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mark a "27.90" as temp line in sand
My TZA has had two major retests (almost to BE), but looks like market trying hard to make a new low. Will it be a new low, or a bottom????
In TNA 500 @ 43.55? mixed load for the "Hold"
Y ~ in my TOS 15 minute chart it does not show up. There is a spike not a double top. No time to figure out what happened...just thought I'd clarify.
Oh Boy which way > sideways > Algo Drip Dribble
It shows up on the 15 minute chart (not on the 60 minute chart.)
Duma > don't even try to plot this one
No matter what now I'm waiting till 10
Out TZA 400 27.62 "Whew", In at 27.47 yesterday
I really like the term "quantitative yakking" more and more. Sure wish I had come up with it!
http://money.cnn.com/2011/12/12/markets/thebuzz/index.htm
Yesterday, the EUR/USD retraced 50% of it's climb during trading hours and the stock market continued to climb. Then, it did it's double top in the night and is heading back down again and has retraced over 61.8% of it's climb since Monday. The market is still holding strong. One would think it would catch up at some point.
Seems like the market has already got wind of the 10 am news and its not so good. After the 5:25 est stop run its been dive, dive...There was a Trend Channel Overshot on 8:25 bar. Now consolidation or trend reversal?
Now that I have access to TF and extended hours, I have been watching SR60 on a 24hr basis rather than just US trading hours. Of course it is hard to be able to trade during all hours of the night, but it certainly is much better.
SR60 gave a short signal on TF at 8am, IWM did not. I have starting tracking TF as the base indicator and trading at anytime of the day or night. We will see how well it does this time around. At 8am IWM was 73.76 and TZA 27.11.
I went half in at 26.95 and the other half at 27.18. Probable got a retest coming.
Chart makes sense with what is happening. Thanks.
73.77 on the chart
Keep a close eye on this move~~~~!!!
Yep EuroCircus "Insanity"
This is pretty amazing what is going on. I got to give these guys credit for thinking up new ways to prop up the Euro banks. The repo market has frozen up because the banks no longer have any they can use as collateral.
So now the ECB steps in and offers 3 yr loans for 1% and will accept PIIGS debt as collateral. So the banks can make 4% on the difference and they will continue to buy as much PIIG debt as they can get there hands on. Everybody wins!
The first country to default is going to bring the whole house of cards down I fear.
http://seekingalpha.com/article/314938-ecb-s-ltro-experience-a-cautionary-tale-for-the-fed
thanks for that cyn. That's also a useful example of how to use thinkscript.
gloe
Duma > keep close watch on premarket, lots of mess went
down couple hours ago with ECB
This way the government was able to say that the drop was not that bad while it was happening. Now they can change to showing how well the housing market is improving. All numbers coming from the government are a lie and doctored to tell what they want them to say.
ES up but NQ and EUR/USD down. Waiting for ES to break.
???? 10:00 AM
Just saying > be careful with this one
We've been lied to for a long time
Don't know how this will play out BUT
Were not talking about small revision figures here
http://www.cnbc.com/id/45736867
04:18 >>> FX insanity going on all night
I have Classic maths
I want the Classic! If you have already written the code I would very much appreciate it. If not, I'll go back and get the math.
@Spdpro ~ I found out the Pivot code I posted earlier was using John Parson's method. It is not the standard method for calculating Pivots. Still working on that one.
Here is the code for the RSI crossover study I use in QT. You can put whatever values you like into the length and average. I like the 7 and 5. The oversold and overbought lines are also adjustable:
#####
declare lower;
input rsiLength = 7;
input rsiAvgLength = 5;
input over_bought = 70;
input mid_line = 50;
input over_sold = 30;
input price = close;
def NetChgAvg = ExpAverage(price - price[1], rsiLength);
def TotChgAvg = ExpAverage(AbsValue(price - price[1]), rsiLength);
def ChgRatio = if TotChgAvg != 0 then NetChgAvg / TotChgAvg else 0;
plot RSI = 50 * (ChgRatio + 1);
plot RSIAvg = Average(RSI, rsiAvgLength);
plot OverBought = over_bought;
plot midline = mid_line;
plot OverSold = over_sold;
RSI.setDefaultColor(GetColor(6));
RSIAvg.setDefaultColor(GetColor(4));
OverBought.setDefaultColor(GetColor(1));
Midline.setDefaultColor(GetColor(8));
OverSold.setDefaultColor(GetColor(1));
#####
Desert > What PP study is that on QT? I need the maths
As you know there are a few differing PP maths types
I do have "Classic" PP to R1/4 S1/4 maths
but I don't know what your using on QT ?
