MarketMole

I think I would try to embody the concept of a "pause" into something that could be modeled. For instance, imagine creating 5 second bars. A long pause in price change would be represented by a doji like bar. If a doji was followed by specific sequence of bars, say up and then a down with the close below the doji low, and your OBV/Price confirmed a short trade, then sell short the YM. By packaging the trades as 5 second bars you could also perform statistical analysis on the pattern. As far as watching the actual trade executions during a pause, you could capture that in the volume of the bar. Perhaps on a high volume doji like bar the probability of follow through is higher than on a low volume bar.

What is statistically significant about 3 second pauses? Or pauses at all? Have you measured the significance? Is there a significant probability increase only if you have OBV/Priced in trend? Or in counter trend? Are you trading in line with OBV/Price or against? It sounds like you're using OBV/Price composite (NDX) as your primary indicator. But something to do with YM pauses as a trigger. That doesn't seem very deterministic. I like your OBV/Price composite concept, but would want a couple of price action confirmations on the YM (not just pauses and toggles) to trigger trades.

If you're going full algo trading however, that is, not wanting to sit in front of a rack of monitors all day long, then TS may not be your best bet. Or if you want to trade the futures TS is limiting. There are systems out there which will allow you to code up strats that will do pairs and composites trading, venue blending trading, etc. But if you're just looking to trade using your brain as a probability engine then TS or eSignal work well enough.

ant, Thank you - your gesture is most appreciated. I had to copy from the ViewSource of the browser to get the line brakes but that worked just fine. Have a big day. MM

I don't suppose it would be possible to paste the actual TS code into this thread? Many thanks, MarketMole ~bangeye~