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I tried to upload the code, but it didn't take.
Gloe OK > try that first
Someone from TOS support told me that if I have a code done partially and need help finishing it, I can send it to them in an email and they will help complete it. I may send them the WoodieCCI code and ask them to strip out all the junk I don't like -- I tried to do that several times and ended up with the RED CODE of DEATH!!!
The thing that I have worked on most is trying to modify the WoodieCCI indicator. If you look at the WoodieCCI indicator and look at the code for it, you will see how complicated it is. It is a collection of several "paintbars" that show up in various places in the CCI panel itself. After alot of time, all I succeeded in doing was to change some colors and some of the default line thickness to suit my preferences. I tried to delete alot of code for stuff I don't use (like the SW and the CZI), but I always ended up with "RED CODE" that tells you you have a mistake and so the indicator will not work AT ALL. So I won't post that.
I'll post the HFE paintbar. This is really taken directly from TOS RSIWilderCrossover study. I just changed the RSI to CCI, changed the threshold to -200 (for the default) and changed the color of the arrows. You need to put 2 of these in your charts, as is the case with all the crossover studies: one is for UP (the default) and then you need a second one to change to DOWN.
#HFE CCI 14 Identifies when the CCI 14 has a Hook from Extreme (HFE): a hook from overbought or oversold, by finding when the CCI has crossed over or under a specified value. Values below -200 indicate an oversold position; Values above +200 indicate an overbought position.
#Length: The number of bars used to calculate the CCI (Default is 14)
#crossingType: Defines whether to apply the study when the CCI has gone above or below the specified threshold and then recrosses the threshold (Default is above)
#threshold: Index value to be crossed (Default is -200)
input length = 14;
input crossingType = {default above, below};
input threshold = -200;
plot signal = Crosses(CCI(length = length).CCI, threshold, crossingType == crossingType.above);
signal.DefineColor("Above", GetColor(4));
signal.DefineColor("Below", GetColor(4));
signal.AssignValueColor(if crossingType == crossingType.above then signal.color("Above") else signal.color("Below"));
signal.SetPaintingStrategy(if crossingType == CrossingType.above
then PaintingStrategy.BOOLEAN_ARROW_UP
else PaintingStrategy.BOOLEAN_ARROW_DOWN);
####################################
Gloe > I'm not the code guru but I know some who is
and I asked him last night if he would assist those
whom have code setup issues. If you need him I'll pass
the info. Seems like the majority of the time I've seen
code feed back from TDA or ? it has just been some cut
paste that was already in studies, I don't know if they
have limitations put on them for "custom" code work or
not but I can see that they might have some in house
rules pertaining to such for some legal reasons or ?
Once one gets semi used to the code and the ability
to "strip out" "cut and paste" in it's not that bad
just chews up a Load of time
gloe, can you show us some of your work?
Hi TOS guru. I'm doing OK so far modifying pre-made PBs and indicators to suit my needs. There is still alot to learn, but carefully examining the code for pre-made PBs is very helpful.
Thanks for all the help. I basically am using the WoodieCCI indicator as my basic CCI Histogram, but I modified it considerably (it's easier to delete stuff than to figure out how to add stuff.) And I made my HFE paintbar, though I can only get it to show up on the price panel as an arrow above and below the candles, rather than right on the CCI. I no longer consider that a big deal since I constantly monitor prices for support/resistance.
Now I feel really silly about some of requests to TOS support, since some of the things I wanted them to do were very easy to figure out.
gloe
?? Now what, sit on hands and wait I guess till 2PM
looks like addition Ramp coming
pulled sell order, but marks still up, will see what
10AM reports bring and into 11AM area
TOS guru sayz >
tastytip: The 1250 level in the S&P looks pretty good but the first few days of the New Year can be tricky. The first move is likely a head fake and a feeling-out period just like round one of long prize fight.
volume vs time, I try to stay with tick'rs, right now I'm on
1 min 3 min on 5 charts TOS and SSPro in premarket due to vol
except for ES
That was my guess?
I follow basically two charts on TOS. I finally read the manual Y and found out to toggle between the two charts. The more I learn about TOS, the better I like.