Thanks, I forgot about that.
gloe, I don't know if this will help, but I found a TOS CCI study that might be of use. It is called "CCIAverage". It plots a CCI of your choice and an average of the CCI of your choice. I checked the average and it is a SMA. I think you were wanting to plot a CCI 14 and a SMA6 of the CCI. Should work.
be back way late tonight if I notice anything
You called it and this is not the first time. Wasted my day waiting for nothing.
Here's the whole email:
In response to your email regarding your chart studies, I've found the following information.
?I use a customized RSI Indicator/Study in QT that I cannot duplicate in TOS.
The parameters in QT or a Period of 7 and a Signal at 5."
You can use the RSIWilderCrossover Study. Set the length to 7 and threshold at 5. You can scan for this also using: RSIWilderCrossover(Length=7, threshold=5)
"I cannot duplicate the standard CCI study I use in QT with a Period of 14 and a Signal at 6. The values are different in the two programs.?
This is the WoodiesCCI Study in the thinkorswim platform.
?The pivot, supports and resistance are in dots in TOS which are very difficult to use because they interfere with the candles. QT has them in lines. I am told this cannot be reconfigured without writing a new Thinkscript code. Also R4 and S4 are not available in TOS. ?
You can try the following custom thinkscript code for this:
##Begin##
#Persons Pivots#
input marketThreshold = 0.0025;
input timeFrame = {default DAY, "2 DAYS", "3 DAYS", "4 DAYS", WEEK, MONTH, "OPT EXP"}; input showOnlyToday = no; input applyPersonsLevelsFilter = yes;
rec marketType = {default DISABLED, NEUTRAL, BEARISH, BULLISH};
def PP2 = high(period = timeFrame)[2] + low(period = timeFrame)[2] + close(period = timeFrame)[2];
marketType = if !applyPersonsLevelsFilter then marketType.DISABLED else if PP2[-1] > (PP2[-1] + PP2 + PP2[1]) / 3 + marketThreshold then marketType.BULLISH else if PP2[-1] < (PP2[-1] + PP2 + PP2[1]) / 3 - marketThreshold then marketType.BEARISH else marketType.NEUTRAL;
plot R3;
plot R2;
plot R1;
plot RR;
plot PP;
plot SS;
plot S1;
plot S2;
plot S3;
if showOnlyToday and !IsNaN(close(period = timeFrame)[-1]) then {
R1 = Double.NaN;
R2 = Double.NaN;
R3 = Double.NaN;
PP = Double.NaN;
S1 = Double.NaN;
S2 = Double.NaN;
S3 = Double.NaN;
} else {
PP = (high(period = timeFrame)[1] + low(period = timeFrame)[1] + close(period = timeFrame)[1]) / 3;
R1 = 2 * PP - low(period = timeFrame)[1];
R2 = PP + high(period = timeFrame)[1] - low(period = timeFrame)[1];
R3 = R2 + high(period = timeFrame)[1] - low(period = timeFrame)[1];
S1 = 2 * PP - high(period = timeFrame)[1];
S2 = PP - high(period = timeFrame)[1] + low(period = timeFrame)[1];
S3 = S2 - high(period = timeFrame)[1] + low(period = timeFrame)[1]; }
RR = if (marketType == marketType.BEARISH or marketType == marketType.NEUTRAL) then R1 else R2; SS = if (marketType == marketType.BULLISH or marketType == marketType.NEUTRAL) then S1 else S2;
RR.setHiding(!applyPersonsLevelsFilter);
R1.setHiding(applyPersonsLevelsFilter);
R2.setHiding(applyPersonsLevelsFilter);
R3.hide();
SS.setHiding(!applyPersonsLevelsFilter);
S1.setHiding(applyPersonsLevelsFilter);
S2.setHiding(applyPersonsLevelsFilter);
S3.hide();
PP.SetDefaultColor(GetColor(0));
R1.SetDefaultColor(GetColor(5));
R2.SetDefaultColor(GetColor(5));
R3.SetDefaultColor(GetColor(5));
S1.SetDefaultColor(GetColor(6));
S2.SetDefaultColor(GetColor(6));
S3.SetDefaultColor(GetColor(6));
SS.DefineColor("S1", GetColor(6));
SS.DefineColor("S2", GetColor(6));
SS.AssignValueColor(if SS == S1 then SS.color("S1") else SS.color("S2"));
RR.DefineColor("R1", GetColor(5));
RR.DefineColor("R2", GetColor(5));
RR.AssignValueColor(if RR == R1 then RR.color("R1") else RR.color("R2"));
PP.SetStyle(Curve.Firm);
RR.SetStyle(Curve.Firm);
R1.SetStyle(Curve.Firm);
R2.SetStyle(Curve.Firm);
R3.SetStyle(Curve.Firm);
SS.SetStyle(Curve.Firm);
S1.SetStyle(Curve.Firm);
S2.SetStyle(Curve.Firm);
S3.SetStyle(Curve.Firm);
def paintingStrategy = if timeframe == timeframe.WEEK then PaintingStrategy.LINE_VS_TRIANGLES else if timeFrame == timeFrame.MONTH or timeFrame == timeFrame."OPT EXP" then PaintingStrategy.LINE_VS_SQUARES else PaintingStrategy.LINE_VS_POINTS;
PP.SetPaintingStrategy(paintingStrategy);
RR.SetPaintingStrategy(paintingStrategy);
R1.SetPaintingStrategy(paintingStrategy);
R2.SetPaintingStrategy(paintingStrategy);
R3.SetPaintingStrategy(paintingStrategy);
SS.SetPaintingStrategy(paintingStrategy);
S1.SetPaintingStrategy(paintingStrategy);
S2.SetPaintingStrategy(paintingStrategy);
S3.SetPaintingStrategy(paintingStrategy);
##End##
If you have any further thinkscript questions or requests, please email thinkscript@tdameritrade.com. You can also reach our Trade Support line at 1-800-672-2098 for additional assistance with the platform.
