metalhead

I just found this thread. Are you looking for Inverse Fisher Transform applied to Stochastics?

looks like the code is given on that website if you click the numbers on the left? http://www.9trading.com/afl.php?afl=001 //****** Copyright 9Trading.com ****** TOP=(WMA(High,21) * 1.05); BOTTOM=(WMA(Low,21) * 0.969); BMA=MA(Close,118); RESIS=(WMA(High,21) * 1.05); RSV=(((Close - LLV(Low,13)) / (HHV(High,13) - LLV(Low,13))) * 100); K=WMA(RSV,3); D=WMA(K,3); J=((3 * K) - (2 * D)); RSV12=(((Close - LLV(Low,34)) / (HHV(High,34) - LLV(Low,34))) * 100); K12=WMA(RSV12,3); D12=WMA(K12,3); J12=((3 * K12) - (2 * D12)); RSV24=(((Close - LLV(Low,55)) / (HHV(High,55) - LLV(Low,55))) * 100); K24=WMA(RSV24,3); D24=WMA(K24,3); J24=((3 * K24) - (2 * D24)); SUPPORT=IIf(Cross(J,J24),Low,Ref(Low,-BarsSince(Cross(J,J24)))); RESLE=IIf(Cross(J24,J),High,Ref(High,-BarsSince(Cross(J24,J)))); Plot(RESLE,"RES",7,1); U2L=IIf((Close >= MA(Close,20)),80,50); L2L=IIf((Close >= MA(Close,20)),50,20); RH1=IIf(((J < U2L) AND (Ref(J,-1) >= U2L)),HHV(Ref(High,-1),(BarsSince(((J >= U2L) AND (Ref(J,1) <U2L))) - 1)),Ref(HHV(Ref(High,-1),(BarsSince(((J >= U2L) AND (Ref(J,1) < U2L))) - 1)),BarsSince(((J < U2L) AND Ref(J,1))))); RH4=IIf((High > RH1),Low,Ref(Low,-BarsSince((High > RH1)))); RH42=IIf((High > RH1),J,Ref(J,-BarsSince((High > RH1)))); RH5=IIf((((High > RH4) AND (J < RH42)) AND (J < J24)),High, Ref(High,-BarsSince((((High > RH4) AND (J< RH42)) AND (J < J24))))); RL1=IIf(((J > L2L) AND (Ref(J,-1) <= L2L)),LLV(Ref(Low,-1),(BarsSince(((J <= L2L) AND (Ref(J,1) > L2L))) - 1)),Ref(LLV(Ref(Low,1),-(BarsSince(((J <= L2L) AND (Ref(J,-1) > L2L))) - 1)),BarsSince(((J > L2L) AND Ref(J,-1))))); RL4=IIf((Low < RL1),High,Ref(High,-BarsSince((Low < RL1)))); RL42=IIf((Low < RL1),J,Ref(J,-BarsSince((Low < RL1)))); RL5=IIf((((Low < RL4) AND (J > RL42)) AND (J > J24)),Low,Ref(Low,-BarsSince((((Low < RL4) AND (J > RL42)) AND (J > J24))))); UPTREND=MA(Close,3); AA5=MA(Close,5); AA10=MA(Close,8); AA12=MA(Close,12); MA13=MA(Close,13); BB10=((atan((AA10 - Ref(AA10,-1))) * 3.1416) * 10); BB12=((atan((AA12 - Ref(AA12,-1))) * 3.1416) * 10); barcolor2= IIf( (AA12<=AA10) AND (BB12>=1) AND (BB10>=1), 8,IIf((AA12 >= AA10) AND (BB10 <= 1) AND (BB10 <= 1), 4, 3)); PlotOHLC( AA10,AA12,AA10,AA12, "BAND " + Name(), barcolor2, styleCandle );

Trading with only horizontal lines is cool except for two problems: 1. If price chops around you horizontal line you lose 2. You need specific exit criteria. The hard part of trading is not entering; it's exiting. Charts look great after the fact, but when you enter at .00, .25, .50, .75, or wherever, do you know ahead of time if it will be a little choppy trend or a massive huge trend? No. And without knowing that or having a statistically advantageous algorithm by which to exit those trades, you will lose money over time. To be perfectly honest, I'm surprised this thread is still open

if you examine carefully their screenshots that they post, the yellow bar doesn't always appear. Sometimes the bars just change from blue to red or vice versa.

