pitrader

Thanx for the code BH however the code will not verify. It keeps coming up with an error message saying ( this plot has been defined using a different name) referring to the word "SELL" . Thanks Again Pi

I was hoping that somebody could help me with some coding. I want to create a paint bar study that utilizes 3 MA,s ( 2 simple, and 1 hull avg. ) The Hull avg will be displaced forward 1 place and the 2 simple MA,s will be realtime. I would like the bars to turn blue when at least 2 of the 3 MA,s are > [1] and turn red when at least 2 of the 3 MA,s are < [1]. This would be in TS code. Any help would be appreciated. The code for the hull ave is below. variables: avg1( 0 ) ; Variables: Length(13), DisplaceIntoFuture( 1) ; // Bars to displace into the future avg1 = jthma((high+low)/1, Length); // Allow the plot to be displaced so many bars into the future Plot1[-DisplaceIntoFuture](avg1, "Hull ");

I am using TS and the existing extension lines by default anchor themselves to a price bar. I would like to have extension lines that I can place anywhere on a chart even if it is inbetween 2 price bars. Would it be possible to code this? Thanks Pi

Who ever said that MA's can't give you S/R Noname.zip

Actually the code from BH worked just great. thanx

Thanks for the code guys I will try it out tomorrow.

I was hoping that you guys can help me in some coding for TS. What I need is an indicator that will tell me what 1 tick above the current high and 1 tick below the current low is. I need it displayed in the price pane where the current price is displayed and whatever color I want. It would also have to work on tick charts. Any input would be appreciated. Thanks! Pi

I would be intrested in applying your Renko indicator to my own work to see it has any merit. If you like you can email me the TS indicator at pitrader@295.ca If it works well I will let you know and thank you accordingly. If not then I will continue to use what I currently implement. Pi

Wouldn't this whole process of trading be much simpler if everybody would just follow my advice. Just buy stocks that go up. If they don't go up don't buy them!! And seeing as I am such a giving type of guy I will not charge you a cent for such pearls of wisdom. However if you would like to donate $29.99 to my PayPal account that would be appreciated .:

I'm not a gambler or bettor, I'm a speculator. I enjoy the focus and a trade unfolding according to plan. If the markets did not exist I think I would probably be an air traffic controlman because a job like that forces you to be in the zone. Disipline of a machine Reflexes of a fox Emotions of a rock Skills of a surgeon Patience of a saint

One of the best trading books I have ever read is "How to make money in commodities and lots of it" By Charles Drummond. Hands down one of the best!!

The fact is that if you are backtesting then by default you are sim trading ie. with a strategy. In the sim mode and live trading mode the order within a strategy will always be resident to the computer until hit by price. If TS filters ticks this would be an issue when backtesting. If you are live trading manually and create a bracket or limit order within the matrix window or DOM then the order is resident to the exchange and not your computer. Unfortunately there is no way of knowing just how far in advance you must place the trade to be first in queue as there are to many variables as to lot size and so forth. You may get a partial fill if touched and wait as the other contracts are filled as the market trades through the price. I trade the Russell and I have been filled when the price of my limit is just touched and not traded through ( a trade that I placed sometimes seconds earlier). I would say when trading 1 lots ( live trading ) I have experienced a fill rate of 60+% on the Russell when price just touches my limit without trading through it this never happened for me on the ES.

I studied Drummond Geometry for a couple of years and his method of drawing lines is different from the mainstream. His approach draws lines using only 2 bars in order to forecast S/R for the 3rd bar. I found some other combinations in my own work that I also included in an indicator. Unlike anything that is out there my indicator prints a # above and below the bar showing how many tics the high or low is from the termination point of the TL for the current bar. If you are using your method on a 5min chart and you want confirmation that you have hit a S/R level you can apply my indicator to a higher timeframe like a 30min to see how many tics you are from a current TL. The amount of tics away from a TL that would be a heads up will vary from market to market. I have only ever traded the Russell so all I can attest to would be that anything 5 and under would be a warning that a turn is evident. I have included an Eld file (I hope I did it right ) for the indicator.You guys can have it for free. PI TL #.ELD

OK, here are some quotes that I have come across in my sojourn to become a trader. A good daytrader must have the discipline of a machine, the reflexes of a fox, the emotions of a rock, skills of a surgeon and patience of a saint. A trader must observe with humility but act with arrogance. Finally for those of you that are coming off a bad day of trading and you need a good pick me up here is the mother of all inspirational speeches. It applies to life as well as trading. Click this link. Any Given Sunday - Peace by Inches - Pacino - YouTube Enjoy Regards Pi

Opportunity knocks, it doesn't break down the door.

Only buy stocks that go up. If they don't go up don't buy them.

The only thing that is worse than being wrong in this business is staying wrong. I would much rather be out of the market wishing I was in than in the market wishing I was out! NEVER CANCEL YOUR STOPS!!!

I think one of the best documentaries on Wall St is "The Alchemists Of Wall St' wherein one of the Quants stipulated that he thinks that the traders, the ones that take the real risk with their own money should be compensated some how for what they do. After all we are the grease that keeps the machine running. Without us we would be paying $20.00 for a box of Corn Flakes!

My cats breath smells like cat food.

I didn't say you cannot make money with the ES, I said and I quote "That's not to say that you cannot make money with the ES I just think that the TF is a much easier market to trade." And as for the "Stop saying that you don't get filled that's stupid" comment I didn't say that you don't get filled I said that 60% the of the time trading Russell I get filled on my limiit orders trading 2 lots when they are just touched and not traded through. Not so with the ES. With the ES you would have to hit the bid and ask buttons more often than not as compaired to the Russell when your limit order is not traded through.

I never was attracted too much by the ES. I was trading the Russell long before the ICE took it over. Look at the ES on a 1min chart or lower (tick chart) and all you will see are a bunch of dots and specks. Look at the same period on the TF and you would have a hard time telling the difference between say a 65 tick chart and a daily or weekly chart in terms of bar structure. If your system is pattern specific the ES blows on short time frames. The TF is the only market that suprised me when I went real time in terms of my fills. Do you find that the ES fills your limit orders 60% of the time when they are just touched ( 2 lots)? The TF does!! Try it for a day and you will be suprised. Also factor in the revised margins rates from the ICE $2900 for overnight!! Contrast that with the ES which is still $5600 I think that the ICE is trying to lure people away from the NQ and ES. That's not to say that you cannot make money with the ES I just think that the TF is a much easier market to trade. I've seen trades that were profitable on the TF that would have resulted in a loss on the ES just because the ES was not volitile enough.

Thanks for the revised code EasyTrader. By the way how do I place a tag around my code?

I was told that you can hide the inputs from clients by turning them into variables instead. How would that look on the code below? inputs: Price( (close+low)/2), Length( 7), NumATRs( 1), Displace( 0) ; variables: Avg( 0 ), Shift( 0 ), TL(-1); Avg = AverageFC( Price, Length ) ; Shift = NumATRs * AvgTrueRange( Length ) ; if Displace >= 0 or CurrentBar > AbsValue( Displace ) then begin Plot3[Displace]( Avg, "MidLine" ) ; End;

So do you think that you will give the second method a shot for posterity? Think of all the brownie points you'll get!!

I am aware that MC has the capability to plot to the second unfortunately I am still using TS. I was told by a EL engineer that there is a way to have this type of indicator work within TS but it takes some pretty tricky programing. Does anybody out there have any experience coding something like this? Thanks Pi