Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

jperl

Trading with Market Statistics XI. HUP

Recommended Posts

Nothing beats statistics when it comes to trading.

Darreeb at FF nailed it down. he combined stats with mp md level2 orderflow, in a simple sequence.

the guy is good.

so statistics is the game...............

Share this post


Link to post
Share on other sites
what do you guys think of VSA + VWAPS deviations as KEY Levels.

 

 

I think a trader can do very well with these studies, but they do have their limitations. The VWAP benchmark has been around for almost 20 years, it was developed in Asia in the early 1990's and has evolved to include the T(time)WAP and RV(relative volume)WAP. The +/- standard deviations of the VWAP often align with a prior or create a new major/minor support or resistance. How these levels are implemented into a trading system are as diverse as the individuals who trade them.

 

IMO, there are many worthless VWAP and Volume Profile indicators being plotted on charts that give users a very poor experience with these studies. From what I can see of the studies on the chart you posted (which isn't much), I would question its accuracy.

 

 

Please take the time and learn how to post your charts using the attachments (paper clip) icon, your chart is basically unreadable (to me).

Share this post


Link to post
Share on other sites
what is the theory of your analysis?

 

mmm good question. personally, im trying to combine VOLUME correlated-stuff:

(based on my believe that volume precedes price) to overcome jpearl's shapiro effect.

 

-VWAP's HUP

 

i been watching these levels for sometime and its true. no question. these are good pivot points. and good enough, these are based on Volume.

 

yet why im looking to bypass the Shapiro Effect as a filter for price direction. well the shapiro effect its just an analysis based on price data.

 

like somebody wrote on these threads before maybe it is a good idea to add a delta footprint chart to filter price direction or other volume based study. why not?

 

i been plotting delta divergences and VSA and stuff and maybe it can provide a better filter.

im just eye-testing stuff.... looks OK.

Share this post


Link to post
Share on other sites
I think a trader can do very well with these studies, but they do have their limitations. The VWAP benchmark has been around for almost 20 years, it was developed in Asia in the early 1990's and has evolved to include the T(time)WAP and RV(relative volume)WAP. The +/- standard deviations of the VWAP often align with a prior or create a new major/minor support or resistance. How these levels are implemented into a trading system are as diverse as the individuals who trade them.

 

IMO, there are many worthless VWAP and Volume Profile indicators being plotted on charts that give users a very poor experience with these studies. From what I can see of the studies on the chart you posted (which isn't much), I would question its accuracy.

 

 

Please take the time and learn how to post your charts using the attachments (paper clip) icon, your chart is basically unreadable (to me).

 

sorry. this shot is better.

VSA

41031849.jpg

 

Uploaded with ImageShack.us

(nodemand, nosupply, stopping volume, profittake).

 

Volume-delta patterns(exhaustion,flush,divergences).

deltana.jpg

 

Uploaded with ImageShack.us

Share this post


Link to post
Share on other sites
sorry. this shot is better.

 

Yes, the charts are better, and the Std Dev lines look OK at first glance. :) But there is no need to use Image Shack for your posts. This is a great thread and you are posting links that will sooner or later be disabled. I used the search link and found this, http://www.traderslaboratory.com/forums/beginners-forum/805-how-post-chart-properly.html#post2806 maybe it will help.

 

What time zone is posted on your charts, AND does Trade Station allow you to change the Start time of your VWAP indicator?

Share this post


Link to post
Share on other sites

I do not see the PoC (or its equivalent) to judge the skew in your charts.

 

JPerl gave the Shapiro as a very basic filter for judging direction. We can use that or whatever we are confident about. This flexibility is what makes Jperl's Market Stats approach absolutely brilliant.

 

Jose Kollamkulam

 

what do you guys think of VSA + VWAPS deviations as KEY Levels.

 

vsavwaps.jpg

 

Uploaded with ImageShack.us

Share this post


Link to post
Share on other sites
I do not see the PoC (or its equivalent) to judge the skew in your charts.

 

JPerl gave the Shapiro as a very basic filter for judging direction. We can use that or whatever we are confident about. This flexibility is what makes Jperl's Market Stats approach absolutely brilliant.

 

Jose Kollamkulam

 

Indeed. As Jose points out it is a simple price pattern that shows that price has changed direction (though I'd be inclined to call it a trigger rather than a filter). It's kind of similar to what old timers would have called a key reversal. You could substitute anything that indicated that price had been rejected or supply/demand had shifted at a market stats derived level.

Share this post


Link to post
Share on other sites

--------------------------------------------------------------------------------

I don't think this question has ever really been answered specifically but I apologize if it was. I may be a bit behind in some responses but don't see this one addressed well. No offense to Jpearl as this threads really rocks.

