Robert2617

The best times I've ever had I can't remember.

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I think it does apply. It's just that a pattern day trader will have more money and margin to cover the trades.

TradeStation requires $30,000. With TS (and stocks), if you have 4 round trips in any 5 day period, they will classify you as a pattern day trader and request the additional funds to equal $30K. Until you send them the money, they will only let you sell what you own and you cannot buy anything else. Again with TS, if you fund your acct with the minimum, $5,000, you are only allowed 3.5 round trips in any 5 day period. As far as the "T3" rule, it doesn't come into play as much with TS because the minimum non-pattern acct will have a margin equal to the acct balance. The T3 rule goes like this: Buy X and use all your funds and sell it the same day. You can buy Y with the funds you have coming, the same day, but you cannot sell it until the funds actually clear, three days later. In other words you could be stuck for 3 days holding a stock even if it is going down. T3 Rule and Pattern Day Trading rules are two different sets of rules. On the other hand, trading Futures does not have either rule. You can trade as much as you can stand because everything is settled that day. The catch is that you have to have a seperate stand alone acct to trade Futures. The minimum Futures acct with TS is $5,000. So if you wanted to trade both, with the minimum, you will need $10,000. This is my understanding.

Here are a couple screens. With and without trend enabled.

I think a point that is worth mentioning is finding the best volume per candle to trade upon, for your trading style. Most of you guys are trading the YM where Joe can say to Bob, "Look at the X vol candles". I'm trading stocks. The volume can vary a lot. Have too small of a volume candle and get burned. Have a too big of a volume candle and miss many trades. For stocks, I actually think you need to watch for a day or two or figure out that an average volume of X = a candle volume Y and set it to that. One particular volume setting does not work for for all stocks. I know this may seem elementary to some but I had to learn this the hard way switching from time to volume.

TS 8.2 v3863. I think there is one newer version but that was for MS Vista, I'm pretty sure.

Well, now it is totally customizable! Great job! This one should make some money and be in use for a long time. I'm going to give it a whirl tomorrow. rick, did you ever get yours fixed?

I was afraid you were going to say that. I've read the forum topics on the volaccum candles; I've seen them and they are not like the equivolume candles. It's like a poor attempt to create them.

What are the Equivolume candles in TS called? How do you get them started? I'd like to see them in action.

I think he is talking about the candles that get fat. TS has volume based candles but Ensign has the ones that get fat on volume. September 2006 Trading Tips Newsletter

Can you post a screenshot of your desktop? The indicator is working properly for me.

Excellent. You said PriceLength is used to determine the moving average for the trend. May be a dumb question but how does that work? Does this mean we can adjust the sensitivity, i.e. when the trend bars change color? I was looking at a few volume "share bar" candle charts with this indicator. It appears to be working correctly with those too. Also I was thinking that your above explanation would be good to include inside the eld. Maybe a little credit for yourself too. Nothing wrong with putting your name on your work.

GCB, just so I understand how to use this correctly, the winner of the up/down volume battle gets the candle. And... if the winner won the candle overwhelmingly, the color is darker. Light color for a close call. Is that correct? I think I like it better without the trend. You have done a great job with this. Two thumbs up!

Your trading platform should have a toggle button. TS's toggle is at the top right.

You have had a great idea... Thanks! I wonder if there would be a way to show the volume like a thermometer on each candle? If you could use up volume on all candles but show it like water in a drinking glass? The difference would be down volume. That would be special.

I notice you have arrows pointing to the volume bars. It looks very confusing to me because on some red candles that you have marked there are high vol spikes and some are low vol spikes. I can see somewhat of a trend in the volume, almost mirror image of the price but it appears very difficult to read. What in the volume spikes tells you what should happen next with price? And not to get off topic too much but I was wondering why so many appear to prefer short trades as opposed to long?

I do see your point. I really am enjoying this thread. Looking at the same things but in a new way. Analyzing things to see their relationships. I don't think there is a right or wrong, it's what works best for any particular person. For me, I would rather have a lot of volume and a lot of candles to trade that volume. During the day I'm not really looking at time. I'm on alert for volume, trying to ride the wave. If I'm getting candles, I'm getting volume and know it immediately. I guess I see it as humans have a natural sense of time but no natural sense of volume. That's the inn and the yoh of it!

Walter, the indicator you just posted works great. It seems to be excellent for reviewing old charts.

You guys are the experts but I think the purpose of volume candles is to take the guess work out of volume on your trading decisions and boost the power of the candle formations. Since the volume is in the candles, it is already taken into consideration. You get more trading signals from volume based candles because you get more candles when you get more volume. Not true with time based candles. With time intervals you get X number of candles no matter what the volume is and you don't know what precise emphrance to put on the candle formations. Everything I have read says volume moves price not time. If you have two exactly the same candle patterns in front of you, one based on volume and one based on time. Which would you trust more? For me, the volume one because I would know exactly how much trading it represents. Basically it puts the "tape" on the chart.

