epiktetos

More thoughts on the Ticks Issue and an improvement suggested by a TS user TS uses the following rules when assigning a tick to the reserved word UpTicks:An uptick is a tick whose price is higher than that of the previous tick of a different price. Thus, if tick 1 occurs at a given price, tick 2 occurs at a higher price, and tick 3 occurs at the same price as tick 2, both tick 2 and tick 3 are counted as upticks. Here is an improvement that will only count an up tick if the tick > last tick and a down tick if a tick < last tick. If you find that the TS definitions for the reserved words Up/DownTicks is not to your liking you may want to try these functions in place of the reserved words. Up_Ticks Function // Up_Ticks Function vars: IntraBarPersist Last_Tick ( 0 ) , IntraBarPersist MyCurrentBar ( 0 ) , IntraBarPersist Count ( 0 ) ; if GetAppInfo( aiRealTimeCalc ) = 1 then { real-time tick - not on bar in history } begin if CurrentBar > MyCurrentBar then begin Up_Ticks = 0 ; Count = 0 ; end ; if Close > Last_Tick then Count = Count + UpTicks ; Last_Tick = Close ; MyCurrentBar = CurrentBar ; end ; Up_Ticks = Count ; // Dn_Ticks Function vars: IntraBarPersist Last_Tick ( 0 ) , IntraBarPersist MyCurrentBar ( 0 ) , IntraBarPersist Count ( 0 ) ; if GetAppInfo( aiRealTimeCalc ) = 1 then { real-time tick - not on bar in history } begin if CurrentBar > MyCurrentBar then begin Dn_Ticks = 0 ; Count = 0 ; end ; if Close < Last_Tick then Count = Count + DownTicks ; Last_Tick = Close ; MyCurrentBar = CurrentBar ; end ; Dn_Ticks = Count ;

Excellent! Fantastic News!

"You'll start out with the best of intentions, but you probably won't be able to buck human nature. And even if you do succeed in holding conscientiously to your long-swing basis all the way through, it will be so difficult that you won't have much fun in doing it."Richard Schabacker "The first rule of trading---there are probably many first rules--is don't get caught in a situation in which you can lose a great deal of money for reasons you don't understand" Bruce Kovner "October. This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February." Mark Twain Eccl. 1: 9:"The thing that hath been, it is that which shall be;and that which is done, is that which shall be done:and there is no new thing under the sun." A young basketball player is fascinated with The Shot. He doesn’t think about the footwork he needs to get to the shot. He’s not aware of position on the court or even body position in the constant tactical encounters at each end of the court.Neither is the young player aware of the substitution pattern, game pace, or matchups except as he faces them momentarily on the court or while sitting on the bench. The game plan is completely subordinate to hitting the shot and not getting beaten to the hoop.It is the same in trading. - John Sweeney “Unless you completely discard all news, reports, tips, corporate statements, crop situations and other types of news-you will be unable to get the best results from your market operation." Wyckoff "Everything is about when people are caught.We want to focus on getting people caught.When you know they want to get out, beat them to the door, that is the game!" Mark Fisher "Market is there to screw the most amount of people in the least amount of time!"- Mark Fisher "Forget about winning and losing; forget about pride and pain. Let your opponent graze your skin and you smash into his flesh; let him smash into your flesh and you fracture his bones; let him fracture your bones and you take his life. Do not be concerned with escaping safely - lay your life before him." - Bruce Lee The bad news is that, in our opinion, we will never find the philosopher’s stone. The good news is that we can fake it. —Parnas and Clements

It is treated fairly comprehensively in Miner's book "Dynamic Trading".

Theme from The Good, The Bad And The Ugly http://upload.wikimedia.org/wikipedia/en/9/9e/Ennio_Morricone-The_Good%2C_The_Bad_And_The_Ugly.ogg

Anybody can buy and sell - James C. Powers Man with hole in pocket feel cocky all day - Confucious “If you know anything about the stock I am trading . . . please do not tell me.” - Baruch If you traded according to your plan then there are no "extra points" to be had. - Kiwi Trader You will always be your worst enemy in futures trading, not your luck, not other traders, not unexpected news events and not the "markets." But this is actually more good news. Because you cannot do anything about luck, other traders, the news or market behavior; but you can do a great deal about yourself. - Chick Goslin “I convinced myself that whatever was wrong was wrong with me and not with the market.” - Livermore "Your money isn't gone, it's just in the hands of other people now." - Egbert Prior "... the psychological profiling of a programmer ( trader ) is mostly the ability to shift levels of abstraction, from low level to high level. To see something in the small and to see something in the large." - Donald Kruth

"look you guys, do not get intellectual in these markets, JUST TRADE THEM...........IF you guys were not bond traders you would be driving a truck" --- William Simon

That reminds me of the first lines in Stanley Bing's book "100 Bullshit Jobs…And How to Get Them" To my dad, a college professor and a very learned man, who carried in his wallet a business card that he would present only to those who offered theirs. In the middle of the card was his name in fine, raised type. And underneath, where the personal information should have been, was the simple statement:“I’m something of a bullshit artist myself.”

TRADING STYLE: Daytrading, EOD Daily and Weekly TIMEFRAMES: Multiple FAV MARKET: ER2 TRADING PLATFORM: Tradestation and Neoticker ( Getting used to it ) BROKER: IB TRADING TOOLS: Market Profile, Internals and Bid/Ask Analysis for daytrading. Bar Patterns and econometric tools for EOD FAV SETUPS: the PULLBACK! BEST TRADING ADVICE: "Be aware of background information so that when you do make mistakes, they will be minor ones from which you can recover. Don't trade absolutes." and 'Know where value is"

Can't find one, cooter. But there is one here - PresentationPro - PowerCONVERTER XP

Here is the link to the transcript, might need registration if you are not already registered https://www.lbrgroup.com/index.asp?page=GuestLecture_JimDalton_04172007

Hi Milind eSignal provides realtime data for both Indian Exchanges Symbol Lookup Rgds epik

Thanks a bunch Antonio

Thanks Antonio for your reply

Antonio Thanks for your excellent indicator and explanation. Wanted to know if its possible to draw the Composite Profile with the indicator you provided? And is it possible to limit the no. of days for which the profile is displayed? Thanks Again.. Epik