MarkB, I came across different versions of divergence functions written in TS. Let me know if you would like me to email it to you. Richard
Guys, these type of messages are better served by PM's, that way they don't clutter up this journal thread. Questions to no_pm should be posted here, but these conversations between members regarding backtesting, breaking protection of code, comparing notes on how many months back you've looked, whether your mother sits on her glasses, etc. can be carried out privately (if at all), keeping this thread clean and free of debris. Thanks.
I would very much like to contribute something to this superb journal. Here is an ADX ela (originally from Bob R.), that changes color at the 30 level. Very easy to see that part of the setup, particularly as a histogram. Enjoy, Richard Input: Length(14),NoTrnd(20),Trend(30),Ref(20); Plot1(ADX(length),"ADX"); If Plot1 < Ref Then SetPlotColor(1, Yellow) Else If Plot1 >= Ref and Plot1 < Trend Then SetPlotColor(1, magenta) Else If Plot1 >= Trend Then SetPlotColor(1, green); Plot2(Ref,"Ref"); Plot3(ADXR(Length), "ADXR"); {ADX Alert Criteria} If MRO(Plot1 < Plot1[1], 3, 1)[1] > -1 AND Plot1 < Plot1[1] Then Alert("ADX has just turned down") Else If MRO(Plot1 > Plot1[1], 3, 1)[1] > -1 AND Plot1 > Plot1[1] Then Alert("ADX has just turned up");
In TS7 I simply set the ADX User Defined range to start at 30. That way, you ONLY see the spots that qualify for consideration. P.S. I second the comment that this is a valuable journal that PM has given us - it is a very elegant method. - rcm
Yes it is, and that's why I said: Thanks dbphoenix for pointing out the obvious, I'm not sure which part of that electron didn't understand? [LATER EDIT: There still seems to be confusion with electron, and since I've seen how he operates on other threads I want to clear this up and end it here. I simply ask that rather than use this thread to personally address another member with questions, you PM that member directly. Of course, for no_pm_please you post questions here in the thread. All I want to do is keep this excellent journal free of unnecessary clutter. Thanks again.]
I'd PM you about this, Magna, but I just wanted to make it clear to everyone that I am in total agreement and apologize for my inane off topic posts yesterday. Particular apologies to no_pm. By way of explanation, not excuse, I was very stressed last night and vented in the completely wrong direction. If you'd like to delete my posts, I have absolutely no objection. In fact I would prefer it.
no_pm, How are you handling trade setups where you just got stopped out on the same continuing trend? Let me try to be more clear: Let's say that you have a perfect setup for a short, and then your stop loss gets hit a little while later. Now there's another setup within the same trend, OR perhaps the spike which stopped you out actually set up the new trade by showing a (now triple) divergence. Would you take the new trade as well under either condition? Have your observations created any rules for number of times to try against this trend before standing aside? Thanks, Mark