Best Regards,
Matthew Dukowitz
Trade Support
TD AMERITRADE
Desert > post what he sent pls
Thanks Spdpro...you are very generous.
I changed the dots to lines but, it appears the code is screwed up. I am only getting three lines. The pivot is correct! It also does not give the pivots/supports/resistance for the daily time frame.
At least it is a place to start. The standard study has the code hidden.
If you like, I'll post the code he sent me. However, I will see if I can get them to take another stab at it so we don't have to waste our time. I'm still using my QT charts which have the data on them.
Desert > I'll look at it later
but you should be able to code in an R4
I'll look at some PP stuff I have and let you know
what kind of pivots does that code make?
Re Pivots: They sent me this code which I had to modify to get rid of the dots. It only goes to R3 and S3 but, will work in a pinch. Not sure how to add the 4's. I could probably figure it out through trial and error if they don't send it to me but, I'm new to this code and you know...I really don't want to be a programmer..I want trade. Why can't they just set up a true/false section like QT and have most of the programming be done by the program!
Code below#######
input marketThreshold = 0.0025;
input timeFrame = {default DAY, "2 DAYS", "3 DAYS", "4 DAYS", WEEK, MONTH, "OPT EXP"}; input showOnlyToday = no; input applyPersonsLevelsFilter = yes;
rec marketType = {default DISABLED, NEUTRAL, BEARISH, BULLISH};
def PP2 = high(period = timeFrame)[2] + low(period = timeFrame)[2] + close(period = timeFrame)[2];
marketType = if !applyPersonsLevelsFilter then marketType.DISABLED else if PP2[-1] > (PP2[-1] + PP2 + PP2[1]) / 3 + marketThreshold then marketType.BULLISH else if PP2[-1] < (PP2[-1] + PP2 + PP2[1]) / 3 - marketThreshold then marketType.BEARISH else marketType.NEUTRAL;
plot R3;
plot R2;
plot R1;
plot RR;
plot PP;
plot SS;
plot S1;
plot S2;
plot S3;
if showOnlyToday and !IsNaN(close(period = timeFrame)[-1]) then {
R1 = Double.NaN;
R2 = Double.NaN;
R3 = Double.NaN;
PP = Double.NaN;
S1 = Double.NaN;
S2 = Double.NaN;
S3 = Double.NaN;
} else {
PP = (high(period = timeFrame)[1] + low(period = timeFrame)[1] + close(period = timeFrame)[1]) / 3;
R1 = 2 * PP - low(period = timeFrame)[1];
R2 = PP + high(period = timeFrame)[1] - low(period = timeFrame)[1];
R3 = R2 + high(period = timeFrame)[1] - low(period = timeFrame)[1];
S1 = 2 * PP - high(period = timeFrame)[1];
S2 = PP - high(period = timeFrame)[1] + low(period = timeFrame)[1];
S3 = S2 - high(period = timeFrame)[1] + low(period = timeFrame)[1]; }
RR = if (marketType == marketType.BEARISH or marketType == marketType.NEUTRAL) then R1 else R2; SS = if (marketType == marketType.BULLISH or marketType == marketType.NEUTRAL) then S1 else S2;
RR.setHiding(!applyPersonsLevelsFilter);
R1.setHiding(applyPersonsLevelsFilter);
R2.setHiding(applyPersonsLevelsFilter);
R3.hide();
SS.setHiding(!applyPersonsLevelsFilter);
S1.setHiding(applyPersonsLevelsFilter);
S2.setHiding(applyPersonsLevelsFilter);
S3.hide();
PP.SetDefaultColor(GetColor(0));
R1.SetDefaultColor(GetColor(5));
R2.SetDefaultColor(GetColor(5));
R3.SetDefaultColor(GetColor(5));
S1.SetDefaultColor(GetColor(6));
S2.SetDefaultColor(GetColor(6));
S3.SetDefaultColor(GetColor(6));
SS.DefineColor("S1", GetColor(6));
SS.DefineColor("S2", GetColor(6));
SS.AssignValueColor(if SS == S1 then SS.color("S1") else SS.color("S2"));
RR.DefineColor("R1", GetColor(5));
RR.DefineColor("R2", GetColor(5));
RR.AssignValueColor(if RR == R1 then RR.color("R1") else RR.color("R2"));
PP.SetStyle(Curve.Firm);
RR.SetStyle(Curve.Firm);
R1.SetStyle(Curve.Firm);
R2.SetStyle(Curve.Firm);
R3.SetStyle(Curve.Firm);
SS.SetStyle(Curve.Firm);
S1.SetStyle(Curve.Firm);
S2.SetStyle(Curve.Firm);
S3.SetStyle(Curve.Firm);
def paintingStrategy = if timeframe == timeframe.WEEK then PaintingStrategy.LINE_VS_TRIANGLES else if timeFrame == timeFrame.MONTH or timeFrame == timeFrame."OPT EXP" then PaintingStrategy.LINE_VS_SQUARES else PaintingStrategy.LINE;