I am sort of a computer geek and have used home routers for more than ten years. I have found that for me, Linksys is the best. I have four computers currently setup on my home LAN. Two wired and two wireless. The wireless is reliable when within range but not as reliable as being wired. Routers are cheep and easy to setup. You should have no problem at all. Here is a decent link: WPA Wireless Security for Home Networks

I totally agree that the goal is to learn to identify and understand the patterns without a program telling you what to do. However, using the program or indicator to help you learn I think is good. Think of it as training wheels. One day when it becomes clear, you take the training wheels away. That is a beautiful day. It is like learning to read a new language, then tossing out the translator. You said yourself that you have some problems seeing "inverted hammers", maybe the program or indicator can or can be adjusted to find those for you. Maybe being program assisted is not that bad. The fellow that wrote this and many indicators said his goal was to try to get to a place where he didn't have to even look at a chart at all. He said he was tired of squiggly lines. The reason I mention this is because TS's RadarScreen won't use volume based intervals. This CPR indicator may not match the chart. It may be useless anyway. I'm not switching back to time intervals. I think that would be going backwards.

Here ia a Candle Pattern Recognition TradeStation RadarScreen Indicator. Good ol Rumpled one. [LegacyColorValue = true]; {_SMAA_Dynamic_CPR - CandleStick Pattern Recognition } {Programmer: Avery T. Horton, Jr. aka TheRumpledOne} { http://www.stockcharts.com/education/ChartAnalysis/CandlestickDictionary.htm } { http://www.litwick.com/glossary.html } Inputs: iDecimals(2), iOpen(open), iHigh(high), iLow(low), iClose(close); inputs: Length( 1 ), Factor( 2 ), Percent( 5 ) ; variables: o3WhiteSoldiers( 0 ), o3BlackCrows( 0 ) ; variables: oBullishHarami( 0 ), oBearishHarami( 0 ) ; variables: oPiercingLine( 0 ), oDarkCloud( 0 ) ; variables: oMorningStar( 0 ), oEveningStar( 0 ) ; variables: oMorningDojiStar( 0 ), oEveningDojiStar( 0 ) ; variables: xTriggerTime1(time), xTriggerTime2(time), xTriggerTime3(time), xPeriods(60), xInterval(0), sFirstPass(true), xMRO( 0 ), xIndMin( 0 ), xIndAvg( 0 ), xInd(0), tInd(""), FG1(white), BG1(black), fg2(white), bg2(black), fg3(white), bg3(black), fg4(white), bg4(black), vdummy(""); {commentary variables} variables: xcomm(0), oComm1( "" ), oComm2( "" ), oComm3( "" ), oComm4( "" ), oComm5( "" ), oComm6( "" ), oComm7( "" ), oComm8( "" ), oComm9( "" ), oComm10( "" ); {candle variables} variables: xOpen(0), xOpen1(0), xOpen2(0), xOpen3(0), xClose(0), xClose1(0), xClose2(0), xClose3(0), xHigh(0), xHigh1(0), xHigh2(0), xHigh3(0), xLow(0), xLow1(0), xLow2(0), xLow3(0), xTop(0), xTop1(0), xTop2(0), xTop3(0), xBottom(0), xBottom1(0), xBottom2(0), xBottom3(0), xMid(0), xMid1(0), xMid2(0), xMid3(0), xTopShadow(0), xTopShadow1(0), xTopShadow2(0), xTopShadow3(0), xBottomShadow(0), xBottomShadow1(0), xBottomShadow2(0), xBottomShadow3(0), xBodySize(0), xBodySize1(0), xBodySize2(0), xBodySize3(0), xBodyAvg(0), xBodyAvg1(0), xBodyAvg2(0), xBodyAvg3(0), t1DayPattern("DOJI"), t2DayPattern("DOJI"), t3DayPattern("DOJI"), sFound1Day(false), sFound2Day(false), sFound3Day(false), xcdummy(""); {first time through} if sFirstPass then begin sFirstPass = false; {bar test} If bartype = 4 then xInterval = 94 else If bartype = 3 then xInterval = 93 else If bartype = 2 then xInterval = 92 else If bartype = 1 then begin xInterval = BarInterval; end; { If bartype = 1 } end; {if sFirstPass} { INITIALIZE } tInd = ""; t1DayPattern = "" ; sFound1Day = false ; t2DayPattern = "" ; sFound2Day = false ; t3DayPattern = "" ; sFound3Day = false ; FG1 = WHITE; BG1 = BLACK; fg2 = WHITE; bg2 = BLACK; fg3 = WHITE; bg3 = BLACK; fg4 = WHITE; bg4 = BLACK; xOpen = iOpen; xOpen1 = xOpen[1]; xOpen2 = xOpen[2]; xOpen3 = xOpen[3]; xClose = iClose; xClose1 = xClose[1]; xClose2 = xClose[2]; xClose3 = xClose[3]; xHigh = iHigh; xHigh1 = xHigh[1]; xHigh2 = xHigh[2]; xHigh3 = xHigh[3]; xLow = iLow; xLow1 = xLow[1]; xLow2 = xLow[2]; xLow3 = xLow[3]; xTop = maxlist( xOpen , xClose ); xBottom = minlist( xOpen , xClose ); xMid = ( xHigh - xLow ) * 0.5 + xLow ; xTop1 = maxlist( xOpen1 , xClose1 ); xBottom1 = minlist( xOpen1 , xClose1 ); xMid1 = ( xHigh1 - xLow1 ) * 0.5 + xLow1 ; xTop2 = maxlist( xOpen2 , xClose2 ); xBottom2 = minlist( xOpen2 , xClose2 ); xMid2 = ( xHigh2 - xLow2 ) * 0.5 + xLow2 ; xTop3 = maxlist( xOpen3 , xClose3 ); xBottom3 = minlist( xOpen3 , xClose3 ); xMid3 = ( xHigh3 - xLow3 ) * 0.5 + xLow3 ; xTopShadow = xHigh - xTop ; xTopShadow1 = xHigh1 - xTop1 ; xTopShadow2 = xHigh2 - xTop2 ; xTopShadow3 = xHigh3 - xTop3 ; xBottomShadow = xClose - xLow ; xBottomShadow1 = xClose1 - xLow1 ; xBottomShadow2 = xClose2 - xLow2 ; xBottomShadow3 = xClose3 - xLow3 ; xBodySize = xTop - xBottom ; xBodySize1 = xTop1 - xBottom1 ; xBodySize2 = xTop2 - xBottom2 ; xBodySize3 = xTop3 - xBottom3 ; {IF xBodySize > xBodyAvg THEN LONG CANDLE } xBodyAvg = XAverage( xBodySize , Length ) ; xBodyAvg1 = XAverage( xBodySize , Length ) ; xBodyAvg2 = XAverage( xBodySize , Length ) ; xBodyAvg3 = XAverage( xBodySize , Length ) ; {-----------------------------} { One day pattern recognition } {-----------------------------} {Gravestone Doji set{body_top,max(open,close)} set{body_bottom,min(open,close)} show stocks where body_top is less than .05 percent above body_bottom and body_bottom equals low and body_top more than .5 percent below high } If sFound1Day = false and xOpen = xLow and xClose = xLow and xHigh > xLow then begin xTriggerTime1 = Time; fg1 = white; bg1 = BLACK; tInd = tInd + " 1:Neutral" ; t1DayPattern = "Gravestone Doji" ; sFound1Day = true ; end; { Dragon Fly Doji set{body_top,max(open,close)} set{body_bottom,min(open,close)} show stocks where body_top is less than .05 percent above body_bottom and body_top equals high and body_bottom more than .5 percent above low } If sFound1Day = false and xTop = xBottom and xTop = xHigh and xHigh > xLow then begin xTriggerTime1 = Time; fg1 = white; bg1 = BLACK; tInd = tInd + " 1:Neutral" ; t1DayPattern = "Dragon Fly Doji" ; sFound1Day = true ; end; {DOJI close = open} If xClose = xOpen then begin fg1 = cyan; bg1 = BLACK; end; { "Inverted Hammer" } If sFound1Day = false and xClose = xLow and xHigh > xOpen and xClose < xOpen then begin xTriggerTime1 = Time; fg1 = green; bg1 = BLACK; tInd = tInd + " 1:Bullish" ; t1DayPattern = "Inverted Hammer" ; sFound1Day = true ; end; { Hammer set{body_bottom,min(open,close)} set{body_top,max(open,close)} set{lshadowsize, body_bottom - low} set{tshadowsize, high - body_top} set{body_size, body_top - body_bottom} set{body_size2, body_size * 2} show stocks where tshadowsize is less than 0.001 and lshadowsize > body_size2 and close decreasing for the last 3 days and body_top < close 1 day ago } If sFound1Day = false and xClose = xHigh and xBottomShadow > (xBodySize * 2) and xClose < xClose1 and xClose1 < xClose2 and xClose2 < xClose3 and xTop < xClose1 then begin xTriggerTime1 = Time; fg1 = green; bg1 = BLACK; tInd = tInd + " 1:Bullish" ; t1DayPattern = "Hammer" ; sFound1Day = true ; end; { "Hanging Man" } {set{body_bottom,min(open,close)} set{body_top,max(open,close)} set{lshadowsize, body_bottom - low} set{tshadowsize, high - body_top} set{body_size, body_top - body_bottom} set{body_size2, body_size * 2} show stocks where tshadowsize is less than 0.001 and lshadowsize > body_size2 } If sFound1Day = false and xHigh = xTop and xBottomShadow > (xBodySize * 2) then begin xTriggerTime1 = Time; fg1 = red; bg1 = BLACK; tInd = tInd + " 1:Bearish" ; t1DayPattern = "Hanging Man" ; sFound1Day = true ; end; { Marubozo SHOULD BE LAST OF THE ONE DAY PATTERNS } { Marubozo A candlestick with no shadow extending from the body at either the open, the close or at both. The name means close-cropped or close-cut in Japanese, though other interpretations refer to it as Bald or Shaven Head. } If sFound1Day = false then begin if xOpen = xHigh or xOpen = xLow or xClose = xHigh or xClose = xLow then begin