This is a working chart that's manually annotated during RTH. The part that is not posted is a co-current hand written log bar-by-bar. The boxes are leftover pre-annotations prior to placing on the chart at the appropriate bar depending on application logic. The boxes you are referring to are the 4 trend types of the market's system of operation. The whole snippet shows the beginning of a long trend composed of trend segments. The trend segments are composed of a combination of a Dom to non-Dom to Dom moves of a archetypal trend pattern. This archetypal pattern has only three types of turns. C turn is a Dom to Dom move. A turn is a Dom to non-Dom move. B turn is move from non-Dom and return to Dom. The whole trend could be a single trade or as one's discernment increases smaller trend segments themselves can be traded. One could also go to higher timeframes to decrease the frequency of their trades. The chart snippet starts by the end of a short C-trend, B-Turn and what's below the price pane is the BO of the RTL formed by this C-trend, B-Turn. This BO was a A-trend, C-turn. On the volume pane, The first BO,T1 on the volume pane with increasing price that XO's the above mentioned RTL is a A-trend, C-turn. This trend continues and progresses in the development of trend through the trend types of A,B,C,D until the next signal of change which is the next BO,T1, A-trend, C-turn. In this trend it never progresses to a D trend. Sometimes trends are interrupted due to the entry/exit of a market participant/s. This is shown by this next trend only cycling through an A trend, then another A trend. Each volume label determines what price does prior to price presenting it's final form. When price first forms it either gives permission to measure price or not. There are 4 bars on this snippet where price did not give permission to measure volume. This is an artifact of a completely different paradigm by which to view the market. Every bar is identified so that one may always know what they know at any given time. It's a complete system developed by Jack Hershey who's posts live on in the ET archives. It's open source but with the caveat that once learned then pass forward to other thinking minds freely. It requires determination and deduction to understand not induction. If one attempts to co-opt it into proprietary methods - it, by design will have limited usefulness. The central process is known as MADA which develops one's discernment by building on concepts and principals one at a time from the market's granularity on up.
Thanks for the details. What's Dom-to-Dom and their permutations? I assume Dom stands for Depth of Market.
YW, Dominant and non-Dominant. On a coarse level, in CW terms, breakouts and retraces. These occur on a granular level and build upon each other in contra-positional relationships aggregated into higher and higher (slower) timescales. ie. a trend on one timescale, is the traverse of a channel on another.
The volume of data can cause lags at all points leading up to your connection. Also, Internet and/or TCP can add quite a bit of overhead. Especially if there is packet loss. If you're looking for consistent, low latency - UDP Multicast with a cross connect is the best option - although, it's quite expensive.
@qlai We consume the CTA and UTP feeds directly from ICE SFTI ( http://www.nyxdata.com/docs/connectivity ). We have 2x 10G cross connects, A networks and B networks for full redundancy. We parse the UDP Multicast binary feeds from the exchanges ourselves. Our average latency (broadcasted) during market hours is usually 15-30ms.