 

For example: Jerry has mentioned to use a 5 day period but what do we do when Monday morning comes around or we start any new day ? Do we drop off the oldest day as the new day begins ? This would then have only 4 completed days and then the start of the current day...so that isn't a complete 5 day period until we finish that days worth of trading. Dropping data might also affect where VWAP now is or the PVP ! So that would mess up the concept of the skew.

 

We can apply the same concept to a 10 day or twenty day period. Really any period of time. Dropping data may change the skew, vwap and PVP. If all of this has been addressed then please tell me where so I don't waste the forums time. We can't say that it doesn't matter when we start or stop the time frame unless we are in agreement that the concept of skew doesn't matter.

 

Hopefully someone can shed some light here or point me in the right direction so I can do further research. Thanks

 

 

 

 

 

Hi Jerry,

with the longer term HUP's such as 5,10, and 20 day,do you use a rolling time period or a fixed time?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • NFLX Netflix stock, with a solid top of range breakout, from Stocks to Watch at https://stockconsultant.com/?NFLX  
    • It depends. If you have lots of money that you can buy a house without a loan and if you don't have any parents to sponsor then it is a good idea. Otherwise it might be a bad idea depending where in Canada you are heading to. I earned a good middle income in my home country and I migrated to Vancouver 5 years ago at the age of 35. I had to start right from the bottom, lowest of the low.. Now i am finally earning a middle income in Canada but I still cannot afford to buy a one bedroom apartment. Having left behind friends, family and home, most of the times I think it is not worth it.   In short, do not migrate if you already have a good life in your home country and you are happy. Only migrate to Canada if you really have to leave your home country say there is a war or something really bad. Discrimination still exists here and its really tough for newcomers unless you are super rich. Good luck. David Chong, Quora  
    • This is bigger than the internet. Bigger than mobile. Bigger than social media.   While everyone was distracted by stock market fluctuations and political theater…   Most people have NO IDEA what just happened last week with ChatGPT.   Their new memory feature allows ChatGPT to remember EVERYTHING about you across all your conversations.   Think about that for a minute...   While most tech companies have been collecting mere breadcrumbs about you - your likes, your clicks, your browsing history - OpenAI is now collecting the most valuable dataset in human history: your complete psychological profile.   This is Zuckerberg x 5,000.   The more you use ChatGPT, the more it understands you, becoming a supercharged reflection of yourself that improves at an exponential rate.   Are you a regular ChatGPT user?   Consider whether it’s time to turn off the “you can train on my information” feature. To prevent your data from being used for training while still using the memory feature:   Disable Model Training: Navigate to Settings > Data Controls. Toggle off "Improve the model for everyone". Manage Memory Settings: Go to Settings > Personalization > Memory. Here, you can: Turn off memory entirely. Delete specific memories. Use Temporary Chat for sessions that won't be saved or used for training. Now the investment implications…   Why This is Bigger Than You Think Consider this: the relationship between humans and ChatGPT is evolving beyond a mere tool.   People are now treating these AI assistants as friends, confidants, and even romantic partners.   I'm not making this up - there are already documented cases of people ending real human relationships to pursue “connections” with their AI companions.   A viral Instagram meme shows a person going through life with a glowing, featureless humanoid figure - representing ChatGPT - as their companion.   The post has over 1.1 million likes and comments like "Bro ChatGPT is like my best friend. Ain't even ashamed to say it" with 25,000 likes.   But here's where things get really interesting for investors and entrepreneurs...   Three Things to Watch For starters, hardware is the next big thing for the big players.   The iPhone form factor is dead.   It hasn't meaningfully changed in nearly a decade. The next evolution in hardware will be designed specifically to interface with these AI companions.   OpenAI is already working on hardware with Johnny Ive, the legendary designer behind the iPhone and iPod. But you can’t ignore Elon Musk’s edge here.   So what does all of this mean for you?   The companies that control the personal AI relationships will be worth trillions. OpenAI and Elon Musk will have the coziest moats. We're witnessing the birth of a new internet - one built on agents that can communicate with each other across platforms. Google's new agent-to-agent protocol allows AI agents to work together without sharing internal memories or tools. The hardware companies that create the perfect interface for these AI companions will dominate the next decade of technology. And almost nobody is talking about what this means.   My prediction? Within five years, most people will have a personal AI that knows them better than anyone else. And they will interact with it in ways that seem foreign today.   (And, yes, it will almost certainly have dystopian elements.)   In the meantime, the biggest gains won’t come from household names. And, right now, James is seeing a prime opportunity to invest in the most under-the-radar plays in AI…   For dirt cheap. By Chris C. Source: https://altucherconfidential.com/posts/use-chatgpt-protect-yourself-now
    • KBH KB Home stock, nice day and rally off the 50.82 support area, from Stocks to Watch at https://stockconsultant.com/?KBH      
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.