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Showing results for tags 'time'.
Found 8 results
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Trading between 8AM and 4 PM I want to have the chart set to Regular Sessions so that the chart is updated all day. But i want my trades to be triggered from 8AM to 4 PM. I tried the following code and it didn't work: if ( Time >= 0800 ) And ( Time <= 1600 ) then I even tried the following and it didn't seem to work. if time >= SessionStartTime( 0, 1 ) and time < SessionEndTime( 0, 1 ) then Any help could be of immense thing to my learning experience...
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PRV -- Pro Rated Volume For the volume hawks! This indicator projects the volume at the end of the bar. It calculates the PRV based on the current trade pace, and the time remaining in the bar. This information is useful to spot turning points ie. whether the money is drying up... or flooding in. This indicator is usable on minute charts only. Instructions: Set the volume to display as a thick histogram and the PRV to display either as a thin histogram, or as a thick point. PRV_ProRatedVolume.txt
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Forex Futures are not only used by market speculators, as there are many cases where Forex Futures are used to limit currency risk in foreign business interests.
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Your major focus in trading should the softer side of trading, the business and psychological side of it; the harder side which relates more to the technical side is a secondary thought, however in this article I am combining the two because one of my favourite patterns is an ideal pattern for the impatient trader who does not like to hold on to trades for too long. Impatience is not a good trait to have in the markets when trading or investing. It breeds laziness when it comes to research, planning and analysis, it causes some to exit trades too early, and it causes other’s to constantly monitor their positions. To add to this, trades that linger on can incur costs such as time premium erosion for options traders, and interest costs for CFD traders or stock traders using margin, to name a couple. Weaknesses are a part of human nature; your job is to ‘manage’ them, not to try and eliminate them or even turn them into strengths. We were brought up to take our weaknesses and try and turn them into strengths which I believe is the wrong approach. Build on your strengths and manage your weaknesses is the best motto I ever heard. Some traders who don’t like to be in trades for too long will use an exit strategy that will force them out of the trade if the particular stock or market consolidates and moves sideways for a few days, which is a good strategy. Let’s look at an entry technique which is the trading pattern for the impatient trader. This pattern signals a turning of the market. It does not necessarily signal a top or bottom, it will sometimes just signal a correction, either way; it tells you that a swift and sharp move the other way is imminent, and usually enough to give a good reward to risk. The emphasis here is ‘swift and sharp’, because this is what the impatient trader is looking for. The pattern unfolds in 5 waves with the highs and lows of the waves overlapping each other to the point where the 5th wave ends in a spike. Here is a diagram showing what to expect at the end of a run up, and the end of a run down. This is what you need to see and how to trade it: 1. You join the highs of wave 1 and 3 together, and the lows of wave 2 and 4 together if in an up market, and these lines need to converge [or lows of waves 1 and 3, and highs of waves 2 and 4 if in a down market]. 2. You want the high of wave 5 to break the upper line and spike [low of wave 5 to break lower line and spike]. 3. The break of the lower line is your entry [the break of upper line is your entry]. 4. Your stop goes on the other side of the 5th wave. 5. You want your exit or your first profit target to be within the range between the low of wave 1 and wave 2. 6. You shouldn’t take the trade if this range does not offer you at least a reward to risk ratio of 1:1, however this is obviously a personal choice This is an example that occurred on the SP500 index in July 2008 on a 30 minute chart. Elliott Wave users will be familiar with this pattern, known as an ending, leading and 5th wave diagonal; others may know it as three drives pattern, and others may just say it’s a wedge pattern. The point I wanted to make in this article, so as to benefit you is that when these patterns occur they produce swift and sharp moves and this is an obvious benefit to those who don’t like spending too much time in the markets, whether it’s due to being impatient or because of trading instruments that are time sensitive. Dean Whittingham -
I was wondering if anybody knew how to highlight segments of time within thinkscript. I know there is a native option to highlight after-hours time segments so I imagine there has to be a way to do this for user-defined segments of time. Anyone know how this is done?
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I'd like some help here, please. I have the following formula: inputs: todayStTime (830), todayEnTime (900), yesterdayStTime (1430), yesterdayEnTime (1500); variables: dayCounter (0), dayClose (0), dayOpen (0), //dayHigh (-999999), //dayLow (+999999), //prevDayHigh (0), //prevDayLow (0), //dayHigh (0), //dayLow (0), prevDayClose (0), prevDayOpen (0), prevClCounter (0), prevTradeDay (false), todayTradeDay (false); // confirms the beginning of the day with true/false conditions if date <> date[1] then begin prevTradeDay = true; todayTradeDay = false; dayCounter = dayCounter + 1; end; // resets the new day to give the previous day open time interval if prevTradeDay then begin if time = yesterdayStTime then begin prevTradeDay = false; prevDayOpen = Open; end; end; // resets the new day to give today's open time interval if todayTradeDay = false then begin if time >= todayStTime then begin todayTradeDay = true; dayOpen = Open; end; end; // resets the new day to give the previous day close time interval if prevTradeDay then begin if time = yesterdayEnTime then begin prevTradeDay = false; prevDayClose = close; end; end; // resets the new day to give today's close time interval if todayTradeDay = false then begin if time = todayEnTime then begin todayTradeDay = true; dayClose = close; end; end; plot1(DayOpen); //plot2(dayClose); plot13(prevDayOpen); //plot14(prevDayClose); I want to plot yesterday's open and close prices based on the time interval selected in the input and also, today's open and close prices also, based on the time interval selected in the input. As it is, plots today's open and yesterday open prices, but If I also plot today's and yesterday's close prices, these will be zero, though, if I remove the statements regarding the opening prices, the close prices will be correctly plotted. What am I doing wrong? Please see attached images. Thank you.
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I'd like to open a topic for discussion and to see what various traders opinions, pros and cons, are of tick vs. time interval based charts. For example a 144T vs. a 2 minute chart. One view is that a tick based chart can present a smoother presentation of price. This is particularly true during quieter periods of trading. A tick based chart will form a bar upon completion of the selected number of trades. A time interval based chart will complete a bar at the end of the time period irrespective of whether any trades have taken place or not. A tick chart could therefore present a smoother flowing chart as well as be more accurate on a technical basis. Would the above necessarily be the case during faster markets? Would a time based chart be better? Combinations of the two, for example short term chart on a tick chart, long term on a time based chart? I've noticed that sometimes it is easier to pick up patterns or S&R areas on a 5 minute chart and base entries/exits off an 89T chart.
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someone sent me this email. I thought I would post it and let you think about it.