Riddle: How to you turn 4pm to 9:30AM into a very short time period and 9:30 to 4pm into a very long one. Answer: Use tick charts. They are neat.
remember 10AM reports and 14:15 FOMC minutes both
could stir some action
tax stuff EOY mainly, I was reading last night
yep, that's my thought, got a spike back to 47.25 so that
may well be the marker, will see as we get closer to the 9AM
area, right now 47.80 looks solid
I could guess as to why there was selling pressure starting about 2pm on Fri, but it sure didn't last.
I will watch that number. When the shorts start to cover as you said, I also would think there is a good chance the market will jump again at the open.
Direct Access order in to bail @ 48.57
75.75 48.50 24.30
ramble paragraph 2 Valid
impressive light show
Duma > use all hours TNA,TF's MA's, your 9 to 5 stuff
will be totally blown out, forget about MACD etc it's junk now
I think all hours MA's should blend and track correct by NLT 8AM
at least the fast stuff I use
OK here we Go > On Screens "initial" M & M hits
IWM 75.80 2.78%/ TNA 48.08 7.23%/ TZA 25.09 -5.25%
nice to "IN and ON" right side of this one
looks like a $2K day here easy
yep, I'll be around
Great summary. Talk at you in the morning.
Ramble for Tuesday
first off I'm not going to believe anything till
I see the what M&M's do and futures become active at 6 AM
that said, I think probable scenario is a hard ramp
as soon as the futures open and a continued climb
into the open with maybe a light bobble to settle
the futures a bit before 09:30
once 09:30 hits all hell should break loose as the
shorts run for cover, I don't think you will see any
pull back at all rather than some flash spikes at
the open, if your in Long your good to go, if looking
for Long the Nite Ratz may have already taken most of
the cheese again and reward might not be so great to
chase it for the crubs. If we follow other days like
this it's been Ramp till 11AM or so go to low volume
and drift at the top then light Ramp into the close.
It has Not been uncommon to see the ES run 40pts up
so 50ish is not out of possibility
I'll add to this in the AM
Duma > history
for what it's worth
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=70447705
Duma > indicators based on Thus/Fri are useless, New Game,
all that matters at the moment will be the Futs open to
see if hard pop up to/and possibly hold into the cash open
and what happens with EuroCircus indexes and EUR/USD & FX
could very well be a day of everything "uncoupled" if there
is a huge "euphoria" ramp
You know they way I play,looks like an all night'r here possibly
so I'll throw out more posts later on thoughts
3% is not bad for DAX. I am long also, so this could be good. Got conflicking signals again. IWM said long, TF said short. I wasn't able to trade, so I am still long. May work out ok.
Look at the DAX, maybe my gamble play will pay off well
In TNA 500 @ 44.81 friday in AH, 2 buys 44.85 and 44.77
Duma > Morning , Futs start at 4 AM Tuesday
Thanks. I guess there's nobody up but us chickens.
Gloe > book mark these
all part of the game, it never ends
http://www.ecb.int/events/calendar/mgcgc/html/index.en.html
http://www.cmegroup.com/trading_hours/index.html
yeah it does mean that. Like I said, if you decline to trade your usual symbol in the last 30 days of the year, you can start trading it again in January and not worry about any wash sale rules, because when you stop trading it for 30 days, the effect is the same as if you kept track of all the wash sales throughout the year.
Just telling you what I found out and what I did. Your milage may vary. I'm not an accountant, lawyer (well, I AM a lawyer, but not a TAX lawyer), or IRS agent or practitioner. So don't take my advice.
You might google "green trader tax" and see if that's the website where it is discussed. I just really don't remember.
gloe
dumb as the reat of our Big Gov
The Wash Sale
With the wash-sale rule, the IRS disallows a loss deduction from the sale of a security if a ‘substantially identical security' (defined below) was purchased within 30 days before or after the sale. The wash-sale period is actually 61 days, consisting of the 30 days before and the 30 days after the date of the sale. For example, if you bought 100 shares of IBM on December 1 and then sold 100 shares of IBM on December 15 at a loss, the loss deduction would not be allowed. Similarly, selling IBM on December 15 and then buying it back on January 10 of the following year does not permit a deduction. The wash-sale rule is designed to prevent investors from making trades for the sole purpose of avoiding taxes.
