walterw

"Enjoy your work" walterw

yes dove, the centerline changes color as the bb gets inside or outside keltner, showing market phases... dont take this indicator alone, wont be effective just by itself... its a good indicator to understand market climate (just that)... cheers Walter.

Superb trading Soul ¡¡ , want to ask what are your settings (filter) for the heavier right hand tape.... very nice stuff here Soul, learning very powerfull strategy here cheers Walter.

Pivot : the histogram on the bottom is forex volume ? and what is the histogram on the top ? thanks Walter.

Slab I noticed colors where wrong side, here I atach new one with colors corrected, just reinstall.... cheers Walter. Stochastic Colby.ELD

Glad to help Slab ¡¡

ok dovee, you have to create a function with the exact name : Standarddev then paste this: { Standard Deviation of Population or Sample } inputs: Price( numericseries ), Length( numericsimple ), DataType( numericsimple ) ; { pass in 1 if you are working with the entire population, and 2 if you are working with a sample and want the SD for the population } Value1 = VariancePS( Price, Length, DataType ) ; if Value1 > 0 then StandardDev = SquareRoot( Value1 ) else StandardDev = 0 ; { ** Copyright © 1991-2003 TradeStation Technologies, Inc. All rights reserved. ** ** TradeStation reserves the right to modify or overwrite this analysis technique with each release. ** } then verify function.... after that go open and an verify again _bbsqueeze indicator... try it if again error tel me maybe need more functions. cheers Walter

Ok Slab, you want to take a look to this one.... the shades, in this case will be with color and thikness on the overbougth/sold lines.... wich is the relationship between close and ema... you can change that setting on ema if you want... hope it helps, cheers Walter. Stochastic Colby.ELD

Slab : can you post a picture of it so I can tell you what can be done for TS... actually TS doesnt have a background plotting feature but it does have a series of diferent alternatives to plot "colors" on an indicator.... cheers Walter

do you refer to the background with that shaded area ?

Dovee you will have to create an indicator ( name it : _BB Squeeze )and paste this formula, then verify it... try if it works, if it doesnt please tell me.. you may need some functions... should work... cheers Walter. [LegacyColorValue = true]; {@@14439@@} {04/05/2006} //Updated by TradingDude, fixed "division by zero error" {02/16/2005} {Updated by Redlock} { Well, I have been working in this indicator. I have made a couple of changes: (1) that if the momentum changes direction, it changes color. (2) I have taken out the plotting of the alertline (3) have the dots plotted along the axis (4) Have changed the name of the indicator to BBSqueeze (cuts down on confusion). I think that you will find that it resembles what is on the TTM indicator.} {------------------------------------------------------------------} {mmillar, 05/12/2005 For anyone interested I made a small change to the indicator(s) above. I found that the indicator displayed fine for ES, YM etc but screwed up for FX - this is due to the number of decimal places used by the symbol. I just added a multiplier so the indicator is normalised across all symbols. Add the following lines... Vars: LHMult(0); if ( barnumber=1 ) then Begin LHMult=pricescale/minmove; end; And modify the following line so that it includes the LHMult variable... Plot3(value2*LHMult, "NickmNxtMove", color); } { Bolinger Band Squeeze (BBS) Indicator } { A variation of an idea by nickm001 (Originally coded by eKam) that when Bollinger Bands (BB) fit inside the Keltner Channel (KC), a breakout is about to occur. It works on longer term charts, such as 15 minute to daily charts. This code creates an indicator that plots the ratio of BB width to KC width. When BB and KC widths are the same, the ratio (BBS_Ind)is equal to one (1). When the BB width is less than the KC Width (i.e. BB fit inside KC), the BBS_Ind is less than one and a breakout is indicated. An Alert Line is provided to indicate the level at which the trader considers that the "sqeeze is on" and a breakout is eminant. Coded by Kahuna 9/10/2003 Added by eKam: 9/10/2003 The average of where price has been relative to the Donchian mid line and Exponential average of the same length is also plotted as an attempt to predict the direction of the breakout. Added 2/1/2005 For decreasing Delta bar....darker colors to highlight the change.} Inputs: {------------------------------------------------} Price(Close), Length(20), { Length for Average True Range (ATR) & Std. Deviation (SD) Calcs } nK(1.5), { Keltner Channel ATRs from Average } nBB(2), { Bollinger Band Std. Devs. from Average } AlertLine( 1 ), { BBS_Index level at which to issue alerts } NormalColor( Red ), { Normal color for BBS_Ind } AlertlColor( Blue ); { Color for BBS_Ind below alert line } Variables: {---------------------------------------------} ATR(0), { Average True Range } SDev(0), { Standard Deviation } BBS_Ind(0), { Bollinger Band Squeeze Indicator } alertTextID(-1), Denom(0), LHMult(0); if ( barnumber=1 ) then Begin If minmove <> 0 then LHMult = pricescale/minmove; end; if barnumber = 1 and alertTextID = -1 then alertTextID = Text_New(date,time,0,"dummy"); {-- Calculate BB Squeeze Indicator ----------------------} ATR = AvgTrueRange(Length); SDev = StandardDev(Price, Length, 1); Denom = (nK*ATR); If Denom <> 0 then BBS_Ind = (nBB * SDev) /Denom; If BBS_Ind < Alertline then SetPlotColor(1, NormalColor) else SetPlotColor(1, AlertlColor); {-- Plot the Index & Alert Line -------------------------} Plot1(0, "BBS_Ind"); {-- Plot delta of price from Donchian mid line ----------} value2 = LinearRegValue(price-((Highest(H, Length)+Lowest(L, Length))/2 + xAverage(c,Length))/2,Length,0); var:color(0); color = yellow; if value2 > 0 then if value2 > value2[1] then color = green else color = darkgreen; if value2 < 0 then if value2 < value2[1] then color = red else color = darkred; Plot3(value2*LHMult, "NickmNxtMove", color); {plot3(value2,"BB Squeeze",color);} {-- Issue Alert when the Squeeze is On ------------------} if BBS_Ind crosses below AlertLine and Text_GetTime(alertTextID) <> time then begin text_setLocation(alertTextID, date, time, 0); Alert("Check for Squeeze Setups on " + SymbolName); end; {-- Issue Alert when the Squeeze Releases ---------------} if BBS_Ind crosses above AlertLine and Text_GetTime(alertTextID) <> time then begin text_setLocation(alertTextID, date, time, 0); Alert("Squeeze is Over on " + SymbolName); end; if BBS_Ind crosses below AlertLine then SetPlotColor(1, Green);