xTriggerTime1 = Time; fg1 = white; bg1 = BLACK; tInd = tInd + " 1:Neutral" ; t1DayPattern = "Marubozo" ; sFound1Day = true ; end; end; // If sFound1Day = false {-----------------------------} { two day pattern recognition } {-----------------------------} {"Engulfing" } If sFound2Day = false and xTop > xTop1 and xBottom < xBottom1 then begin xTriggerTime2 = Time; fg2 = white; bg2 = BLACK; tInd = tInd + " 2:Neutral" ; t2DayPattern = "Engulfing" ; sFound2Day = true ; end; {Bearish Kicking show stocks where body_top equals high and body_bottom equals low and body_top 1 day ago equals high 1 day ago and body_bottom 1 day ago equals low 1 day ago and body_top more than .5 percent above body_bottom and body_top 1 day ago more than .5 percent above body_bottom 1 day ago and close below open and close 1 day ago above open 1 day ago and open equals open 1 day ago } If sFound2Day = false and xTop = xHigh and xBottom = xLow and xTop1 = xHigh1 and xBottom1 = xLow1 and xTop1 > ( xBottom1 + ( xBottom1 * .005) ) and xClose < xOpen and xClose1 > xOpen1 and xOpen = xOpen1 then begin xTriggerTime2 = Time; fg2 = red; bg2 = BLACK; tInd = tInd + " 2:Bearish" ; t2DayPattern = "Bearish Kicking" ; sFound2Day = true ; end; {Bullish Kicking Pattern set{body_bottom,min(open,close)} set{body_top,max(open,close)} show stocks where body_top equals high and body_bottom equals low and body_top 1 day ago equals high 1 day ago and body_bottom 1 day ago equals low 1 day ago and body_top more than .5 percent above body_bottom and body_top 1 day ago more than .5 percent above body_bottom 1 day ago and close above open and close 1 day ago below open 1 day ago and open equals open 1 day ago } If sFound2Day = false and xTop = xHigh and xBottom = xLow and xTop1 = xHigh1 and xBottom1 = xLow1 and xTop > ( (xBottom + xBottom * .005) ) and xTop1 > ( (xBottom1 + xBottom1 * .005) ) and xClose > xOpen and xClose1 < xOpen1 and xOpen = xOpen1 then begin xTriggerTime2 = Time; fg2 = green; bg2 = BLACK; tInd = tInd + " 2:Bullish" ; t2DayPattern = "Bullish Kicking" ; sFound2Day = true ; end; { Harami } If sFound2Day = false then begin Value1 = C_BullHar_BearHar( Length, oBullishHarami, oBearishHarami ) ; if oBullishHarami = 1 then begin xTriggerTime2 = Time; fg2 = green; bg2 = BLACK; tInd = tInd + " 2:Bullish " ; t2DayPattern = "BullishHarami" ; sFound2Day = true ; end else if oBearishHarami = 1 then begin xTriggerTime2 = Time; fg2 = red; bg2 = BLACK; tInd = tInd + " 2:Bearish " ; t2DayPattern = "BearishHarami" ; sFound2Day = true ; end ; end ; // If sFound2Day = false { PierceLine_DkCloud } If sFound2Day = false then begin Value1 = C_PierceLine_DkCloud( Length, oPiercingLine, oDarkCloud ) ; if oPiercingLine = 1 then begin xTriggerTime2 = Time; fg2 = green; bg2 = BLACK; tInd = tInd + " 2:Bullish " ; t2DayPattern = "PiercingLine" ; sFound2Day = true ; end else if oDarkCloud = 1 then begin xTriggerTime2 = Time; fg2 = red; bg2 = BLACK; tInd = tInd + " 2:Bearish " ; t2DayPattern = "DarkCloud" ; sFound2Day = true ; end ; end ; // If sFound2Day = false { ShootingStar } If sFound2Day = false then begin if C_ShootingStar( Length, Factor ) = 1 then begin xTriggerTime2 = Time; fg2 = green; bg2 = BLACK; tInd = tInd + " 2:Bearish " ; t2DayPattern = "Shooting Star" ; sFound2Day = true ; end ; end ; // If sFound2Day = false {-------------------------------} { three day pattern recognition } {-------------------------------} { { "Evening Star" } If sFound3Day = false and xClose2 > xOpen2 and xOpen1 > xClose2 and xClose<> xOpen and xClose < xMid2 then begin xTriggerTime3 = Time; fg3 = red; bg3 = BLACK; t3DayPattern = "Evening Star" ; sFound3Day = true ; tInd = tInd + " 3:Bearish" ; end; } {Shooting Star - bearish set{body_bottom,min(open,close)} set{body_top,max(open,close)} set{lshadowsize, body_bottom - low} set{tshadowsize, high - body_top} set{tshadowsize2, tshadowsize * 2} set{body_size, body_top - body_bottom} show stocks where lshadowsize is less than 0.001 and tshadowsize2 > body_size and close increasing for the last 3 days and body_bottom > close 1 day ago } If sFound3Day = false and xOpen = xLow and (xTopShadow * 2) > xBodySize and xClose > xClose1 and xClose1 > xClose2 and xClose2 > xClose3 and xBottom > xClose1 then begin xTriggerTime3 = Time; fg3 = red; bg3 = BLACK; t3DayPattern = "Shooting Star" ; sFound3Day = true ; tInd = tInd + " 3:Bearish" ; end; {inverted hammer set{body_bottom,min(open,close)} set{body_top,max(open,close)} set{lshadowsize, body_bottom - low} set{tshadowsize, high - body_top} set{body_size, body_top - body_bottom} set{body_size2, body_size * 2} show stocks where lshadowsize is less than 0.001 and tshadowsize > body_size2 and close decreasing for the last 3 days and body_top < close 1 day ago } If sFound3Day = false and xClose = xLow and xTopShadow > (xBodySize * 2) and xClose < xClose1 and xClose1 < xClose2 and xClose2 < xClose3 and xTop < xClose1 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish" ; t3DayPattern = "Inverted Hammer" ; sFound3Day = true ; end; {Bearish Engulfing set{body_bottom,min(open,close)} set{body_top,max(open,close)} show stocks where body_top above body_top 1 day ago and body_bottom below body_bottom 1 day ago and close below open and open 1 day ago below close 1 day ago and close 1 days ago increasing for the last 3 days } If sFound3Day = false and xTop > xTop1 and xBottom < xBottom1 and xClose < xOpen and xClose1 > xClose2 and xClose2 > xClose3 then begin xTriggerTime3 = Time; fg3 = red; bg3 = BLACK; tInd = tInd + " 3:Bearish " ; t3DayPattern = "Bearish Engulfing" ; sFound3Day = true ; end; {Bullish Engulfing set{body_bottom,min(open,close)} set{body_top,max(open,close)} show stocks where body_top above body_top 1 day ago and body_bottom below body_bottom 1 day ago and close above open and open 1 day ago above close 1 day ago and close 1 days ago decreasing for the last 3 days } If sFound3Day = false and xTop > xTop1 and xBottom < xBottom1 and xClose > xOpen and xOpen1 > xClose1 and xClose1 < xClose2 and xClose2 < xClose3 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish " ; t3DayPattern = "Bullish Engulfing" ; sFound3Day = true ; end; {3WhSolds_3BlkCrows} If sFound3Day = false then begin Value1 = C_3WhSolds_3BlkCrows( Length, Percent, o3WhiteSoldiers, o3BlackCrows ) ; if o3WhiteSoldiers = 1 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish " ; t3DayPattern = "3WhiteSoldiers"; sFound3Day = true ; end else if o3BlackCrows = 1 then begin xTriggerTime3 = Time; fg3 = red; bg3 = BLACK; tInd = tInd + " 3:Bearish " ; t3DayPattern = "3BlackCrows"; sFound3Day = true ; end ; end ; // If sFound3Day = false { C_MornStar_EveStar } If sFound3Day = false then begin Value1 = C_MornStar_EveStar( Length, oMorningStar, oEveningStar ) ; if oMorningStar = 1 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish " ; t3DayPattern = "Morning Star"; sFound3Day = true ; end else if oEveningStar = 1 then begin xTriggerTime3 = Time; fg3 = red; bg3 = BLACK; tInd = tInd + " 3:Bearish " ; t3DayPattern = "Evening Star"; sFound3Day = true ; end ; end ; // If sFound3Day = false { C_MornDoji_EveDoji } If sFound3Day = false then begin Value1 = C_MornDoji_EveDoji( Length, Percent, oMorningDojiStar, oEveningDojiStar ) ; if oMorningDojiStar = 1 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish " ; t3DayPattern = "Morning Doji Star"; sFound3Day = true ; end else if oEveningDojiStar = 1 then begin xTriggerTime3 = Time; fg3 = red; bg3 = BLACK; tInd = tInd + " 3:Bearish " ; t3DayPattern = "Evening Doji Star"; sFound3Day = true ; end ; end ; // If sFound3Day = false { Stick Sandwich A bullish reversal pattern with two black bodies surrounding a white body. The closing prices of the two black bodies must be equal. A support prices is apparent and the opportunity for prices to reverse is quite good. } If sFound3Day = false then begin if xClose2 < xOpen2 and xClose1 > xOpen1 and xClose2 > xOpen and xClose = xClose2 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish " ; t3DayPattern = "Stick Sandwich"; sFound3Day = true ; end; end ; // If sFound3Day = false { Abandoned Baby Bullish A rare reversal pattern characterized by a gap followed