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Stock.Jock
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I'm attempting to learn and apply the fold command in TOS, but my code is not plotting correctly. Could someone take a look at it and get it to work? I know how to code DO LOOPS in basic language and I'm having trouble doing it in TS. One problem that I have with this is controlling the increments in the iteration. I don't get any syntax errors, but this code does not plot correctly and I cannot figure out why. It should plot horizontal lines at different levels. ***************************************************** def HAV = HighestAll(High); def LAV = LowestAll(Low); input Direction = {default GridUp, GridDown}; input n = 4; # # ============================================================ # SWITCH BETWEEN DIRECTIONS # ============================================================ # def Mode; switch (Direction) { case GridUp: Mode = 1; case GridDown: Mode = 0; } def StartPoint = if Mode == 1 then LAV else HAV; plot GannLine = fold i = 1 to n with j = 45 do if Mode == 1 then Sqrt(StartPoint) + ((i * j)/180) else Sqrt(StartPoint) - ((i * j)/180);
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TeamViewer has a free meeting software for non-business use. If there's going to be a chat room, then it would be helpful if all participants have already studied the Wyckoff method. Currently, there are Wyckoff Meetups if anyone is interested. wyckoffassociates@gmail.com -
I was searching for education about Wyckoff trading and I came across this. There's a website about meetings on specific topics and there's one on Wyckoff that is held in online webinars. Read it for yourself. LA Stock Investors Wyckoff Educational Meetup (Irvine, CA) - Meetup
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What I've noticed in a lot of trading forums is that there are people who claim to be experts in a trading method, but come short of actually knowing the method, whatever it may be - Elliot Wave or anything else. Usually, they take shortcuts and defend their shortcuts like they know better than the original author. I may not know Elliot Wave analysis, but I can tell from this discussion that this is true here too. If there is no consensus here on Elliot Wave analysis, then someone here doesn't know how to do it.
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I tried to study the Elliot Wave theory; however, it got so confusing with all the waves, subwaves, microwaves, quantum waves, on and on. There's thousands of combinations of these waves and it seems never ending. Is their a quality educational course with instructors who have backgrounds in education? Experienced traders don't necessarily make the best trader educators. Is there an academic university that teaches this as part of their finance department?
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Yes. I know about them. A number of Wyckoff discussions omit the use of PnF charts and I'm interested in why that is so. I've talked with Gary Fullett and Gary Dayton and they don't use PnF either. I thought that PnF charts help to predict where, when and how much the market will move. I don't understand why Wyckoff traders don't use them. Also, some Wyckoff traders speak of the SMI training as the Wyckoff Bible, but there is so much of the method taught by SMI is left out of forum discussions. For example, the 5 steps and the 9 buying and the 9 selling tests. Do you have any idea why these things are not discussed by professional Wyckoff traders in forum discussions?
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DbPhoenix, Do you use PnF charts for your trading in using the Wyckoff method?
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The horizontal and vertical count methods are the same for any type of PnF chart. Even though Wyckoff has a different method of plotting the reversals, the count methods are the same. Here's an excellent video on PnF charting which includes how the count methods are performed. [ame=http://www.youtube.com/watch?v=JTVejaFTFJk]Point And Figure Charting Basics - YouTube[/ame]
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Hi YT, I wish I could help you, but those things are not clear to me either. My only understanding of changing box size or reversal size is to make the PnF patterns fit reasonably on a chart. I seem to remember something like that after going through the study materials at the PnF University. After fitting the pattern to the chart, then the horizontal and/or vertical counts can be made using the box size and reversal size in the calculations. If there is anything else that I missed, maybe Gary Fullett can help us out. Was it you who told me about NJ7 last year? Anyway, Bull's Eye Broker has a beta version 5 available and it supposed to connect to a few real time data sources for trading with both PnF and price charts. Another platform for PnF charts is Amibroker. You have a good question about PnF charts. So far as I can find out is that they are for guesstimating a projected retracement for planning to take a profit. This is Wyckoff's method. I've seen other methods for this guesstimating using chart patterns like the flags, pennants, wedges, etc. Although these patterns are described to show up on price charts, there is some literature that says these patterns also show up on PnF charts. I don't think Wyckoff traded directly from PnF charts only, but there seems to be some traders who see breakouts patterns on PnF charts just as most traders do on price charts.
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YertleTurtle, You can also use NinjaTrader 7. It's free for simulated trading and it has PnF charts. It's not free for real trading.
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Yes. I do see some similarities for volume for both charts. Isn't volume the "cause" and the price movement the "effect"? This seems to like it would be the same for a column of "X's" or "O's" in a PnF chart too.
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Gary, Do you use volume on PnF charts the same way as on Vertical (bar) charts? For instance on a bar chart when there is a wide spead bar with a high volume, would it be analyzed the same as a tall column of "X's" or "O's" with a high volume. I don't mean to imply isolating the bar or column, but I want to keep my explaination simple. I know that I should consider the background and future confirmation.
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Point and Figure Charting : Volume On X's Or O's !
Stock.Jock replied to omrangassan's topic in Coding Forum
Attached is an MS Excel spreadsheet with Point and Figure calculations done in VBA module. pnf.xls -
Point and Figure Charting : Volume On X's Or O's !
Stock.Jock replied to omrangassan's topic in Coding Forum
Attached are several PnF indicator codes for Amibroker in AFL code in a zip file. These also can be used as examples on how to program your code in whatever programming language you plan to use. It would be good to have PnF chart code for the Wyckoff method in AFL code also. P&F Chart AFL Code.zip -
Point and Figure Charting : Volume On X's Or O's !
Stock.Jock replied to omrangassan's topic in Coding Forum
I'm not familiar with the C# programming language, but attached is a file with all the chart types for NinjaTrader 7 and PnF charts is included. If you or someone you know can isolate the PnF code, you have somewhere to start in developing your code. NinjaTrader uses NinjaScript which is C#. See attached file. Personally, I'd like to see someone develop the code for the Wyckoff PnF charts for NinjaTrader. The Bar type code is located in My Documents / NinjaTrader 7 / bin / custom / type / @BarTypes.cs @BarsTypes.txt