I want to formally apologize for using the word "foolish", it wasnt on the spirit of my post to be unrespectfull to anyone.... lol

Well thats new for me, sounds very proffessional jejejej.....

King, Stops should be placed in relation to price action (pivots) and not a fixed value... same is true for profits, price action should tell you when the move is over and not a pre fixed target... fixed targets its like spoiled kid that wants something (candy).... markets dont give some times what you want... market has a dynamic you want to simply follow... I here a lot here on TL about 10 12 points targets on YM.... thats some how pretty foolish, because some times you will get a 30 move and you leave money on the table... and some times market made a nice 8 point move and you didnt get it and waited to get mowed with - 10 -12.... price action is the best way you can manage a trade in terms of stop/trail.... if the market wants to give you a lot of profit he will give you, if he doesnt want to give you much profit... want give you... now never forget this : RRR = live or die.... cheers Walter

Excellent entry on that trade King, you know it could had been a succesfull trade anyway... if the market had taken that low you would have had a super down move... my positive critic to you is on stop placement, why do you use the same profit target as your stop level +-12 points... in this case when you took your trade at 12740 and things started to go on your way you had a clear pivot formed at 12740 a 2 point violation of that pivot at 12742 would had tell you that trend was not good and you would had taken a 2 points stop changing your RRR from 1:1 to 6:1... you see price action there clearly told you when that 12740 pivot was breaken that the trade was over.... no need to wait for a 12 point stop.... you want to reconsider that, remember that if you want to trade with a 1:1 RRR then you obligatory need at least a +60 % performance on good trades... thats statistically dificult... now if you have at least a 2:1 RRR then you can ease a little more your performance and be more relaxed.... that RRR has to be implemented as to my understanding on your stop placement taking into acaount the inmediat pivot prior to your entry... cheers Walter.

It sounds like you took the break itself... ? :rolleyes:

Soul this is a classsic coil break, they dont happen every day, but when you thought things where so sleepy and boring suddenly BUMM ¡¡ coil break ¡¡ you can notice the multiple retesting of this levels its what makes the bracket... the difference between false breaks and real ones is the velocity of the break... other key is that price once broke, doesnt get back in coil, it may test previous resitance (now support) but not break in again... that makes the pattern very powerfull... cheers Walter.

Robert : Must admit it is a very nice indicators pack... not all indicators from this pack are that usefull, but I find pretty interesting the "OBV 2", the "trend Friend" and the "market trend 2" they are very nice indeed... I know this thread is about KISS.... I must admit on my experience and being an indicator trader. that if an indicator its correctly used and not considered 100% king it can help you KISS.... cheers Walter. and Robert thanks again for this collaboration...

Soul : I dont use a pre-fixed level to bracket the coil , the coil forms when you have at least two equal highs and two equal lows forming a rectangle... there is no fixed time to consider getting in, when it breaks wich is a very strong event you start considering a posible trade after a pullback that will not re enter the coil.... maybe I can show more examples on a thread I did start on this... (gota trade now) cheers Walter.

Thanks Robert ¡¡¡ they are quite a few ¡¡ question: in the case of this "swing hi lo" do they change on you or are they what you see... thanks Robert cheers Walter.

Thanks so much Nick ¡¡ It looks very good , will study and make you some feedbacks... would be nice to interact the usage... thanks again ¡¡ cheers Walter.

Slab : I am also interested on your method... please tell us how it works, looks very nice ¡¡ cheers Walter.

Robert : I personally like your chart... is there any chance you can share that "$NT swing hi & lo" indicator eld ? I would love to have it , it looks very clean... thanks cheers Walter.

Nick : I like that "XCAP Polycicle " indicator you got there, is it possible to share ?... cheers Walter.

I like this thread ¡¡ it takes a great topic that I also have in common with Soul, I have a good statistical performance on the morning session... not that good on the afternoon.... Soul : I started doing this on the afternoon: Coil Breaks and believe me they work pretty good... it takes lots of patience... specially when you are used to trade on the morning energetic mood of the market, the tactic I use is taking the continuation of the break and not the break itself, because there are also a lot of false breaks... also I only pay attention to "big and long coils".... I attach concept.... cheers Walter. Afternoon Coil Breaks.xls