PP.SetPaintingStrategy(paintingStrategy);
RR.SetPaintingStrategy(paintingStrategy);
R1.SetPaintingStrategy(paintingStrategy);
R2.SetPaintingStrategy(paintingStrategy);
R3.SetPaintingStrategy(paintingStrategy);
SS.SetPaintingStrategy(paintingStrategy);
S1.SetPaintingStrategy(paintingStrategy);
S2.SetPaintingStrategy(paintingStrategy);
S3.SetPaintingStrategy(paintingStrategy);
I don't know about volume on the forex market. I really didn't think it was available anywhere, but MBT has it, then TOS should. Their data provider probably just doesn't give them volume for forex.
RE charts: I use the indicator called "Woodie's CCI." It is as close as I could get to what I want. It is a 14 CCI histogram with a 6 CCI overlaid on it. I know that is not the same as the signal line . . . but I really use the 6 CCI on the 30 min chart, which is my basic chart.
Maybe the best way to go with TOS is through QT. Harrison told me they are trying to incorporate as many QT features as possible into TOS charts, so why not e-mail QT support and beg the QT guys to help. I think I might do that. I'll have to start working on a wish list. Different kinds of pivots; signal lines on indicators; a histogram option for indicators like the CCI; what else beside paintbars generally?
What would solve the problem with the CCI and the lack of a signal line is if TOS charts generally would let people overlay an indicator over another indicator. (I think the signal line is just a simple moving average of the CCI. I tried it on stockcharts.com and the 6 SMA on a 14 CCI seemed to match the 6 signal line on my QT charts.) I'm sure alot of people would like that feature.
gloe
No, Accumulation/Distribution: not the most reliable indicator obviously.
Y > are you using Level 2
Yes Duma, it looks like I will be selling EOD today as this market will probably close on a high and the RSI is already at 55.8
Thank you for that explanation.
I don't understand why EUR/USD will not provide volume on the TOS chart. I am getting it on MB Trading's platform. I'll try to see if there is a fix.
BTW, I'm still looking for a good contact at TOS. I thought I was getting somewhere but, seem to be back peddling. Still no answer to my email from Sunday. However, I got an email from a programmer late yesterday after waiting a week for a reply and none of the fixes to the problems I presented were accurate. One of my questions was about trying to get the 14, 6 CCI study that QT has standard to match or be available in TOS. They pretty much just told me to use the studies they already have available as if I hadn't tried that already! I'm going to ask the trainer today about their IS department. Maybe they only have two programmers and I have already conversed with their best. I sure hope not.
EUR/USD is the forex market (currency exchange). /6E is futures on the EURO. They are different markets.
If you did the VTOM buys, you did well.
Thanks!
I have a call with a trainer after the market closes today. If I get a good answer, I'll post it here.
Desert > Close, I'll come up with something else tonight
when I have time to really look at stuff and look at it
Thanks! FYI, I'm getting different volume numbers out of TOS again. Is this different than EUR/USD? Looks like it should be the same.
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As of Oct 2013 I made a major shift in my trading to Phase Charts. I then stopped all my trading with SR60 and F85 although I still use the signals with Phase Trading when the timing is right. I feel that this is a good time to stop using this board to describe and document my trading. This board has operated very well of late as a general board and I like that. I plan to continue posting my general comments on this board just as before, but starting today, Oct 28, I will post all my comments about Phase Trading on a new board that I have created, CYCLE TRADING.
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