others don't. Their books are unique and actually, come from relevant and successful people.   When Richard Branson writes a book about entrepreneurship, go read it. Every line in that book is said by one of the greatest entrepreneurs of our time.   When a Chinese millionaire( he claims to be) Youtuber who releases a video titled “Why reading books keeps you broke” and a year later another one “My recommendation of books for grand success” you should be wise to tell him to jump from Victoria Falls.   These self-improvement gurus sell you delusions.   They say they have those little tricks that only they know that if you use, everything in your life will be perfect. Those little tricks. We are just “making of a to-do-list before sleeping” away from becoming the next Bill Gates.   There are no little tricks.   There is no success-mantra.   Self-improvement is a trap for 99% of the people. You can't do that unless you are very, very strong.   If you are looking for easy ways, you will only keep wasting your time forgetting that your time on this planet is limited, as alive humans that is.   Also, I feel that people who claim to read like a book a day or promote it are idiots. You retain nothing. When you do read a good book, you read slow, sometimes a whole paragraph, again and again, dwelling on it, trying to internalize its knowledge. You try to understand. You think. It takes time.   It's better to read a good book 10 times than 1000 stupid ones.   So be choosy. Read from the guys who actually know something, not some wannabe ‘influencers’.   Edit: Think And Grow Rich was written as a result of a project assigned to Napoleon Hill by Andrew Carnegie(the 2nd richest man in recent history). He was asked to study the most successful people on the planet and document which characteristics made them great. He did extensive work in studying hundreds of the most successful people of that time. The result was that little book.   Nowadays some people just study Instagram algorithms and think of themselves as a Dale Carnegie or Anthony Robbins. By Nupur Nishant, Quora Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • there is no avoiding loses to be honest, its just how the market is. you win some and hopefully more, but u do lose some. 
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
    • $CSCO Cisco Systems stock, nice top of range breakout, from Stocks to Watch at https://stockconsultant.com/?CSCOSEPN Septerna stock watch for a bottom breakout, good upside price gap
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.