by a Doji, which is then followed by another gap in the opposite direction. The shadows on the Doji must completely gap below or above the shadows of the first and third day. } If sFound3Day = false then begin if xLow2 > xHigh1 and xClose1 = xOpen1 and xLow > xHigh1 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bullish " ; t3DayPattern = "Abandoned Baby"; sFound3Day = true ; end; end ; // If sFound3Day = false { Abandoned Baby Bearish How to Identify it First day is usually a long white day Second day is a doji that gaps in the direction of the previous trend The third day is a black day, gapping in the opposite direction, with no overlapping shadows } If sFound3Day = false then begin IF xBodySize2 > xBodyAvg2 and xClose1 = xOpen1 and xLow1 > xHigh2 and xClose < xOpen and xHigh < xLow1 then begin xTriggerTime3 = Time; fg3 = green; bg3 = BLACK; tInd = tInd + " 3:Bearish " ; t3DayPattern = "Abandoned Baby"; sFound3Day = true ; end; end ; // If sFound3Day = false { Downside Tasuki Gap A continuation pattern with a long black body followed by another black body that has gapped below the first one. The third day is white and opens within the body of the second day, then closes in the gap between the first two days, but does not close the gap. } If sFound3Day = false then begin IF xBodySize2 > xBodyAvg2 and xClose2 < xOpen2 and xBodySize1 > xBodyAvg1 and xClose1 < xOpen1 and xHigh1 < xLow2 and xClose > xOpen and xOpen > xClose1 and xOpen < xOpen1 and xClose > xHigh1 and xClose < xLow2 then begin xTriggerTime3 = Time; fg3 = yellow; bg3 = BLACK; tInd = tInd + " 3:Continuation " ; t3DayPattern = "Downside Tasuki Gap"; sFound3Day = true ; end; end ; // If sFound3Day = false {Upside Tasuki Gap A continuation pattern with a long white body followed by another white body that has gapped above the first one. The third day is black and opens within the body of the second day, then closes in the gap between the first two days, but does not close the gap. } If sFound3Day = false then begin IF xBodySize2 > xBodyAvg2 and xClose2 > xOpen2 and xBodySize1 > xBodyAvg1 and xClose1 > xOpen1 and xLow1 > xHigh2 and xClose < xOpen and xOpen > xOpen1 and xOpen < xClose1 and xClose < xLow1 and xClose > xHigh2 then begin xTriggerTime3 = Time; fg3 = yellow; bg3 = BLACK; tInd = tInd + " 3:Continuation " ; t3DayPattern = "Upside Tasuki Gap"; sFound3Day = true ; end; end ; // If sFound3Day = false { plots } If t1DayPattern <> "" then begin Plot1( NumToStr(xTriggerTime1,0) + " " + t1DayPattern, "1Bar Pattern", fg1 ) ; SetPlotBGColor( 1, bg1); end; If t2DayPattern <> "" then begin Plot2( NumToStr(xTriggerTime2,0) + " " + t2DayPattern, "2Bar Pattern" , fg2 ) ; SetPlotBGColor( 2, bg2); end; If t3DayPattern <> "" then begin Plot3( NumToStr(xTriggerTime3,0) + " " + t3DayPattern, "3Bar Pattern" , fg3 ) ; SetPlotBGColor( 3, bg3); end; Plot4( tInd, "Message", fg4 ) ; SetPlotBGColor( 4, bg4); xComm = _fCommentary(oComm1, oComm2, oComm3, oComm4, oComm5, oComm6, oComm7, oComm8, oComm9, oComm10); CommentaryCl(oComm1 ); CommentaryCl(oComm2 ); CommentaryCl(oComm3 ); CommentaryCl(oComm4 ); CommentaryCl(oComm5 ); CommentaryCl(oComm6 ); CommentaryCl(oComm7 ); CommentaryCl(oComm8 ); CommentaryCl(oComm9 ); CommentaryCl(oComm10 ); CommentaryCl( " xOpen = ", NumToStr( xOpen , iDecimals) ) ; // Open ; // CommentaryCl( " xOpen1 = ", NumToStr( xOpen1 , iDecimals) ) ; // Open[1] ; // CommentaryCl( " xOpen2 = ", NumToStr( xOpen2 , iDecimals) ) ; // Open[2] ; // CommentaryCl( " xOpen3 = ", NumToStr( xOpen3, iDecimals) ) ; // Open[3] ; // CommentaryCl( " xClose = ", NumToStr( xClose , iDecimals) ) ; // close ; // CommentaryCl( " xClose1 = ", NumToStr( xClose1 , iDecimals) ) ; // close[1] ; // CommentaryCl( " xClose2 = ", NumToStr( xClose2 , iDecimals) ) ; // close[2] ; // CommentaryCl( " xClose3 = ", NumToStr( xClose3 , iDecimals) ) ; // close[3] ; // CommentaryCl( " xHigh = ", NumToStr( xHigh , iDecimals) ) ; // High ; // CommentaryCl( " xHigh1 = ", NumToStr( xHigh1 , iDecimals) ) ; // High[1] ; // CommentaryCl( " xHigh2 = ", NumToStr( xHigh2 , iDecimals) ) ; // High[2] ; // CommentaryCl( " xHigh3 = ", NumToStr( xHigh3 , iDecimals) ) ; // High[3] ; // CommentaryCl( " xLow = ", NumToStr( xLow , iDecimals) ) ; // Low ; // CommentaryCl( " xLow1 = ", NumToStr( xLow1, iDecimals) ) ; // Low[1] ; // CommentaryCl( " xLow2 = ", NumToStr( xLow2 , iDecimals) ) ; // Low[2] ; // CommentaryCl( " xLow3 = ", NumToStr( xLow3 , iDecimals) ) ; // Low[3] ; // CommentaryCl( " xTop = ", NumToStr( xTop , iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen , CommentaryCl( " xClose ) ; // CommentaryCl( " xBottom = ", NumToStr( xBottom, iDecimals) ) ; // minlist( "CommentaryCl( " xOpen , CommentaryCl( " xClose ) ; // CommentaryCl( " xMid = ", NumToStr( xMid, iDecimals) ) ; // ( "CommentaryCl( " xHigh - CommentaryCl( " xLow ) * 0.5 ; // CommentaryCl( " xTop1 = ", NumToStr( xTop1 , iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen1 , CommentaryCl( " xClose1 ) ; // CommentaryCl( " xBottom1 = ", NumToStr( xBottom1 , iDecimals) ) ; // minlist( "CommentaryCl( " xOpen1 , CommentaryCl( " xClose1 ) ; // CommentaryCl( " xMid1 = ", NumToStr( xMid1 , iDecimals) ) ; // ( "CommentaryCl( " xHigh1 - CommentaryCl( " xLow1 ) * 0.5 ; // CommentaryCl( " xTop2 = ", NumToStr( xTop2 , iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen2 , CommentaryCl( " xClose2 ) ; // CommentaryCl( " xBottom2 = ", NumToStr( xBottom2 , iDecimals) ) ; // minlist( "CommentaryCl( " xOpen2 , CommentaryCl( " xClose2 ) ; // CommentaryCl( " xMid2 = ", NumToStr( xMid2 , iDecimals) ) ; // ( "CommentaryCl( " xHigh2 - CommentaryCl( " xLow2 ) * 0.5 ; // CommentaryCl( " xTop3 = ", NumToStr( xTop3, iDecimals) ) ; // maCommentaryCl( " xlist( "CommentaryCl( " xOpen3 , CommentaryCl( " xClose3 ) ; // CommentaryCl( " xBottom3 = ", NumToStr( xBottom3 , iDecimals) ) ; // minlist( "CommentaryCl( " xOpen3 , CommentaryCl( " xClose3 ) ; // CommentaryCl( " xMid3 = ", NumToStr( xMid3 , iDecimals) ) ; // ( "CommentaryCl( " xHigh3 - CommentaryCl( " xLow3 ) * 0.5 ; // CommentaryCl( " xTopShadow = ", NumToStr( xHigh , iDecimals) ) ; // " xTop ) ; // CommentaryCl( " xTopShadow1 = ", NumToStr( xHigh1 , iDecimals) ) ; // " xTop1 ) ; // CommentaryCl( " xTopShadow2 = ", NumToStr( xHigh2 , iDecimals) ) ; // " xTop2 ) ; // CommentaryCl( " xTopShadow3 = ", NumToStr( xHigh3 , iDecimals) ) ; // " xTop3 ) ; // CommentaryCl( " xBottomShadow = ", NumToStr( xClose , iDecimals) ) ; // " xLow ) ; // CommentaryCl( " xBottomShadow1 = ", NumToStr( xClose1 , iDecimals) ) ; // " xLow1 ) ; // CommentaryCl( " xBottomShadow2 = ", NumToStr( xClose2 , iDecimals) ) ; // " xLow2 ) ; // CommentaryCl( " xBottomShadow3 = ", NumToStr( xClose3 , iDecimals) ) ; // " xLow3 ) ; // CommentaryCl( " xBodySize = ", NumToStr( xTop , iDecimals) ) ; // " xBottom ) ; // CommentaryCl( " xBodySize1 = ", NumToStr( xTop1 , iDecimals) ) ; // " xBottom1 ) ; // CommentaryCl( " xBodySize2 = ", NumToStr( xTop2 , iDecimals) ) ; // " xBottom2 ) ; // CommentaryCl( " xBodySize3 = ", NumToStr( xTop3 , iDecimals) ) ; // " xBottom3 ) ; // { Bullish Upside Tasuki Gap Bullish Side-by-Side White Lines Bullish Separating Lines Bullish Three Line Strike Bullish Upside Gap Three Methods Bullish xHigh arami Cross Bullish Three xOpen utside Down Bullish Three Inside Up Bullish xHigh xOpen ming Pigeon Bullish xHigh arami Bullish Morning Doji Star Bullish Tri-Star Bullish Meeting Lines Bullish Unique Three Rivers Bullish Abandoned Baby Bullish Matching Low Bullish Engulfing Bullish Concealing Baby Swallow Bullish Three White Soldiers Bullish Kicking Bearish Upside Tasuki Gap Bearish Side-by-Side White Lines Bearish In Neck Bearish Separating Lines Bearish Three Line Strike Bearish Downside Gap Three Methods Bearish Thrusting Bearish xOpen n Neck Bearish xHigh arami Cross Bearish Three xOpen utside Up Bearish Three Inside Down Bearish xHigh arami Bearish Evening Doji Star Bearish Tri-Star Bearish Meeding Lines Bearish Advance Block Bearish Identical Three Crows Bearish Abandoned Baby Bearish Two Crows Bearish Engulfing Bearish Dark Cloud Cover Bearish Three Black Crows Bearish Kicking Bearish Deliberation Hanging Man }

