nasdaq5048

Uninstall and re-install the new version or old version? So does it work with the latest version? If not, i wont be upgrading it.

Thank you Antonio, is very kind of you for the help. I am no computer literate as you can tell. I just learn EL all by myself through the forums.

Thanks, i got it now. I ran into this problem which the tailsexist function count the last bar as tail too. So, if they close on the high of the day of the last bar, the function count it as selling tail. I tried to modify the function but no luck. I add 2 variables hi, lo on the tailexist function if time = 1615 then hi = high; if time = 1600 then lo = low; and change if NumTPOs[index] = 1 and NumTPOs[index+1] = 1 and lowd(0) <> lo then begin TailsFound = 1; end; if NumTPOs[index] = 1 and NumTPOs[index-1] = 1 then begin if TailsFound = 1 and highd(0) <> hi then TailsFound = 3 else TailsFound = 2; end; It doesnt seems to work. It still sees the last bar as a tail. I am just trying to ignore the tail if the high is made on the last bar or the low is made on the last bar. But no luck at all.

Thanks a lot a lot. That really helps. One question. Whether there is a tail is the variable tailsfound right? How come when i try to plot it using plot1, it doesnt show a value? I am trying to use this on a radarscreen and see how many tails there were. So, i am trying to return a value if a tail exist. So, i tried plot1(tailsfound,"Tail"); in the bottom of the code, and nothing shows up.

Antonio, I am trying to write a EL to identify a tail on a 30 min chart on easylanguage. I cant seem to get started. Could you please help me a little bit on that? I dont know how to use array. Do you need array? Thank you!

The a-value is 22% of the average of the average true range of the past 10 days with some more weight in the front. I used to use a 15 min range on the S&P, and sometimes the A Up is where it stall. So, it could be used as a failed A trade. Also, Fisher says 3.5/5 A's in the S&P doesnt work. Too much back and filling for stock indicies. But for stuff that trend, and yoyo all over the place, this thing can capture some good move without taking profits too early.

It depends on the market. It depends on your time horizon. It doesnt really matter what timeframe you use. Fisher likes to use 20 min for stocks, and 5 min for grains and true opening range for energies. I just view the A as the Initial balance high, and B as the opposite end of the initial balance. But, one thing is for sure, late day pt C reversal works really well in energies. I am not sure whether it is because 60% of the locals on the NYMEX know to a certain degree about ACD or what. But, it works great.

I think the reason we have this kind of buying is due to the dude who was forced to liquidate his posisiton on globex, which traded up to 1399 on sunday night. In hindsight, he cant cover all his shorts on sunday, the liquididity just isnt there. He covers the minimum, and covers the rest at the day session

Totally useless. Knee-jerk reaction in the after the release and the market will contiune its original trend (at least for the bonds). Counter reaction in the direction of the major auction against a resistance is usually pretty safe except non-farm.

What's a %Trend? How do u get that number? I mean what's the logic behind it? Is it your propiotary indicator?

I have found Dalton and Steidlmayer disagree on this topic. On page 164 of Steidlmayer on Markets ( I have the 2nd edition), Steidlmayer said after a trend day the market has a great probability of moving sideway or retrace. He even suggest taking profit on the position after a trend day. A initiative trend day got to have the 3-I charateristics. Any thoughts?