Read more: http://www.investopedia.com/articles/04/122704.asp#12937364289562&close#ixzz1iF1iUIyG
gloe, the "Wash Rules" as I understand them, were put in to keep people from taking a tax loss then getting right back in. I thought it meant all year.
http://www.tradelogsoftware.com/tax-topics/wash-sales/
http://www.smartmoney.com/taxes/income/understanding-the-wash-sale-rules-9860/
Gloe > Yes IRS is a snake pit, almost gotta have a CPA
SS > IRS stuff
I'd have to look at what my CPA did
I am Not in a trader as business status
and assume I have never elected M2M as
CPA has never made mention of "30 day hold" and
he is a Old School trader and well aware of such
From IRS below
-------------------------------------------------------------
The following facts and circumstances should be considered in determining if your activity is a business.
Typical holding periods for securities bought and sold.
The frequency and dollar amount of your trades during the year.
The extent to which you pursue the activity to produce income for a livelihood.
The amount of time you devote to the activity.
You are considered an investor, and not a trader, if your activity does not meet the above definition of a business. It does not matter whether you call yourself a trader or a “day trader.”
Like an investor, a trader must report each sale of securities (taking into account commissions and any other costs of acquiring or disposing of the securities) on Form 8949 or on an attached statement containing all the same information for each sale in a similar format. However, if a trader previously made the mark-to-market election (see below), each transaction is reported in Part II of Form 4797 instead of on Form 8949. Regardless of whether a trader reports his or her gains and losses on Form 8949 or Form 4797, the gain or loss from the disposition of securities is not taken into account when figuring net earnings from self-employment on Schedule SE. See the Instructions for Schedule SE for an exception that applies to section 1256 contracts.
The limitation on investment interest expense that applies to investors does not apply to interest paid or incurred in a trading business. A trader reports interest expense and other expenses (excluding commissions and other costs of acquiring or disposing of securities) from a trading business on Schedule C (instead of Schedule A).
A trader also may hold securities for investment. The rules for investors generally will apply to those securities. Allocate interest and other expenses between your trading business and your investment securities.
Mark-To-Market Election for Traders
A trader may make an election under section 475(f) to report all gains and losses from securities held in connection with a trading business as ordinary income (or loss), including those from securities held at the end of the year. Securities held at the end of the year are “marked to market” by treating them as if they were sold (and reacquired) for fair market value on the last business day of the year. Generally, the election must be made by the due date (not including extensions) of the tax return for the year prior to the year for which the election becomes effective. To be effective for 2011, the election must have been made by April 18, 2011.
Starting with the year the election becomes effective, a trader reports all gains and losses from securities held in connection with the trading business, including securities held at the end of the year, in Part II of Form 4797. If you previously made the election, see the Instructions for Form 4797. For details on making the mark-to-market election for 2012, see Pub. 550 or Rev. Proc. 99-17, 1999-1 C.B. 503. You can find Rev. Proc. 99-17 starting on the bottom of page 52 of Internal Revenue Bulletin 1999-7 at www.irs.gov/pub/irs-irbs/irb99-07.pdf.
If you hold securities for investment, you must identify them as such in your records on the day you acquired them (for example, by holding the securities in a separate brokerage account). Securities held for investment are not marked-to-market.
You can avoid the wash rules by just not trading your usual symbol for the last 30 days of the year. It "resets" everything. I read that on some accountant's website who specializes in trader tax issues. I've done it myself and never been audited. But everyone should seek the advice of a qualified tax accountant since I don't know what I am talking about.
gloe
tia,,, a full time trader can opt, from a tax standpoint, to be "Mark to Market" with the IRS, so that all trades are looked upon as income or loss and you don't have to comply with the strict "Wash Rules" ... If you don't declare as "Mark to Market" you have to avoid trades in a symbol you lost money on for 30 days or you can't count that loss against gains...
Happy New Year everyone!
SS > rephrase M2M question, I know the definition
but not what you are asking
just looking at SRTY n URTY have traded TZA n TNA a lot , IWM, TWM too... are you Mark to Market?
Gloe > I also have one for ECB,IMF and such related
events if I can find it, can't turn your back on "them"
with this Kaos going on, they have been a surprise a minute
and Worse than the FED
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