indicator which measures the smootheness of pricemovement?

Discussion in 'Technical Analysis' started by robinxing, Mar 18, 2007.

  1. maybe I should try code it by myself

    but frankly speaking I have not any idea about how to code it

    how to describe?

    with eyes I can tell you the chart is beautiful and smootely

    but I do not know how to code

    it is a tough problem
     
    #11     Mar 19, 2007
  2. SarahG

    SarahG

    If he trades off a 200 day moving average, then he will only make a trade once every 200 days. lol.
     
    #12     Mar 19, 2007
  3. SarahG

    SarahG

    Renko charts. Not all charting software has them. You have to check around.
     
    #13     Mar 19, 2007
  4. Type of chart: 200 tick
    Moving Averages: 200 and 50 Simple Moving Average
    CCI Histogram: Set to 50 with a Signal Period of 1

    Put it up on a screen and watch it for a week.

    Good trading,

    JJ
     
    #14     Mar 19, 2007
  5. SarahG

    SarahG

    Is that set up for swing trading? Or daytrading. Sounds like swing trading to me. I'll check out your set up. I usually set my MA's at 5 and 10. My CCI set much lower.
     
    #15     Mar 19, 2007
  6. The 200 tick setting is very responsive to price action.

    The SMA's show the dominant trend.

    The CCI set to 50 show ZLR's, TLB's, Shamu's, etc, while avoiding most of the back-and-forth CHOP.

    You have to put it up on a screen and observe it, see if it works for you.

    I don't like tight scalping for a few bucks, I like to take 1-3 solid trades a day, so I use the bigger settings and/or larger time frames, but I trade intra-day.

    JJ
     
    #16     Mar 19, 2007
  7. man

    man

    i have not done it, so i am theorising here, but you
    might want to look at two indicators which take noise
    filtering into account. i am thinking of adaptive averages
    a la kaufmann, tilson, jurik. and i would take two of
    them with slightly different length. their different
    "reaction time" should be the noise you are looking
    for. but as i said ... didn't do it myself.
     
    #17     Mar 19, 2007
  8. icash55

    icash55

    Idea that intuitively makes sense: moving correlation of price with its moving average.
     
    #18     Mar 19, 2007