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BlowFish
Market Wizard-
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Everything posted by BlowFish
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The nice thing about them is that by altering various parameters you can use a whole lot of different algorithms to determine what constitutes a 'swing'. It also has a function that prints volume on each leg. Seems potentially very useful to me though I haven't got round to finding a use for it!
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You might want to take a look at 'better volume indicator' at emini-watch. Pretty similar in concept and quite elegantly simple,
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I am not sure if you noticed but these posts are from 2006.
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Astro there are a whole bunch of Ninja 'delta' type indicators (as there are TS ones ). I don't recall there being any that do divergence but it would probably be easier to use one of those as a starting point. I believe they are filed under 'buy sell' in the Ninja indicator section of the forum.
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If you want a flexible zig zag indicator you might want to look for Clyde Lees Swing_Lee_II. By changing parameters it can detect swings using lots of different methods. Traderveritas it might be worth attaching the code as a text file as the forum software strips out a lot of the white space if you paste into the message.
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How and why would he provide a back test report? It is simply an indicator to aid with screening. "This indicator is aimed at develping a screener tool to pick stocks for closer scrutiny." Of course if you think there is some value in back testing go right ahead.
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No. The array actually is is the 'list' values. An array is simply a collection of data elements of the same type. Because these elements are indexed you can use a loop to access them in sequence.
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If you decide to go with an 'off the shelf' package but want "heavy duty" too you might want to take a look at NeoTicker. Personally I would be a wary of the robustness of MUlticharts and Tradestation I wouldn't trust either running un attended (even with a single simple strategy). Not sure if that is one of your goals or not. Actually from your last post I am pretty sure MC and TS will not scale to that sort of level.
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Personally if I wanted to "learn MP" I'd read the lot it's not like its an extensive list. If I was limited to one I'd go with one of the Daltons though haven't picked up P.S.'s latest book. having said that I don't use MP!
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I tried Amibroker and liked it though it was just a bit too different in how it did things. If you are familiar with Tradestation you will be right at home with MC it is TS+ really. Actually that is both an advantage and disadvantage. Easy Language support +++, Following some of the more archaic 'legacy' ways that supercharts/tradestation does things ---.
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Or 1SD from the VWAP...or parabolic SAR.....or 2 bar closes against your position or 2 bar hi/lows....or chandelier stop or or or or
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It May have been $99.....can't recall it was so long ago!
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If you want to see how to trail stops based on price action take a look at Tim Morges video blogs at medianline.com. Classic stuff from a market veteran. If you dig deeper you will find archives with more examples from years gone by.
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I forgot to mention that dandxg (I don't normally forget). There is much to be learn't from watching how he 'conducts himself' regardless of ones particular approach to the market.
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Having paid $50 (I think that was how much I paid) for a lifetime licences it was not such a big gamble Having said that I paid in blood sweat & tears (and a lot of time invested) in the early days.
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Will JPY do? ...............
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I like Tim's work he mixes traditional price action with pitchforks to 'frame' price. He also emphasises his particular style of money management. Recently he has been pretty busy producing (free) videos with his outlook on various instruments. This week he has been doing premarket each day. You can find them at http://marketgeometry.com/ For those easily offended he does offer a couple of products for sale but the free stuff is as good as any (imho). Not affiliated, just a fan of his work.
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Basically you need an indicator that is working on the group of bars x bars back. I am unfamiliar with the newer Drummond indicators but back in the day they used to be called things like 'DGII Pldot' or some such for Intraday on Intraday. It looks like you are plotting the 'DGLII Pldot' which is the live (or developing) version.
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Heres an image...though I don't tend to use intraday on intraday.
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Looks like you are plotting the 'live' versions of the indicators rather than the '1 back' versions?
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Not really something anyone can answer for you. Two popular methods are using market structure (swing highs and lows) or volatility (something like Average True Range).
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I am using MC too. In the past I wrote the indicators for Ensign (too slow) and NeoTicker. Funnily enough I was thinking about doing a Ninjatrader version but it dosen't handle bars bigger than intraday particularly well (imo). What don't you like about HTP dots envelopes?
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They look like a shiff set to me (of ABC). A shiff set is the same as a regular trend channel (if your charting package plots them correctly). Where a shiff crosses the median line is often where price turns. Jim Kane talks about this in "Median Line and Fibonacci Synergy".
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They look like a shiff set to me. A shiff set is the same as a regular trend channel (if your charting package plots them correctly).
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Set the HiLo to no plot then and just plot the open.