At this early stage of my recent volume candle enlightenment, I have come to the conclusion that volume candles are the most accurate v/s all other types of chart reading. I now believe this because volume candles equalize each bar's importance. With "VCs", no bar means more or less than the last or the next. They just tell a story. A story you can trust because you know what each VC represents. With time or tick based bars, you don't know the importance of any bar. You don't know how much emphasis to put on any bar or pattern. You can't trust them. You might as well use a line. Now there are other indicators that may quantify volume but none will be as accurate as the VCs because VCs are the indicator! Most importantly, it evens out the chart. It doesn't matter what volume interval you use because whichever interval you choose, all bars represent the same. Wow, this is deep. I think this just saved me about $25,000 or more. I'm a total believer. It's so clear to me now. Thanks again. Wow, that all I can say. Wow...... :rolleyes:

I am enjoying this too! It's like a light bulb just turned on! Q: What are you trading? A: Shares and Contracts Q: How are they measured, Time or Volume? A: Volume Q: What kind of chart should you use, Time or Volume? A: VOLUME! hahahahaha I love it! Now I just need to figure out (1) how to determine what size volume bars to use and (2) how to read candles! I guess the volume bar size that you should use needs to correlate to price movement of the instrument somehow. ie. How much volume causes the price to move. I'm going to start reading about and studying this right now. I think this may be the golden ticket. Thank you for pointing me in this great direction. ::EDIT:: Go Browns!!!!