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Showing results for tags 'esignal'.
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Richard Wyckoff was a pioneer of technical analysis. While Dow contributed the theory that price moves in a series of trends and reactions, and Schabacker classified those movements into chart patterns, developed gap theory, and stressed the role of trader behavior in the development of patterns and support/resistance, Wyckoff contributed the study of the relationship between volume and price movement to detect imbalances between supply and demand, which in turn provided clues to direction and potential turning points. By also studying the dynamics of consolidations or horizontal movements, he was able to offer a complete market cycle of accumulation, mark-up, distribution, and mark-down, which was in large part the result of shifts in ownership between retail traders and professional money. Wyckoff sought to develop a comprehensive trading system which (a) focused on those markets and stocks that were “on the springboard” for significant moves, (b) initiated entries at those points which offered the highest probability of success, and © exited the positions at the most advantageous time, all with the least possible degree of risk. His favorite metaphor for the markets and market action was water: waves, currents, eddies, rapids, ebb and flow. He did not view the market as a battlefield nor traders as combatants. He counseled the trader to analyze the waves, determine the current, “go with the flow”, much like a sailor. He thus encouraged the trader to find his entry using smaller “waves”, then, as the current picked him up, ride the current through the larger waves to the natural culmination of the move, even to the extent of pressing one’s advantage, or “pyramiding”, as opposed to cutting profits short, or “scalping”. “Trading Wyckoff”, then, is more than just relating price and volume. It is a complete trading strategy, ranging from finding the most attractive opportunities through strategy development and trade management to the best moment to close the trade, all with the least possible degree of risk. Below are copies of Wyckoff's Studies in Tape Reading, which has been reformatted into The Day Trader's Bible and is as good a place to start as any, along with Reminiscences of a Stock Operator by Jesse Livermore, a contemporary of Wyckoff's. We've also included a chapter from Wyckoff's original trading and investing course. This chapter consists of Wyckoff's analysis of an entire year of price action as it relates to the essential elements of Wyckoff's approach: volume, support, resistance, climactic activity, tests and retests, etc. . DTB, 1919.pdf RSO.pdf Wyckoff Analysis 1930-31.pdf
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Hi, I am a newbie. I am trying to find an esf file for Heiken Ashi for eSignal (must work in v.10). Could anyone point me to where I could get a free download from? Many thanks! PS. If anyone knows of where to get a similar version (such as the "TTM Trend" indicator), that would also be fine.
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I have this code for QuoteTracker and it works great. I see it available for TS. Does anybody have code for eSignal? Thanks!
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How can I found Momentum Oscillator (like quotetracker style) in esignal? such as this imapge MO type