Thanks for the replies. Apparently I misinterpreted the original series of threads. I thought it was a specific defined trading system. Oops! :doh::crap:

SierraChart. Oops i have to extend my message to at least 20 characters.

I'm hoping this thread will help me better understand the "Trading with Market Statistics" threads. In Part III we learned: Long Entry: Price> VWAP > PVP Short Entry: Price < VWAP < PVP In Part IV, we learned that Newbie takes trades at the VWAP in the direction of the skew mentioned in part III (so in accordance with the Price/VWAP/PVP rules we learned). This is where I get confused. When I look over my charts, it seems like this doesn't work quite often. Consider the following chart. Also, I'm aware that I could be misinterpreting a lot of this, so please tell me if my comments on the chart are wrong. Light blue line = VWAP Orangle line = historical PVP Blue dashed lines = VWAP SD Like I said I'm still a noob at this, I just haven't been able to make it profitable so I figured I'd ask what I'm doing wrong. Thanks. Everything prior to this point is referencing the first attached pic. edit - weird... I made another reply but they got merged... twice. So... let me at least edit it so it makes sense... Question 2: am I correct in assuming that it's best to do nothing when price doesn't line up in your favor, such as when price is below PVP but VWAP is above PVP? This question is referencing the second attached pic. (also, note the two circled areas... wouldn't these have been long entries as defined in Part III? they all failed) Thanks.

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

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?"

Hey, just found this thread from a link over at SierraChart forums. Has anyone been using this indicator successfully? Do you think it's a useful addition or is it one of those "omg this is the holy grail... j/k it's mostly just hype" like the Squeeze?

Cool vid. The audio went out the first time I watched it but I just rewound a bit and it worked. It took me a sec to realize your time axis don't match, tho... i was like "why is he comparing TICK back there to price way over there. What? ... Ohhhh!!!!!" lol

Hi, I just found this thread. I'm not sure I understand how this indicator is supposed to be used. I understand how the data is derived, but how does on use it? Thanks.

I watched a few of his vids and they were both charts that were marked after the fact. Looks like a stochastic at the bottom that he cherry picks good signals from after the fact... Is that indicator any good?

So they're the same as Bollinger Bands then?

why can't we ask what they are?

Ooh, a SC indicator! We need more of these

The "BB Squeeze" deals with whether Bollinger Bands are inside or outside of Keltner Channels, and the histogram represents this value (or something like that). The PBF Squeeze is entirely different and supposedly doesn't use BBands or Kchannels at all, and has some code designed to color it based on the trend. I have found that a TRIX with a setting of 4-6 seems to match the PBF Squeeze histogram quite well. Sometimes 4 works, sometimes 5 works, and sometimes 6 works. So I don't think PBF Squeeze is TRIX, because of the fact that sometimes you have to change your TRIX settings. Have a look and compare them, tho. It's close.

screenshot?

So is this Holy Grail indicator going to be useless when it's really choppy, just like almost everything else?

how does one import an easy language indicator into OEC? I must be in idiot mode right now because I've read their documentation 3 times now and I still don't get it.

Wait, which indicator is this that is based on the MACD?

^ Seriously. Plus PBF's HG is like 6 indicators in one. So that's a lot of work. I think someone did offer to pay (half jokingly) in another thread.

holy crap they posted pics of their Holy Grail indicator!

That's what I thought based on my backtesting.

Wow! Here's the best I could do in that same time period (6/4 YM 1 min). I'm very impressed by how smooth both of those are. There's three in this pic: the light blue was my attempt at smoothing the thin pink one. The other thin pink one was another smooth attempt but it wasn't good. Those up there are very, very smooth.