[Tradewinds]

I now have an indicator that incorporates all of my other indicators. It is mostly object oriented code in EasyLanguage. It will automatically exit and re-enter a trade with confirmation. A pop up comes up asking whether to send the trade or not. So if the program goes wild, it won't enter hundreds of orders a minute non-stop.

It's not fully automated. It's mostly for exiting from the direction I've chosen to trade. What I like about it is that it executes very fast, and catches my conditions faster than I might be able to detect them myself. Sometimes it actually reacts to fast and chooses a worse price than I could have otherwise gotten. But I'm more likely to get filled.

That indicator is now over 2000 lines long. Probably 80 percent of my effort was put into filtering out multiple orders and making sure the program would stop or abort before it went into an endless loop of entering non-stop orders.

Now I want to program my own confirmation dialog that will confirm an entry, but allow an automatic exit.

[Tradewinds]

I've been experimenting with Share Bar based charts for short term day trading, and have decided on a 2000 share bar. I'm using a 1 minute chart and a 2000 share bar chart. The price levels on the 2000 share bar chart are often more obvious than on the 1 minute chart. And sometimes the price levels are different, but I think they are more accurate on the 2000 share bar chart. The 2000 share bar chart will show price stalling at a certain previous level, forming multiple bars, then either continuing or reversing. But the point is, that it is clearly shown that more than the normal amount of bars are being formed at a price level, meaning that the market is hanging out at that level while orders accumulate in one direction or another before the next price move.

A 2000 share bar chart will make multiple bars in one minute if there is a lot of activity. A one minute chart will only show a bar every minute, regardless of how much volume there is in that minute. So a share bar chart will show the price constantly hitting a level, then moving away, and going back to exactly the same price on multiple bars within that minute time frame.

The chart shows price hitting a previous level right at a peak signal. The net volume is higher compared to the last price level.

The price continues through the previous level and goes higher. The big red dots on the indicator show possible price peaks. The other dots show pre-peak signals, or a signal that price is going to move up from a bottom. It depends on the circumstances. A pre-peak signal occurring when the price low is sitting on support means that price is going to go up, not that it is peaking.

A peak signal occurring when the high is right at a previous resistance, is tricky because the price could surge to another level. So there are 3 basic situations.

1) Peak signal when price is over last resistance. Good place to exit.
2) Peak signal when price low is sitting on previous support. Wait for price to go up.
3) Peak signal when price is hitting previous resistance, look for divergences and info from other indicators to determine trend strength.