Here just to demonstrate, that we trade price action, a chart is a chart and no indicator can subsitute a chart. The same exact technique by using modified AH bars with a 3 lookback period.Comments and entries you see are those referring to the other indicator. As you can see,just a slight difference here and there. In the ends it evens out. Do you think this disappoints me because I didn't find the ultimate indicator? Yes because of the fame and glory missed , but on the other hand it's a good sign, it's a little sign of robustness. It doesn't trade with an abbracadabbra number, it trades with price action.
Ok you go long when a green/blue bar goes 1 tick above the high of the bar with the green dot bar You go short when a red bar goes 1 tick below the low of the bar with the red dot Your stop is 1 tick below/Above the dot bar Low/High or you can choose the bar which actually pierces the dot bar, I think in the long run it evens out. Your target can be anything from 1 to 3 points, how do you decide ? You have to learn to recognize a day like friday with ES, when you see small range bars and a lot of overlapping bars, that's the first clue, the second is your P/L going down instead of UP So you adapt fast or you are dead. That's another reason to keep the Y axis of your chart to a constant value , say 4pt nq and 1pt ES, this way after a few weeks , you develop a skill which allows you to recognize as quicly as possible your target range. Adaptative Y value is cool for your eyes and you don't need to move the chart up or down to follow the price, buuut, it doesn't help your mind to develop that skill. One day 1 point is 100 pixel high 1 day is 50 on day is 150, it's a mess for your subconscious. Hope it helps and hope it makes sense
Mark, there seems to be a problem with the Trend code you posted in lines 10 and 11 as shown below. Not sure I can fix it, but will try. SetChartOptions(0,chartShowArrows|chartShowDates); _N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 ) ) )); function Rise( Pd, perd, Pl, perl ) { MAD = DEMA(Pd,perd); MAL = LinearReg(Pl,perl); CondR = ROC(MAD,1)>0 AND ROC(MAL,1)>0; CondF = ROC(MAD,1)<0 AND ROC(MAL,1)<0; R[0] = C[0]>(H[0]+L[0])/2; for(i=1; i 0 AND ROC(Confirm,5) > 0; Downward = ROC(Confirm,1) < 0 AND ROC(Confirm,5) < 0; Select = Rs AND Ref(Fs,-1); Caution = Fs AND Ref(Rs,-1); Change = IIf( Rs, H/ValueWhen(Fs,L)*100, L/ValueWhen(Rs,H)*100 ); Plot( C, "close", IIf( Rs, colorGreen, IIf( Fs, colorRed, colorBlack )), styleNoTitle | GetPriceStyle()); PlotShapes( shapeSmallCircle* select, colorDarkGreen, 0, H, 5 ); PlotShapes( shapeSmallCircle* Caution, colorDarkRed, 0, L, -5 ); GraphXSpace=10; Filter = Select OR Caution; AddColumn( Select, "UpTurn", 1 ); AddColumn( Caution, "DownTurn", 1 ); // ---indicator end--- "Rise = " + Rs; "Fall = " + Fs; "Current Trend Bars = " + Bs; "Trend Move = " + (Change) + " %";
Hi Mark1, J. Carter using 6 bars back for his TTM Trend and he also states that it derived from modified Haiken Ashi, so you are very near from what pros are using. Mark, its amazing that Trend amibroker code by G.K. you posted, I looked at many times and never used it for some reason, but it looks better on your charts then on mine LOL. Thank again as my âcodingâ ability is very very junior level
Carter is notorious for stealing free ideas off TS forums and charging obscene amount of money for them without even crediting the original authors. He is the King of Snake Oil salesman. Definitely a pro salesman but a pro trader wannabe. Personally I have zero respect for the guy's tactics or his trading. It makes me sick to my stomach typing about people like this or any snake oil salesman for that matter. Look elsewhere if you want to improve your trading, none of these jerk offs will ever help you take your trading to the next level. If they do, it was not them, it was you! Anek
Do you know the name of the coder? I don't want to steal anyone's code, I don't know the name, it was in my Library. I just changed the approach to use it Here is Thu morning NQ with Mod HA 3 period look back
Mark, you are not stealing anything, its in that library for traders to use, so all is fine and helpful for us here. Keep up a good work and again thanks a lot.
Mark, I do not believe Anek was implying that you are doing anything wrong. I believe Anek was referring to Carter's plagiarism of other peoples ideas and selling them as his own product for profit. You are taking public information, modifying it for your own personal purposes and sharing it freely with out compensation... No harm, no foul... Thank you for all your efforts... buona sera
Anek, Totally agree with what you say. I only listen to his free videos and only sometimes. Never been a paid subscriber of his or anyone else. Good free forums like this one are many folds more helpful than those wanabee sneak oil salesman/traders. Thanks again for creating this forum. Cheers