sevensa

You already have the formula below? RSI = 100 – [100/1 +RS] RS = Average of n periods closes up/Average of n periods closes down. There isn't a basic formula. This is it. Try google if you don't understand what "Average of n periods closes up/Average of n periods closes down." means. You will find numerous examples on calculating RSI. (Probably something you should have done to begin with...)

I misread your original explanation of the indicator. The formula actually is: RSI(ROC(Close,1),3) Instead of using the closing price for the input to the RSI, you use the ROC value.

ROC(RSI(Close,3),1)

Rename v to something else.

Do you just want to predict when it is going to start, or do you also want to predict when it is going to end? That way, you will know when a trend will start and stop and will be hugely profitable.

You could very well be right, but don't you think you need a little more than looking at something occassionally before reaching conclusions?

No point in being concerned. What will happen, will happen. All you can do is to prepare and adapt if needed.

Well the error is obviously that at least one of your CloseData[num] values is 0. All I can suggest is to look at the actual charts for each of the datastreams and confirm that they all really have a 0832 bar and that the close value is not zero.

The market opens at 09:30 EST. Since TS based it's timestamps on the close of the bar, the first bar will have time past 0930. If you trade 5 minute bars, the fist bar will have a timestamp of 0935. So your if statement is never true and CloseData[num] is always 0. Change Mytime(0930) to MyTime(0935) in the case of 5 minute bars. If it is three minute bars, then change it to 0933, etc. Since this will be evaluated at the end of the first bar now, you want to know what the open of the first bar was to rebase, so your for loop should be: For Num = 1 to DataNum begin If time = MyTime then CloseData[num] = Open of data(num); // assign the start date close value end; Also, since you are in TX and in Central timezone, make sure your charts are not setup to run in Central Time. If so, then market opens at 0830 for you in TX when it is 0930 in NY.

uhm... Profitable: Profits > Losses + Expenses. It is grail. Not crail. Me, nothing. I am still trying to figure out what exactly you are looking for since you were the one who asked. First you wanted to know where to place stops for it. Now you say that you actually already use other things and have a trading plan already and that you just added it to your arsenal. Good luck in your trading whenever you figure out if you are scalping or not and where to take profits and place stops.

I guess this means then that the trade didn't work if you would have needed a 15 point stop and your stop is 3 points maximum? Yes. http://www.traderslaboratory.com/forums/6/one-time-framing-otf-2521-2.html#post46625 Sorry, but now I am getting confused. If you haven't figured out yet how to take profits, how do you know it backtested profitably? Just to confirm that I understand. The method you have outlined is not something you are profitable yet with real trading, but just something you have backtested (kind of)?

What does your trading plan say your stops should be and where you would trake profit? If you don't have this in your plan, how do you determine when a trade "works"? With wide enough stops, you can make pretty much any trade "work". You have said that you do scalping barely three weeks ago. Is the method you have outlined your current new mehtod of the last three weeks? Has this been profitable based on your trading plan?

Not sure where you get that from and my questions were in response to yours. Maybe you want to clarify yours to make it more clearer on what it is you are really looking for, if not a complete way of trading the indicator? Glad to hear you say that. In other threads you said that you are a daytrader and scalping the ES. Care to tell us how you do that? A new thread would probably be the best as this will not be relevant to this one. I am looking forward to read your comments there!

Not withstanding that the question was asked about 10 months ago, you think Tradestation is the way to go for international markets? Why do you say that? I thought Tradestation only supports the US markets?

So, you are looking for a complete system and trading plan on how to trade this indicator? Do you honestly think if someone has put the effort in which go into something like that out, they are just going to tell you? If you create a system and trading plan which deliver consistent profits, will you just post it on the internet for everyone to see and use?

Exactly. That includes Wyckoff disciples as Wyckoff is not the only way to trade as you would like newcomers to believe. This is just a method which works for you, but doesn't mean it will work for them. Just like VSA works for other people, but not for you.

To keep things simple, how about using three moving averages? Short, Medium, Long. When Short > Medium > Long: Downtrend When Short < Medium < Long: DownTrend When neither of the above is true: No Trend.

I find it annoying when people think their way is the only correct way and cannot pass up an opportunity to jab at any other methods they don't agree with and probably don't understand either. If you found something which work for you, then good for you, but this is no reason to constantly thrash other methods every chance you get. I really don't see the purpose of that. Yes, you are correct that there is a VSA thread for like minded people. Just as there also is a thread to thrash VSA all you want. (http://www.traderslaboratory.com/forums/f151/vsa-crock-or-not-3736.html) There is no need to constantly bring up your displeasure with VSA in your posts. Since you know so much about what is going on at the Tradeguider seminars and about their DVD's and videos, apparently you have spent a lot of money and time learning VSA and were not successful with it otherwise you would not constantly jab at it. Just because you are not successful with a method, does not make it a bad method. Tradeguider have to make VSA sound more complicated than it is, otherwise they have nothing to sell. That goes for pretty much any vendor.

You are confusing VSA, the methodology with Tradeguider, the vendor. If a vendor come out to market Wyckoff more aggressively and add their twist to it with new jargon, will you also conclude then that Wyckoff is complicated? Actually, it sounds like SMI already has done that. Does this mean Wyckoff is not as simple as you make it sound if SMI felt the need to additional information to the original material?

Oh, so you don't actually just want some coding help, you also want someone to give you a definition for uptrend/downtrend and then code it for you?

What is your definition of an uptrend, downtrend and trendless market?

I wouldn't. If you have lots of PC's and you really want to save time, then maybe, but not for two. SP3 is about 300MB to download and took far less than an hour to install. If you are going to buy XP with SP3 already included, you will have to buy one for each computer you want to install it on since you cannot install it on more than one computer. If you download SP3, you can kick it off on both computers at the same time and be pretty much done within an hour. Unless an hour of your time is worth more than two copies of XP, this is probably not worth buying it. I am not really sure what a pre-installation kit is.

Please review the Tradestation Tutorials to learn how to use Tradestation. You can find them here: https://www.tradestation.com/support/default.aspx

Thanks. I think I have a vague idea of what you are saying, but it sounds more like a trading methodology than a way to pick a time frame to trade on. In fact, it sounds like the time frame is irrelevant. With all due respect and I am not trying to sound sarcastic, or launch some kind of attack as this is not my intend at all, but when you said in your initial post "There actually is a much simpler analytic approach in determining what time frame you should use for trading.", I didn't expect someone will need to read 12 threads with 1000's of post to understand this simpler way of determining the time frame. After all, Suri outlined his approach in one post. In the end, I think this is just another case of "for each their own". I appreciate your insights and input on determining the trading time frame and thank you for it, but I think I will pass.

Sorry, I guess TS doesn't like // characters to comment out lines and you have to include the text between {} if you want to comment the lines out. Glad you got it working though.