Tams

"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement: and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." The Life of Reason (1905-1906) by George Santayana

You write very well, but you should understand what you read before writing.

do a search for "pivot" on this board, you will see a lot of different codes already posted.

don't be a hero

screen time is important, only if you can learn from your observation. otherwise it is just going through the motion... ie. wasting time.

if you draw enough lines on your chart, one of them is going to stick... and you can can call it support/resistance/pivot... or whatever you will.

FOMC Minutes Highlights The minutes of the Fed's March 15 policy meeting show moderate disagreement regarding quantitative easing but not from what has already been broadcast in recent public speeches. The bottom line is that the Fed is not likely to change QE2 but is starting to think about its exit strategy from a very loose monetary policy. Timing will depend on incoming data. Again, there is some moderate disagreement on quantitative easing. A few FOMC participants believed policy might need to be tightened later this year with QE2 being cut short. A few others believed that "exceptional accommodation" might be needed beyond 2011. Some doubted the benefits of QE2 but believed it not appropriate to change the announced plan for QE2. Overall, the FOMC sees the recovery as gaining traction. "Participants' judgment that the recovery was gaining traction reflected both the incoming economic indicators and information received from business contacts." But there are increased risks seen coming from higher commodity prices, turmoil in North Africa and the Middle East, and the problems in Japan. Most see higher commodity prices as having a transitory effect and inflation expectations appear to be stable for now. But inflation expectations have taken on a bigger role in policy debate as implied in the minutes. "However, a significant increase in longer-term inflation expectations could contribute to excessive wage and price inflation, which would be costly to eradicate. Accordingly, participants considered it important to pay close attention to the evolution not only of headline and core inflation but also of inflation expectations." The Board's staff economists revised down their GDP forecast for 2011 but not by much. "The pace of economic activity appeared to have been a little slower around the turn of the year than the staff had anticipated at the time of the January FOMC meeting, and the near-term forecast for growth of real gross domestic product (GDP) was revised down modestly. However, the outlook for economic activity over the medium term was broadly similar to the projection prepared for the January FOMC meeting. Changes to the conditioning assumptions underlying the staff projection were mostly small and offsetting: Crude oil prices had risen sharply and federal fiscal policy seemed likely to be marginally more restrictive than the staff had judged in January, but these negative factors were counterbalanced by higher household net worth and a slightly lower foreign exchange value of the dollar. As a result, as in the January forecast, real GDP was expected to rise at a moderate pace over 2011 and 2012, supported by accommodative monetary policy, increasing credit availability, and greater household and business confidence. Reflecting the recent labor market data, the projection for the unemployment rate was lower throughout the forecast period than in the staff's January forecast, but the jobless rate was still expected to decline slowly and to remain elevated at the end of 2012." "The staff revised up its projection for consumer price inflation in the near term, largely because of the recent increases in the prices of energy and food. However, in light of the projected persistence of slack in labor and product markets and the anticipated stability in long-term inflation expectations, the increase in inflation was expected to be mostly transitory if oil and other commodity prices did not rise significantly further. As a result, the forecast for consumer price inflation over the medium run was little changed relative to that prepared for the January meeting." Net, the minutes were mostly as expected and had little market impact. Economic Calendar - Bloomberg

Tuesday Apr 5 FOMC Minutes 2:00 PM ET

how do you read this indicator?

while we are at it... for MultiCharts users:

a fitting song for the day -- April Fool's day. [ame=http://www.youtube.com/watch?v=bdQ6o9Aig9o]YouTube - Barbara Streisand & Barry Gibb "What Kind Of Fool"[/ame]

can you add volume to those drawings?

have you read the manual on how to use "barssinceexit" ?

do you have a chart sample?

one simple rule to profitable trading... just don't argue with the market.

not exactly equivolume... but a step in that direction: for MultiCharts and EasyLanguage programs: Volume Weighed Color Bars http://www.traderslaboratory.com/forums/f46/volume-weighed-color-bars-5709.html 192.107

Thank you to all the single poster endorsements... single post = scam alert !

try currency futures if you want to see volume activity. some traders use future volume as a proxy.

not that there is no volume in forex trading, I should have said, most banks/brokers/dealers do not report volume in their datafeed.

.......... forex has no volume

good, I will put you on ignore. Have a nice attitude.

you must be from the old school... 50 years ago... when computer resources were scarce... RAM were expensive, even main frame computers have limited memory onboard. the computer scientists circumvent the limitation by offloading portions of the codes into functions, and call them only when needed. many things have changed since the good old days. not only the computers have more memory, the computer language compilation has changed as well. when you load an indicator into the computer, the codes are compiled on the fly... all the components -- the main body, the functions, etc., are all merged into one, and the whole thing is resided in the memory. and they execute as a unit. now I am not saying coding a snippet in the main body is always the same as a snippet in a function. The code is structured differently, so the behavior and effect will be different. but the difference is not due to delay in "calling" a function. ps. "cross" is a built-in keyword, not a function.

ok, you have level 2. Please tell us how did you use it to avoid the bad fills?

observe the following: 1. how many contracts are traded per minute? 2. what is the min/max spread between bid and ask? 3. what is the volatility vs spread? (google it if you don't know how to calculate volatility)

what is more harsh? my direct take no-excuse words? or when the broker swoops in to extract money from your account? if you are looking for comfy words, from me or anyone else, for ignorant mistakes you are in the wrong place. everyone makes stupid mistakes, but in this internet age, there is no excuse to be ignorant. you have to do your basic leg work. you could have saved yourself a lot of anger by doing some due diligence. I have already told you, i am not giving you the third degree, if you can't even handle this, you have to ask yourself, why ask the question in the first place ???? you could have used google and get a better answer.